Bolivia Nationalizes the Oil and Gas Sector a. What are the benefits and drawbacks of nationalization? Benefits and drawbacks of nationalization 1. Public welfare: Nationalization abolishes the economic powers to form a few monopolists and enables the govt. to take steps for the welfare of the public. 2. Economic Prosperity: Government got the power to modernize the industry‚ communications and transport for the best interest of the nation. So rapid growth of industries causes economic
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30 September 201111 Word Count: 2500 Kopano Seopela 608S2360 08 Fall SA Economy: Nationalising South Africa’s Mining Sector Kopano Seopela 608S2360 Luyanda Period 3 (09.25) SA Economy: Nationalising South Africa’s Mining Sector Economics 314 30 September 2011 Abstract The purpose of the essay sets out to look at the concept of nationalisation‚ research it and discuss whether it is an applicable strategy to implement into South African policy. The importance of the essay is to highlight the
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Institute of administration sciences Subject name: Macro Economics. Assignment topic: “Private sector vs. Public sector” Submitted by: Zareen Rana 12-BS-S-82 Submitted to: Miss. Aysha Sarfraz Submission date: Private sector vs. public sector * Private sector: The part of the economy that is not state controlled‚ and is run by individuals and companies for profit. In most free-market economies‚ the private sector is the sector where
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EFFICIENCY UNIT VISION & MISSION Vision Statement To be the preferred consulting partner for all government bureaux and departments and to advance the delivery of world-class public services to the people of Hong Kong. Mission Statement To provide strategic and implementable solutions to all our clients as they seek to deliver people-based government services. We do this by combining our extensive understanding of policies‚ our specialised knowledge and our broad contacts and linkages throughout
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BROCHURE ON GUIDELINES FOR SELECTION OF REGULAR LPG DISTRIBUTORS AUGUST 2013 Guidelines on Selection of Regular LPG Distributorship (Applicable to all locations Advertised / Re-advertised from August’13 onwards ) 1. IDENTIFICATION OF LOCATIONS Locations for setting up of LPG Distributorship are identified based on available refill sale potential‚ which can sustain economically viable operation of an LPG distributorship. The refill sale potential is based on several factors
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government used privatization as means for reforming Victorian public sector on an unprecedented scale. The purpose of the privatisation program was to bring responsible economic management in government enterprises‚ utilities and operation with greater efficiency‚ accountability and competition. Two leading tools of privatization policy have been the sale of State’s Government Business Enterprises (GBEs) and assets‚ and the contracting out of public services. To provide the legislative framework for the
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assigns government as monopoly holder over public water utilities. Jakarta Government established one PDAM in 1971‚ publicly known as PAM Jaya. PAM Jaya covers all Jakarta City area within 661.52 km2 area. By year 1995‚ PAM Jaya had potential 9.1 million customers‚ but It can only supply fresh water for 38.79% population‚ while 61.21% others still used ground water. PAM Jaya supported by Jakarta government tried to expand its infrastructures to serve public needs‚ but they did not have enough financial
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Impact of Nationalization on Pakistan’s Economic development " We would have had the likes of Birlas and Tatas but for nationalization." Nasim Saigol‚ Interview with Business Today‚ India. March 22-April 6‚1992 " Had we gone at the rate of growth during the decade of 1960’s‚ I reckon we would have definitely been an Asian tiger by now" Abdul Hameed. M. Dadabhoy‚ Interview with Daily Dawn September 9‚ 1995. Bhutto’s nationalization broke some of the 22 families financially but several of them
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Public transport could be made free of charge. Are there more advantages or disadvantages to this change? In many countries around the world there is considerable debate about the role of public transport. One suggestion that is commonly put forward is that it should be made free of charge. My belief is that while this policy might be difficult to implement in practice‚ there are at least two strong reasons for considering it. The one significant problem with making public transport free
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deal with various aspects of telecommunications. The Commission and the Department of Telecommunications (DoT) are responsible‚ inter alia‚ for policy formulation‚ licensing‚ wireless spectrum management‚ administrative monitoring and control of the Public Sector Undertakings (PSUs) engaged in telecommunication services‚ research and development‚ and standardization/validation of equipment. In addition to the Telecom Commission‚ other Government organisations engaged in the telecom sector (as a part
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