ABSTRACT
THE CONCEPT OF PRIVATIZATION TRAVELS with an agenda, for certain conditions must be met before the idea has a chance of gathering acceptance in societies operating within a different framework. By definition, the term refers to the process by which ownership and control is transferred from government to private individuals and non-governmental organizations such as institutional investors. The overriding motivation for such change is to infuse new life into flagging businesses and enable them to gain a competitive position in the global business environment.
