In their book, Daniel Yergin and Joseph Stanislaw wrote "It is the greatest sale in the history of the world. Governments are getting out of businesses by disposing of what amounts to trillions of dollars of assets. Everything is going—from steel plants and phone companies . . . to hotels, restaurants, and nightclubs." This is an indication of:
◦ foreign companies are competing with governments.
◦ there is less demand for these type of companies.
◦ privatization is becoming a driving force for global marketing.
◦ the fact that governments can make more money by selling assets.
◦ these businesses are considered as closed markets.
Joseph Banks
Joseph Banks
Major Events in the History of Psychology (4 of 6)
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History