StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Privatization in UK - Assignment Example

Comments (0) Cite this document
Summary
The UK has been on the first line of privatization and it has seen the highest number if privatization among its peer nations. The government has privatized many firms and even whole sectors such as the railways sector in the UK. In this paper, the efficacy of the UK privatization is the focus. …
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
Privatization in UK
Read Text Preview

Extract of sample "Privatization in UK"

Download file to see previous pages This essay stresses that the privatized firms only seek to impress the shareholders and so their priorities are not to help the citizens but to help advance the interests of the public. This then goes against the theory that are there about how privatization helps the economy to do better to the advantage of the public. With public firms, the public can hold them accountable because they have the right to use democratic processes to determine how managers manage these firms. With the privatized firms however, this is not possible and their mangers run them the way their shareholders want.
This paper makes a conclusion that the benefits of privatization are not easy to achieve. Despite there being so many potential benefits for privatization in theory, these benefits do not materialize. This means either that the privatization process is not being benefiting from the right way of doing it or that the theoretical benefits of privatization do not have the possibility of materializing into real benefits that the public can feel at the macroeconomic level. This is especially when the public does not gain the benefits that are supposed to come from the privatization. It is clear that the supporters of the privatization of UK public organizations did not think the process well enough to have it implemented din a successful way. This means that it is necessary for the government to rethink the strategy and have a way to evaluate the current strategy and find if it is possible to make it even better. ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Privatization in UK Assignment Example | Topics and Well Written Essays - 1750 words”, n.d.)
Privatization in UK Assignment Example | Topics and Well Written Essays - 1750 words. Retrieved from https://studentshare.org/social-science/1689441-privatization-in-uk
(Privatization in UK Assignment Example | Topics and Well Written Essays - 1750 Words)
Privatization in UK Assignment Example | Topics and Well Written Essays - 1750 Words. https://studentshare.org/social-science/1689441-privatization-in-uk.
“Privatization in UK Assignment Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/social-science/1689441-privatization-in-uk.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Privatization in UK

The Privatization of Intelligence

... Affairs, Proceedings of the 2008 Center for Homeland Defense and Security Annual Conference, 2008, 1-33. Chesterman, S. “We Can’t Spy...if We Can’t Buy!: the Privatization of Intelligence and the Limits of Outsourcing ‘Inherently Governmental Functions’.” European Journal of International Law, Vol. 19(5), (July 2008), 1055-1074. Clark, R. Intelligence Analysis: A Target-Centric Approach. Washington, DC: CQ Press, 2010. Krahmann, E. States, Citizens and the Privatisation of Security. Cambridge, UK: Cambridge University Press, 2010. Marrin, S. “Adding Value to the Intelligence Product”. In Johnson, L. J. (Ed.)Handbook on Intelligence Studies. London, UK: Routledge, 2007, Ch.15. Miller, D. “Organizational Configurations: Cohesion, Change...
24 Pages (6000 words) Term Paper

Privatization in Public Administration

...?Phyllis Alexander Dr. Michael O. Adams (Assignment) Privatization of Public Administration Privatization of public enterprises has been a much debated subject over the years. To define, “privatization is the procedure of transferring possession of a business, enterprise, agency, or public service from the public sector to the private sector” (Times of Switzerland). Developing countries have adopted the privatization for planning as a policy and system for national socio-economic development. Privatization involves strategies that would reduce the task of the state by assigning larger roles for the private sector. Despite all identified challenges and disadvantages, the privatization of public administration would bring forth more...
3 Pages (750 words) Essay

Evidence from Privatization

...Evidence from Privatization Privatisation involves the transfer of ownership and the management of state owned enterprises to private firms. Governments should be less corrupted so as to increase the efficiency of state owned corporations and the public sector, promoting national security. Recently, pressure from the IMF and World Bank, has made privatization a major dimension in the worldwide capital market. Many countries and regions are directly adopting this as most of them had historically taken a direct role in the economy, security, social policy, control of enterprises, prevention of inequality and the ownership of national assets (Ioannis, 2012). However, due to limited budgets, governments have been unable to develop all part...
4 Pages (1000 words) Essay

Privatization of Prisons

... Privatization of Prisons Private prisons are facilities that confine convicted criminal through a third party that signed a contract with the government to earn profits. Privatization of prisons could be through transformation of public prisons to private or construction of new profit oriented prison facilities. In America, private prisons started in 1984 when the federal and state government granted Correction Corporation of America permission to run a prison facility (America Civil Liberties Union 10-13). Hence, in 2009 there was booming number of private prison facilities in United States. Private prisons purpose was to house inmate thus reduce congestion in public prisons then paid by the government using taxpayer prison revenue...
3 Pages (750 words) Essay

Effective Privatization

...Running Head: Effective privatization Effective privatization cannot succeed without effective regulation of the of the institution] Effective privatization cannot succeed without effective regulation It was the intention in the UK that subsequent regulation f privatised companies would be as light and unobtrusive as possible. For this reason, the changes were sometimes called deregulation. In industries without big scale economies this was indeed possible. In industries such as electricity, gas water, telecommunications- more extensive regulation, with regard to structure not just conduct, is required whenever international competition is not vigorous. (Stiglitz 1994, 307-323) Privatisation was a response to the view...
8 Pages (2000 words) Essay

Debate Over Airport Privatization

...Debate over Airport Privatization Introduction The shifting of governmental operations and responsibilities to the private sector isreferred to as privatization where sale or lease of public assets constitutes to the most extensive functions (United States General Accounting Office, 1996). Airport privatization is a significant part of the aviation industry and the participation of private sector in the development and operation of airports is quite a conventional notion world-wide. This approach for privatization of airport and facility development is increasingly relied upon countries who find it intricate to develop and maintain their own airports. New airport...
9 Pages (2250 words) Essay

Governmental Reinvention and Privatization

...GOVERNMENTAL REINVENTION AND PRIVATIZATION Governmental Reinvention in Human Resource Management Abstract Reinventing government (REGO) is an approach to theory of public management that may be the most significant and influential in the recent decades. It claims that the employment principles of traditional government, which implied merit and fitness, can coexist with bigger employee independence and enlarged managerial discretion. Reinvention also asserts that decentralization and flexibility can be combined with a system that requested high levels of equity and accountability. Numerous recommendations for government improvement are directed toward management of human resources. This paper introduces reinventing government in public...
10 Pages (2500 words) Essay

Gradual Privatization

... is to sail through. Claudia Alvaro: Is a professional in public financial management with sound knowledge on macro and micro-economic policies. This means Alvaro holds central role in evaluating and assessing the best alternative among the proposals that will be raised towards economic streamlining of central town. Pertinent facts The pertinent issue in this case is the crumbling economy of central town as result of mass immigration of its residents. This means that the tax size has significantly reduced and can barely support the town in terms of public workers wage bill and efficient provision of essential services. The mayor is making efforts to restore economic sanity by proposing privatization with subsequent job cuts among public...
1 Pages (250 words) Case Study

Water privatization

... Water privatization Introduction The issue of water privatization is a contentious one. In the previous years, the attempts by the government to privatize water has not only faced lots of opposition claims, but also has led to various confrontations with the concerned stakeholders. Some arguments are of the outlook that if water is privatized, then the resource will be made a market commodity; thus, its control will be extremely stressful. This results from the aspect water will no longer be a common resource but a commodity in the market. On the other hand, proponents of water privatization argue that through privatization of water, efficiency will automatically be achieved in the water sector. This is from the verity that the utilities...
9 Pages (2250 words) Research Paper

Privatization

...Privatization The term Privatization has several meanings. Basically, it is the transfer of some sort from the government to the private sector. It is the transfer of government owned organizations to the private sector, either to a business making profits or even not-for-profit organizations. This term also refers to the sale of shares in government-owned industries to the private sector firms or even the general public. Another type of privatization is when the government selects a private organization to deliver services to the general public. This type of privatization is known as outsourcing. The main concept of privatization is to introduce more efficiency in business place brought in by the private sector. It also involves...
2 Pages (500 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Privatization in UK for FREE!

Contact Us