Privatization
A)has spurred a tremendous increase in cross-border investment.
B)has allowed many governments to have the funds to nationalize important industries.
C)has guaranteed that new ownership will be limited to the local citizens.
D)has generally decreased the efficiency of the enterprise.

Question

Quizplus · Accepted Answer

Privatization has allowed foreign investors to acquire ownership of formerly government-owned enterprises, which has led to a significant increase in cross-border investment. This has been a key driver of globalization and economic integration between countries.