Nationalization is most common in developing countries subject to frequent leadership and regime changes. In these instances, nationalization is often a way for a government to expand its economic resources and power.
The opposite of nationalization is privatization, when government-owned companies are spun off into the private business sector.
In the United States, true nationalization is a rare occurrence. The last true nationalization of an industry was the government takeover of airport security after the September 11th tragedies in 2001. Prior to that, there were some selective nationalizations of savings and loan institutions in the early 1980s, as well as much of the railroad industry in the 1970s.
Many have argued that the government takeover of a number of failing companies, such as GM and AIG, has also amounted to nationalization, even though the U.S. government exerts very little control over these companies.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Nationalization — Na tion*al*i*za tion, n. The act of nationalizing, or the state of being nationalized. [1913 Webster] … The Collaborative International Dictionary of English
nationalization — index condemnation (seizure) Burton s Legal Thesaurus. William C. Burton. 2006 … Law dictionary
nationalization — (n.) 1801, act of rendering national in character, from NATIONALIZE (Cf. nationalize) + ATION (Cf. ation). Meaning act of bringing (property) under control of the national government is from 1874 … Etymology dictionary
nationalization — (Amer.) naÂ·tionÂ·alÂ·iÂ·zaÂ·tion || â€šnÃ¦ÊƒnÉ™lÉ™ zeÉªÊƒn / laÉª n. naturalization; formation of country; making national (also nationalisation) … English contemporary dictionary
Nationalization — Not to be confused with Naturalization. Part of a series on Economic systems Ideological systems … Wikipedia
nationalization — See nationalize. * * * ▪ economic policy alteration or assumption of control or ownership of private property by the state. It is historically a more recent development than and differs in motive and degree from “expropriation” or “eminent… … Universalium
nationalization — A government takeover of a private company. Bloomberg Financial Dictionary * * * nationalization na‧tion‧al‧i‧za‧tion [ˌnæʆnəlaɪˈzeɪʆn ǁ nələ ] also nationalisation noun [countable, uncountable] ECONOMICS the act of bringing a company or… … Financial and business terms
nationalization — The process of bringing the assets of a business into the ownership of the state. Examples of industries nationalized in the past in the UK include the National Coal Board and British Rail. Historically, nationalization has been achieved through… … Accounting dictionary
nationalization — The process of bringing the assets of a business into the ownership of the state. Examples of industries nationalized in the past in the UK include the National Coal Board and British Rail. Historically, nationalization has been achieved through… … Big dictionary of business and management
nationalization — Gen Mgt the taking over of privately owned companies by government. Nationalization has strong political connotations. Recent global political trends have moved away from nationalization by introducing more competition and liberalization into… … The ultimate business dictionary