PRIVATISATION PRIVATISATION

PRIVATISATION, NATIONALISATION OR DENATIONALISATION?  _______________________ – the act of putting a nationalised industry back into private ownership  _______________________ – the act of bringing a company or industry under the control of a government a government  _______________________ – the act of selling a company or activity controlled by the government to private investors

NATIONALISATION VS. PRIVATISATION Are the following arguments in favour of NATIONALISATION or PRIVATISATION? 1.The sale of an industry raises money for the government. 2.Competition makes an industry more efficient. 3.It is socially right. 4.These companies are more likely to innovate and develop desirable products than these owned by the state. 5.The government has a better control of the economy. 6.Consumers are offered more choice and better quality. 7.An industry is more efficiently managed by that sector.

WHAT ABOUT THIS ARGUMENT?

WHAT IS PRIVATISATION, ANYWAY? Can you explain the following words? ● chunks ●enterprise ●shares ●voluntary ●endeavour ●convert ●auction ●achieve ●contradictory ●goal ●monopoly ●impact ●capital market ●public stock offering ●expand ●invigorate ●layoffs ●widespread ●proponent

WHAT IS PRIVATIZATION, ANYWAY? – RB, p 42 The paragraphs in the RB answer the following questions. Match the questions to the corresponding paragraphs. 1) What is privatization? 2) Is this a new idea? 3) How is denationalization accomplished? 4) Why privatize? 5) Does it work? 6) What's the downside?

ARGUMENTS FOR AND AGAINST PRIVATISATION – RB p 43 1 SPEAKING - DEBATE  Two teams prepare for the debate: one reads the arguments for, and the other team reads the arguments for, and the other team reads the arguments against privatisation. Teams then the arguments against privatisation. Teams then take turns to argue their points. The team that runs take turns to argue their points. The team that runs out of the arguments first is not the winner. out of the arguments first is not the winner. 2 WRITING - PARAGRAPH  Write a paragraph summarizing the arguments for and against privatisation. and against privatisation.

ARGUMENTS FOR OR AGAINST PRIVATISATION?