denationalization
/diˌnæʃənəlaɪˈzeɪʃən/
noun
- The process of transferring ownership of a business, industry, or service from government control to private ownership.
- Many countries pursued denationalization of state-owned banks in the 1990s.
- The denationalization of the airline industry led to more competition and lower fares.
- Critics of denationalization argue that it can reduce access to essential services for low-income citizens.
- The act of removing national character or identity from something.
- Some historians view the treaty as a form of denationalization of the region's cultural heritage.
- Globalization has sometimes been accused of causing the denationalization of local cuisines.
- The denationalization of the school curriculum sparked a debate about preserving local traditions.
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