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Keeping it in the family – nationalisation

Nationalisation has been coming back into fashion lately with the UK bank bail-outs. In other parts of the world though, it has been back in fashion for longer and the articles below look at two recent cases in Latin America: the nationalisation of the Chaco energy company and the renationalisation of Spanish-owned airline, Aerolineas Argentinas (AA).

Bolivia nationalises energy firm BBC News Online (24/1/09)
Argentina renationalises airline BBC News Online (18/12/08)

Questions

  1. Explain what is meant by nationalisation.
  2. Discuss the arguments for and against nationalising (a) an airline and (b) an energy firm.
  3. Assess why nationalisation has become more prominent in the media recently than privatisation.
  4. Discuss the arguments for and against privatisation.
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