Title: (Optional) Examine the concept of privatization.
Course: Opportunities in Global Trade, Advanced (12056-II) > Section: Understanding Politics in the Global Marketplace

Examination should include a definition of privatization and a description of the ways and reasons that government-owned businesses are converted to private ownership.

Process/Skill Questions:

- How does privatization lead to capitalism (e.g., a government-owned bakery being bought by its employees)?
- How can privatization influence international trade?
- Why might a nation choose to privatize its businesses?
- What are the advantages and disadvantages of privatization?
- Which countries are actively privatizing businesses? Why?
- How does privatization benefit developing nations and emerging markets?
- What are some examples of privatization in the United States?
- What is the Defense Advanced Research Projects Agency (DARPA), and how is it an example of privatization?