Every plan we've heard from Treasury amounts to the same thing — an attempt to socialize the losses while privatizing the gains.
In the 1990s the Puerto Rican government initiated financial reforms of the health care system, including privatizing some hospitals and clinics.
Under the tutelage of the International Monetary Fund (IMF) and the World Bank since the mid-1980s, Sao Tome and Principe has tried to restore a functioning economy by devaluing its currency, reducing the budget deficit, privatizing formerly nationalized companies, attracting foreign investment, and removing price subsidies and controls.
Iberia was nationalized in 1944, but in the late 1990s the Spanish government began privatizing the carrier, selling its last share in 2001.
For instance, in the area of utilities such as electricity and telecommunication, some countries such as the United Kingdom moved toward both marketizing and privatizing these sectors, whereas in Norway and Sweden marketization occurred primarily within the public sector.
During his first term, Sharif initiated an ambitious program of economic reform, privatizing a range of state-owned businesses.
By the beginning of the 21st century, with the government aggressively privatizing state-run industries, the restructured Bulgarian economy had markedly improved (aided in 2007 by the country's ascent to full membership in the EU).
This process of establishing state ownership of the economy has been associated with both right and centre-left governments; however, in the first decade of the 21st century, the centre-right government partly in response to pressure from the EU showed an inclination for privatizing some sectors.
When the failure of these and other populist measures had become clear by 1983, Rawlings reversed course and adopted conservative economic policies, including dropping subsidies and price controls in order to reduce inflation, privatizing many state-owned companies, and devaluing the currency in order to stimulate exports.
The second recourse is the market solution: governments privatizing public services, and companies outsourcing their previously internalized transactions.
