Nationalization: meaning, definitions and examples

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nationalization

[ ˌnæʃənəlaɪˈzeɪʃən ]

^{Context #1}

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

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}

politics

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

Synonyms

public ownership, state control

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

Word origin

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.