What is the meaning of nationalization?

What is the meaning of nationalization?

Nationalization is the process of taking privately-controlled companies, industries, or assets and putting them under the control of the government. Nationalization often happens in developing countries and can reflect a nation’s desire to control assets or to assert its dominance over foreign-owned industries.

What is an example of nationalization?

Some nationalizations take place when a government seizes property acquired illegally. For example, in 1945 the French government seized the car-maker Renault because its owners had collaborated with the 1940–1944 Nazi occupiers of France.

What is another word for nationalization?

Find another word for nationalize. In this page you can discover 10 synonyms, antonyms, idiomatic expressions, and related words for nationalize, like: specific, socialize, privatize, expropriate, communalize, politics, nationalise, denationalize, nationalization and null.

What are the reasons for Nationalisation?

Arguments for Nationalisation include

• Natural Monopoly. Many key industries nationalised were natural monopolies.
• Profit shared with taxpayer.
• Externalities.
• Welfare Issues.
• Industrial Relations.
• Government Investment.
• Free market failure.
• Saved banking system.

What is nationalized in the United States?

Over the past century, the U.S. government has nationalized railways, coal mines and steel mills, and it has even taken a controlling interest in banks when that was deemed to be in the national interest.

How do you nationalize?

Nationalization, therefore, may occur through the transfer of a company’s assets to the state or through the transfer of share capital, leaving the company in existence to carry on its business under state control.

How do you use nationalize in a sentence?

Nationalize sentence example His formula was “to royalize France and to nationalize the monarchy.” Either the proletariat would proceed to nationalize the entire economy, or inevitably the capitalist system would emerge predominant.

What is an antonym for naturalization?

Antonyms. disapproval natural affectedness unnatural pretentiousness sophistication unlikeness.

Is nationalization a government intervention?

Nationalisation occurs when the government take control of an industry previously owned by private firms. For example, after 1945, the Labour government nationalised key industries, such as railways, steel and electricity….Privacy Overview.

How is nationalization a problem?

First, given the size of the US financial industry, nationalization is simply impractical. Secondly, the act of transferring ownership from private to public hands will further destabilize the market. Third, nationalization will expose the financial sector to political manipulation.

Has the US ever nationalized a company?

https://www.youtube.com/watch?v=jpBmLrUoCfk