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Comparison of outputs with literature on privatization and politics

Privatization is the process of transformation of property structure expected to help economic development of a country. Privatization is fundamentally political […] issue which in democratic contexts is typically subject to ideological and political party choice (Soressen, 2009, pp. 33). In the proper processes and right ways of carrying privatization of Socially Owned Enterprises by transferring the assets and obligations to private businesses or private entities is believed to benefi t free competition and markets, to stimulate production eff ects as well as to encourage investments from domestic and foreign capitals. Socially Owned Enterprises may be placed at the hierarchy of economic-fi nancial performance ranked from very good to very bad (Kikeri & Nellis & Shirley, 1994, 38). Hence enterprises may undergo reform process to suit to the globalization requirements and technology advancements in order to succeed. Further (Williamson, 2000, pp.595-613) states that reform of enterprises cannot be treated separately from the reform of institutions. Thus countries, especially former socialist –communist countries that undergo transition period need to reform policies and regulations next to reforming socially owned enterprises. State politics are important to give a proper direction of privatization process through policies and regulations in order to have important impact on the employment generation, investments and raise of economy in generally