1. ARW Note-taking Name:_____Ted_______
The research question: privatisation of government facilities is not beneficial for national growth. Do you agree?
Citation: O’Connor, D 2006, Encyclopedia of the global economy, vol.1, Greenwood, London.
_______________________________________________________________________________________________
Theme, definition, key terms and/or Detailed information, i.e. supporting points, evidence, Your critical response
major argument statistical data, cases etc.
The definition of privatisation Privatisation is the process of transferring state –owned This information gives the definition
facilities into private-owned. During the last two decades, and background of privatisation, which
many countries developed this policy with the progress of is helpful for me to understand the
the globalization, in order to activate production efficiency, meaning of privatisation. I will
enhance product quality, provide more investment chances probably use part of it in my
for foreign investor, and increase companies’ activities. introduction.
(p. 313)
IMF report ‘A recent International Monetary Fund (IMF) report The figures prove the increase in
concluded that privatisation raised $1.1 trillion for privatisation revenues. I will use these
governments between 1985 and 1999’ (p.313) data in my body paragraph three, and
further information need to follow up
on IMF Staff Papers, vol. 51, no.2, 197,
2004.

2. The way of privatisation There are many ways for governments to privatize their This may not be used in essay but can
assets and facilities. First of all, it is popular to issue shares gain background knowledge.
of stock which are sold to private investors, and sometimes
governments also keep some of shares in private enterprises.
In addition, issuing the “vouchers” is another choice.
Furthermore, some privatisation can be achieved by sailing
government facilities directly. In the end, the government
can pay private companies for employing them to operate
the assets. (p. 313)
The history of privatisation Most privatisation occurred in 1980s, 1990s and early 2000s, The information here shows the
especially in Latin America and Caribbean where this policy development of privatisation, which
was carried earlier and deeper. During this time, many helps me with finding the specific
crucial industries including important services, like banking examples. It will be probably used in
and telecommunications, and basic infrastructure, such as body paragraph one to give the
water, electricity and transportation system were privatised. example.
In Europe, the United Kingdom and France took the
privatisation torch earlier. From 1990, privatisation was
developed in transition countries which transfered from
communism to capitalism, in eastern and centre Europe and
centre Asia. (p. 314)

3. The opposite voice of privatisation With the development of privatisation, there were also many This information helps me with deep
problems. In Latin America, for example, after privatisation understanding the privatisation from
of the key services, the price in those lines rose quickly then pro and con, which is beneficial for me
caused lots of protest. Meanwhile, Latin American people to argue my points. It is certainly that
argued that this policy increased the unemployment and not all of the privatisation can be
expanded income difference between the rich and poor. successful.
Moreover, there were many unfair distributions of shares
between traditional powers and common people. Therefore,
governments in some countries turned over the privatised
companies, in order to provide sustainable supply of
products at a suitable price level. (p.315)
The definition of economic growth Economic growth means the increase of national output. It is This information helps me with
always measured by real gross domestic product (GDP) and understanding the key word, national
real GDP per capita. growth. I think it can be defined as
economic growth, and be measured by
some indexes. I will use this
information in my three body
paragraphs, relating to link the
privatisation to national growth.

4. The benefits of economic growth are readily observable.
First, economic growth improve people’s standard of living.
The most common standard of living measure is the gross
national income (GNI) per capita. Second, economic growth
improves people’s quality of life. A higher quality of life
implies a higher standard of living plus other improvements
in the human condition, including access to education, health
care, and social programs. Third, economic growth fuels the
various cycle of development. economic growth promotes
national savings, and productive investment in R&D, private
and social capital, and entrepreneurship’ (p.119)