A Trend That Has Been Reinforced by Many Developing Countries

A trend that has been reinforced by many developing countries is privatization. Privatization refers to

A) purchasing large companies and turning them into state-owned enterprises.
B) investing government money in large, privately-owned companies.
C) exchanging bonds for shares in state-owned enterprises.
D) selling large state-owned enterprises to private owners in the financial sector.
E) selling large state-owned enterprises to private owners in key areas such as electricity, telecommunications, or petroleum.