What is nationalization?

Nationalization

Nationalization (British English spelling nationalisation) is the process of taking a private industry or private assets into public ownership by a national government or state. Nationalization usually refers to private assets, but may also mean assets owned by lower levels of government, such as municipalities, being transferred to the public sector to be operated and owned by the state. The opposite of nationalization is usually privatization or de-nationalization, but may also be municipalization. Industries that are usually subject nationalization include transport, communications, energy, banking and natural resources, though there are other areas and there have even been calls for the nationalization of the legal service.

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Some articles on nationalization:

South Oil Company - Nationalization
... The SOC was classified as the first company in Iraq and the eighth in production rating for global oil companies ... The company activities covered a geographical area of 180,000 m² stretching from the Persian Gulf to Hadeth ...
Economic History Of Portugal - The Portuguese Republic - Revolutionary Change, 1974 - Nationalization
... posture, the MFA leadership set out on a course of sweeping nationalizations and land expropriations ... Although foreign direct investment was statutorily exempted from nationalization, many foreign-controlled enterprises curtailed or ceased operation because of costly forced ... Nationalization was followed by the consolidation of the several private firms in each industry into state monopolies ...
Chilean Nationalization Of Copper
... The nationalization of the Chilean copper industry commonly described as the Chilenización del cobre or "Chileanisation of copper," was the progressive process by which the ... and culminated during the government of President Salvador Allende, who completed the nationalization ...
Subprime Mortgage Crisis Solutions Debate - Solvency - Nationalization - Arguments Against Nationalization or Recapitalization
... Nationalization wipes out current shareholders and may impact bondholders ... The threat of nationalization may make it challenging for banks to obtain funding from private sources ...
Notable Nationalizations By Country - Other Countries
... Nationalization of the oil industry in numerous countries, including Libya, Kuwait, Mexico, Nigeria, Saudi Arabia, and Venezuela ...

More definitions of "nationalization":

  • (noun): The action of forming or becoming a nation.
    Synonyms: nationalisation
  • (noun): The action of rendering national in character.
    Synonyms: nationalisation