Privatization Theory Privatization is the essential process in both the political and the economic transition from socialism to capitalism. Property rights are one of the most important differences between the two systems because they create a system of incentives‚ which ultimately leads to a more efficient utilization of resources. Additionally‚ individuals can respond to market conditions faster and more efficiently than the state itself. Hence‚ the transfer of ownership from the state to private
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CURRENT AFFAIRS LEGAL ISSUES ON FOREIGN INVESTMENTS IN INDIA As a result of various policy initiatives taken‚ the Indian economy has been rapidly changing from a restrictive regime to a liberal one. The present legal framework allows an easy entry to a foreign investor in India. The liberalization of the foreign investment regime in India commenced in 1991 and thereafter has been gradually liberalized by successive governments. Deregulation‚ privatization and easing of restrictions
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To ensure the business is compliant the new owner will need to be aware of several legal and ethical considerations. Ethical issues include: Honesty- This is not limited to dealing with money and property. Colleagues and customers also expect honesty in their relationships. Confidentiality- It is against the Privacy Act and bad for business to reveal information about customers and colleagues unless they are informed. Employees also need to keep trade secrets so that their enterprise maintains a
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Prison Privatization Privatizing prisons may be one way for the prison population to get back under control. Prisons are overcrowded and need extra money to house inmates or to build a new prison. The issue of a serious need for space needs to be addressed. “As a national average‚ it costs roughly $20‚000 per year to keep an inmate in prison. There are approximately 650‚000 inmates in state and local prisons‚ double the number five years ago. This costs taxpayers an estimated $18 billion each
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My reason for privatization To promote efficiency. This is because; one common problem facing the public sector is bad attitude towards work. In that respect‚ if the sector is privatized‚ the new management would instill a strict routine check on the workers thereby increasing efficiency. Privatisation‚ also spelled privatization‚ may have several meanings. Primarily‚ it is the process of transferring ownership of a business‚ enterprise‚ agency‚ public service or public property from the public
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“Injustice any where is a threat to justice everywhere” Martin Luther King (Famous Black Quoations Janet Cheatham Bell. Prison Privatization is a broadly defined term for the privatization of prisons and prison-related services. In some cases‚ this may include transferring control of existing public sector prisons to private companies. However‚ more commonly private companies are contracted to design‚ build‚ and operate new prisons and jails by federal‚ state‚ and local governments. In still other
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Legal and Ethical Issues in the Workplace Barbara Pritchard BUS 670: Legal Environment Professor Gary Gentry July 15‚ 2013 LEGAL AND ETHICAL ISSUES IN THE WORKPLACE Abstract In society today the business world presents many ethical issues. Organizations must strive to provide employees with a clear understanding of the overall company’s vision. This will help employers in practicing the code of ethics‚ policies and procedures in the workplace. Companies must be steady in continuously delivering
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Written Report of Assessment One Module : MKT10901 Emerging Markets (Hong Kong) Topic : Emerging Market in Russia Local Tutor is Stephen Li (s.li@cityu.edu.hk) Student Name : Huen Ho Ki Edinburgh Napier University student no. : 40073098 Scope‚ City University of Hong Kong student no. : 52652990 Word Count : 1982 Executive Summary Russia is a country which has rich natural resource with Europe’s largest population of more than 140 million‚ this shows Russia’s heavy weight as a player
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A Project Report On EIC Analysis Of Petroleum Industry Prepared By: Pruthvi Machhar (A-28) Richa Mokashi (A-32) Reshma Bharwani (B-5) Sarita Dube (B-10) Vikas Patel (B-39) Submitted To: Prof. Mayur Shah [pic] A. Economy Review: India is developing into an open-market economy‚ yet traces of its past autarkic policies remain. Economic liberalization‚ including reduced controls on foreign trade and investment‚ began in the early 1990s and has served to accelerate
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Legal Issue A paper submitted in the course of Business Law BUS/415 University of Phoenix March 16‚ 2008 Introduction Agency Law in a Business Environment A principal is the party who employs another person to act on his or her behalf; an agent is a party who agrees to act on behalf of another. In order for the agent to successfully fulfill their tasks for their principal’s they have duties that they are expected to fulfill. The duty to obey instructions‚ to act with skill‚ loyalty‚
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