ABSTRACT

The trend toward privatizing state functions has been accompanied by a parallel movement whose magnitude is equally great: the expanding global presence of commercial enterprises that carry out activities once done by governments. The companies may perform these functions as their sole or primary source of revenue, or they may be engaged in other activities as well, related or unrelated to aspects of governance. Without businesses to take over what governments privatize, the privatization movement could not achieve its scope or intensity. The companies must be in place, or be created, to ensure the continuation of the activities that states divest but want maintained rather than terminated.