marketization
Sign in to saveMarketisation or marketization is a restructuring process that enables state enterprises to operate as market-oriented firms by changing the legal environment in which they operate.
~14 min read
Article
19 sectionsContents
- Aspects
- Marketized solutions of government and market externalities
- Marketization of government branches
- Theory
- Examples
- Nonprofit and voluntary sector
- Overview of nonprofit organizations
- Rationale
- Funding sources
- Public sources and subsidies
- Charitable giving, endowments, and major donors
- Fee-for-services
- Current literature
- Pros
- Con
- Marketisation and existing market theory
- See also
- References
- Further reading
Marketisation or marketization is a restructuring process that enables state enterprises to operate as market-oriented firms by changing the legal environment in which they operate.
This is achieved through reduction of state subsidies, organizational restructuring of management (corporatization), decentralization and in some cases partial privatization. These steps, it is argued, will lead to the creation of a functioning market system by converting the previous state enterprises to operate under market pressures as state-owned commercial enterprises.