Finesentence mobile logo
Sign in Login / Register

Nationalization: meaning, definitions and examples

🏭
Add to dictionary

nationalization

 

[ˌnæʃənəlaɪˈzeɪʃən ]

Definitions

Context #1 | Noun

economic policy

The act of a government taking control of a company or industry, usually with the aim of achieving social or economic goals.

Synonyms

government control, state ownership.

Which Synonym Should You Choose?

arrow down
Word Description / Examples
nationalization

Typically used in an economic or political context when a government takes control of a private industry or company.

  • The nationalization of the oil industry was a major step in the country's economic reform.
  • Following the crisis, there were calls for the nationalization of the failing banks.
state ownership

Used when referring specifically to the government owning an asset or entity, emphasizing the ownership aspect rather than the process of taking control.

  • State ownership of the railway has led to more consistent service.
  • The company’s transition to state ownership was completed last year.
government control

A broad term suitable for any scenario where the government exerts authority over an organization, project, or sector.

  • The project was placed under government control to ensure public safety.
  • There has been increased government control over the media in recent years.

Examples of usage

  • The nationalization of the oil industry led to increased government control.
  • Nationalization of the banks was seen as a way to stabilize the economy.
Context #2 | Noun

politics

The process of transferring a private business or industry to public ownership and control.

Synonyms

public ownership, state control.

Which Synonym Should You Choose?

arrow down
Word Description / Examples
nationalization

Nationalization is typically used in situations where the government takes control of a private industry or company to manage it for the public good. It often comes up in discussions about economic policy or during times of economic crisis.

  • The government's nationalization of the failing bank was seen as a necessary step to stabilize the economy.
  • Nationalization of the railroads improved their efficiency and service quality.

Examples of usage

  • The party's manifesto included plans for the nationalization of key industries.
  • Opposition to nationalization of the railways was strong.

Translations

Translations of the word "nationalization" in other languages:

🇵🇹 nacionalização

🇮🇳 राष्ट्रीयकरण

🇩🇪 Verstaatlichung

🇮🇩 nasionalisasi

🇺🇦 націоналізація

🇵🇱 nacjonalizacja

🇯🇵 国有化

🇫🇷 nationalisation

🇪🇸 nacionalización

🇹🇷 kamulaştırma

🇰🇷 국유화

🇸🇦 تأميم

🇨🇿 znárodnění

🇸🇰 znárodnenie

🇨🇳 国有化

🇸🇮 nacionalizacija

🇮🇸 þjóðnýting

🇰🇿 ұлттандыру

🇬🇪 გადაცემა

🇦🇿 milliləşdirmə

🇲🇽 nacionalización

Etymology

The concept of nationalization has its roots in the early 20th century, when governments began to take control of key industries such as railways, utilities, and natural resources. The practice became more widespread during periods of economic crisis or social change, as a means of redistributing wealth and power. Nationalization has been a subject of debate, with proponents arguing for increased social welfare and economic stability, while opponents raise concerns about government inefficiency and lack of competition.

See also: international, multinational, national, nationalism, nationalist, nationalistic, nationality, nationalize, nationally, nationals, nationwide, transnational.

Word Frequency Rank

With rank #17,031, this word belongs to specialized vocabulary. While not common in everyday speech, it enriches your ability to express complex ideas.