Privatization, in basic terms, means assignment of properties or management of economic production units of states to private sectors. Privatization is a procedure which aims to minimize state involvement in industrial and commercial activities in the economy and it is a general result of liberal economic policies adopted by states.

The major economic changes in the 80’s created a new era for the world economy, where privatization has become one of the most essential and indispensable financial reforms on the economic agendas of many nations. Similarly, privatization has also become part of Turkey’s agenda since 1984.

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