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All Flashcards
What is Privatization?
Transferring state-owned enterprises to private owners.
What is Nationalization?
Transferring ownership from private organizations to the government.
How does China handle market forces?
State-owned enterprises, significant government control.
How does Russia handle market forces?
Oligarchs, state control over key sectors.
How does Nigeria handle market forces?
Dependence on oil, corruption, privatization efforts.
How does Mexico handle market forces?
NAFTA, privatization, foreign investment.
How does the UK handle market forces?
Privatization, free market policies, welfare state.
How does Iran handle market forces?
State-owned enterprises, sanctions, religious influence.