Nationalization
noun
The act of transferring the ownership of a private business or industry to the government.
The nationalization of the health care industry caused a lot of change in the country's economy.
Often appears as...
- nationalization of industries
- nationalization process
Usage tips
Academic
noun
The act of transferring the ownership of a private business or industry to the government.
The nationalization of the health care industry caused a lot of change in the country's economy.
Often appears as...
- nationalization of industries
- nationalization process
Usage tips
Academic
Definition 1 of 1
Pro Tip 1/3Government Control
Nationalization usually implies the government gains direct control over an industry or service.
After the nationalization of railways, the government set the ticket prices.
Pro Tip 2/3Not Always Popular
Nationalization can be controversial, with strong opinions both for and against it.
Nationalization of the banks divided public opinion.
Pro Tip 3/3Economic Impact
The term often involves significant changes to a country's economy and can affect employment.
The nationalization of steel factories aimed to stabilize jobs.
Pro Tip 1/3Government Control
Nationalization usually implies the government gains direct control over an industry or service.
After the nationalization of railways, the government set the ticket prices.
Pro Tip 2/3Not Always Popular
Nationalization can be controversial, with strong opinions both for and against it.
Nationalization of the banks divided public opinion.
Pro Tip 3/3Economic Impact
The term often involves significant changes to a country's economy and can affect employment.
The nationalization of steel factories aimed to stabilize jobs.
Pro Tip 1/3Government Control
Nationalization usually implies the government gains direct control over an industry or service.
After the nationalization of railways, the government set the ticket prices.
Pro Tip 2/3Not Always Popular
Nationalization can be controversial, with strong opinions both for and against it.
Nationalization of the banks divided public opinion.
Pro Tip 3/3Economic Impact
The term often involves significant changes to a country's economy and can affect employment.
The nationalization of steel factories aimed to stabilize jobs.
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Quote examples
Evo Morales
Bolivian Statesman
In 2005, before I was president, the state of Bolivia had only $300 million from hydrocarbons. Last year, 2007, the Bolivian state - after the nationalization, after changing the law - Bolivia received $1,930 million. For a small country with nearly 10 million inhabitants, this allows us to increase the national economy.
Quote examples
Anne Applebaum
American Journalist
Many Americans, but Republicans in particular, long opposed the nationalization of industry and state-controlled companies that are more common in Europe. Instead, they were proud of the American commitment to both economic and political freedom.
Quote examples
Fidel Castro
Statesman
When at just 27 years old, Qaddafi, colonel in the Libyan army, inspired by his Egyptian colleague Abdel Nasser, overthrew King Idris I in 1969, he applied important revolutionary measures such as agrarian reform and the nationalization of oil.
Quote examples
Frank Rich
American Journalist
Nationalization would likely mean wiping out the big banks' managements and shareholders. It's because that reckoning has mostly been avoided so far that those bankers may be the Americans in the greatest denial of all.
Quote examples
Sun Yat-sen
Chinese Leader
China's many nationalities need only to be transformed into the Chinese nation and to make it a highly civilized nation; then the nationalization process will be completed.
Quote examples
Frank Rich
American Journalist
Nationalization, unmentionable only yesterday, has entered common usage not least because an even scarier word - depression - is next on America's list to avoid.
Quote examples
Ha-Joon Chang
South Korean Economist
I think this notion that public enterprises do not work and therefore nationalization will be a disaster, I mean, it's not supported by evidence.
Quote examples
Barbara Castle
British Politician
You see, another reason for nationalization was that private ownership meant fragmentation.
Quote examples
Barbara Castle
British Politician
Those were the ideals that drove us to nationalization of the health service.
Quote examples
Evo Morales
Bolivian Statesman
In 2005, before I was president, the state of Bolivia had only $300 million from hydrocarbons. Last year, 2007, the Bolivian state - after the nationalization, after changing the law - Bolivia received $1,930 million. For a small country with nearly 10 million inhabitants, this allows us to increase the national economy.
Quote examples
Anne Applebaum
American Journalist
Many Americans, but Republicans in particular, long opposed the nationalization of industry and state-controlled companies that are more common in Europe. Instead, they were proud of the American commitment to both economic and political freedom.
Quote examples
Fidel Castro
Statesman
When at just 27 years old, Qaddafi, colonel in the Libyan army, inspired by his Egyptian colleague Abdel Nasser, overthrew King Idris I in 1969, he applied important revolutionary measures such as agrarian reform and the nationalization of oil.
Quote examples
Frank Rich
American Journalist
Nationalization would likely mean wiping out the big banks' managements and shareholders. It's because that reckoning has mostly been avoided so far that those bankers may be the Americans in the greatest denial of all.
Quote examples
Sun Yat-sen
Chinese Leader
China's many nationalities need only to be transformed into the Chinese nation and to make it a highly civilized nation; then the nationalization process will be completed.
Quote examples
Frank Rich
American Journalist
Nationalization, unmentionable only yesterday, has entered common usage not least because an even scarier word - depression - is next on America's list to avoid.
Quote examples
Ha-Joon Chang
South Korean Economist
I think this notion that public enterprises do not work and therefore nationalization will be a disaster, I mean, it's not supported by evidence.
Quote examples
Barbara Castle
British Politician
You see, another reason for nationalization was that private ownership meant fragmentation.
Quote examples
Barbara Castle
British Politician
Those were the ideals that drove us to nationalization of the health service.
Example 1 of 9
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