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72-510: Ramot Menashe is located in the Menashe Heights , after which the kibbutz is named. The kibbutz is surrounded by open terrain, mostly agricultural lands worked by members of the kibbutz. The main traffic routes connecting the kibbutz to its surroundings are Highway 6 and Route 672 . According to Benny Morris , the kibbutz is located on land close to Daliyat al-Rawha' , a depopulated Palestinian village, while Walid Khalidi notes that

144-435: A "People's Inquiry into Privatisation" (2016/17) found that the impact of privatisation on communities was negative. The report from the inquiry "Taking Back Control" made a range of recommendations to provide accountability and transparency in the process. The report highlighted privatisation in healthcare, aged care, child care, social services, government departments, electricity, prisons and vocational education featuring

216-414: A form of a secured loan and are criticized as a "particularly noxious form of governmental debt". In this interpretation, the upfront payment from the privatization sale corresponds to the principal amount of the loan, while the proceeds from the underlying asset correspond to secured interest payments—the transaction can be considered substantively the same as a secured loan, though it is structured as

288-749: A more cautious and nuanced evaluation of privatization" and that "private ownership alone is no longer argued to automatically generate economic gains in developing economies". According to a 2008 study published in Annals of Public and Cooperative Economics , liberalization and privatization have produced mixed results. Although typically there are many costs associated with these efficiency gains, many economists argue that these can be dealt with by appropriate government support through redistribution and perhaps retraining . Yet, some empirical literature suggests that privatization could also have very modest effects on efficiency and quite regressive distributive impact. In

360-479: A natural and inevitable societal correction emerges to undermine the contradictions of capitalism. This was the case in the 2000 Cochabamba protests . Privatization in Latin America has invariably experienced increasing push-back from the public. Mary Shirley from The Ronald Coase Institute suggests that implementing a less efficient but more politically mindful approach could be more sustainable. In India,

432-549: A sale. This interpretation is particularly argued to apply to recent municipal transactions in the United States, particularly for fixed term, such as the 2008 sale of the proceeds from Chicago parking meters for 75 years. It is argued that this is motivated by "politicians' desires to borrow money surreptitiously", due to legal restrictions on and political resistance to alternative sources of revenue, viz, raising taxes or issuing debt. Privatization had different outcomes around

504-568: A ship in La Spezia , Italy along with 1,400 other Jewish holocaust survivors, but the British discovered the ship and prevented it from sailing. The citizens of La Spezia sent food and aid to the ship and put pressure on the British to allow the ship to sail to Palestine , and eventually the British allowed the ship to sail. On 18 May 1946, the members arrived in Palestine. Despite their desire to settle in

576-473: A specialist in ancient history, posits that economic inequality and wealth concentration in the top percentile "had been made possible by the transfer of state assets to private owners." In Latin America, on the one hand, according to John Nellis's research for Center for Global Development , economic indicators, including firm profitability, productivity, and growth, project positive microeconomic results. On

648-608: A stock market with high capital. Voucher privatization occurred mainly in the transition economies in Central and Eastern Europe, such as Russia , Poland , the Czech Republic , and Slovakia . Additionally, privatization from below had made important contribution to economic growth in transition economies. In one study assimilating some of the literature on "privatization" that occurred in Russian and Czech Republic transition economies,

720-704: A survey by the National Commission for Protection of Child Rights (NCPCR) – Utilization of Free Medical Services by Children Belonging to the Economically Weaker Section (EWS) in Private Hospitals in New Delhi, 2011–12: A Rapid Appraisal – indicates under-utilization of the free beds available for EWS category in private hospitals in Delhi, though they were allotted land at subsidized rates. In Australia

792-412: A transition to "effective private sector owners [of former] state assets". Rather than mainly participating in a market economy, these individuals could prefer elevating their personal status or prefer accumulating political power. Instead, outside foreign investment led to the efficient conduct of former state assets in the private sector and market economy. Through privatization by direct asset sale or

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864-513: Is a geographical region in northern Israel , located on the Carmel Range, between Mount Carmel and Mount Amir / Umm al-Fahm . The hill country of Manasseh or Manasseh hill country, sometimes fully capitalised, is named for its location within the allotment of the biblical Tribe of Manasseh , itself named after its biblical forefather, Manasseh or Manasses . During the Ottoman Period ,

936-618: Is bordered by the Jezreel Valley to the northeast, Wadi Milh (the Yokne'am Stream ) to the northwest, Wadi Ara to the southeast, and the Nadiv Valley to the southwest. The Manasseh Hill Country , known in Hebrew as Ramot Menashe, was officially added to UNESCO 's World Network of Biosphere Reserves in 2011. The region was credited with encompassing "a mosaic of ecological systems that represent

1008-448: Is influenced by the capital market and the political and firm-specific factors. Privatization through the stock market is more likely to be the method used when there is an established capital market capable of absorbing the shares. A market with high liquidity can facilitate the privatization. If the capital markets are insufficiently developed, however, it would be difficult to find enough buyers. The shares may have to be underpriced, and

1080-577: Is more prevalent in non-privatized sectors. Furthermore, according to the World Bank extralegal and unofficial activities are more prevalent in countries that privatized less. Other research suggests that privatization in Russia resulted in a dramatic rise in the level of economic inequality and a collapse in GDP and industrial output. Russian President Boris Yeltsin 's IMF -backed rapid privatization schemes saw half

1152-524: The 2011 revolution , most of the public began to call for re-nationalization, citing allegations of the privatized firms practicing crony capitalism under the old regime. There are various reasons why a government may decide to privatize; commonly due to economic reasons. The economic factors that influence a government's decision to privatize assume this will lower government debt. Studies have shown that governments are more likely to privatise with higher public debt, typically because governments do not have

1224-524: The Conservative government of Margaret Thatcher when many state-run firms were sold off to the private sector. The privatization received very mixed views from the public and the parliament. Even former Conservative prime minister Harold Macmillan was critical of the policy, likening it to "selling the family silver". There were around 3 million shareholders in Britain when Thatcher took office in 1979 , but

1296-567: The European Commission argues that privatisation in Europe had mixed effects on service quality and has achieved only minor productivity gains, driven mainly by lower labour input combined with other cost cutting strategies that led to a deterioration of employment and working conditions. Meanwhile, a different study by the commission found that the UK rail network (which was privatized from 1994 to 1997)

1368-604: The Revolutions of 1989 introduced non-communist governments. Freedom House's privatization index, 1998 and 2002 Freedom House 's privatization index rated transition countries from 1 (maximum progress) to 7 (no progress). The table below shows the privatization index for various Eastern European countries in 1998 and 2002: The largest public shares offering in France involved France Télécom . Egypt undertook widespread privatization under Hosni Mubarak . Following his overthrow in

1440-401: The demutualization of a mutual organization , cooperative , or public-private partnership in order to form a joint-stock company . Separately, privatization can refer to the purchase of all outstanding shares of a publicly traded company by private equity investors, which is more often called "going private" . Before and after this process the company is privately owned, but after

1512-667: The private sector , and the women in the public sector are more likely to be unionized than those in the private sector. In Chile, women are disproportionately affected by the privatization of the pension system because factors such as "women's longer life expectancy, earlier retirement age, and lower rates of labor-force participation, lower salaries" affect their ability to accumulate funds for retirement which leads to lower pensions. Low-income women face an even greater burden; Anjela Taneja, of Oxfam India says "The privatization of public services...implies limited or no access to essential services for women living in poverty, who are often

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1584-521: The 1990s, the kibbutz underwent a series of privatizations and reforms, including the cancellation of equal salaries and the reducing of the collective structure to a social safety net . The kibbutz owns part of the Arad Ltd. company which manufactures water-meters in a factory located in the kibbutz. The company is run by the kibbutz in partnership with Kibbutz Dalia (the company is based in Dalia). In 2004,

1656-932: The Mediterranean Basin's version of the global evergreen sclerophyllous forests, woodlands and scrub ecosystem types." A 2,500 ha tract of agricultural country with oak trees, on the western slopes of Mount Carmel, some 5 km from the coast, has been recognised as an Important Bird Area (IBA) by BirdLife International because it supports a population of lesser kestrels , with some 40 breeding pairs estimated in 1991. Localities in Ramot Menashe include 32°35′N 35°8′E  /  32.583°N 35.133°E  / 32.583; 35.133 Privatization Privatization (rendered privatisation in British English ) can mean several different things, most commonly referring to moving something from

1728-607: The Menashe Hills formed part of Turabay Emirate (1517-1683), which encompassed also the Jezreel Valley , Haifa , Jenin , Beit She'an Valley , Mount Carmel , northern Jabal Nablus , and the northern part of the Sharon plain . During the late Ottoman period, the largest dispersal in the Mannaseh Hills was of people from Egypt , with another significant group being those from Hebron (Khalilia). These migrants likely settled in

1800-676: The Nazi Party." Great Britain privatized its steel industry in the 1950s, and the West German government embarked on large-scale privatization, including sale of the majority stake in Volkswagen to small investors in public share offerings in 1961. However, it was in the 1980s under Margaret Thatcher in the United Kingdom and Ronald Reagan in the United States that privatization gained worldwide momentum. Notable privatization attempts in

1872-581: The Negev, they were sent to Ein HaShofet and Dalia for training and on 29 July 1948, they settled as a kibbutz, numbering 64 members. The kibbutz served as a military outpost during the 1948 Arab–Israeli War , and after the war, the members moved to a nearby location. They started clearing the land and planting trees. Living conditions were harsh during the early days, when the members lived in barracks and tents, disconnected from water and electricity. In November 1948,

1944-595: The Russian population fall into destitution in just several years as unemployment climbed to double digits by the early to mid 1990s. A 2009 study published in The Lancet medical journal has found that as many as a million working men died as a result of economic shocks associated with mass privatization in the former Soviet Union and in Eastern Europe during the 1990s, although a further study suggested that there were errors in their method and "correlations reported in

2016-672: The Taoist clergy that a strong ruler was virtually invisible. During the Renaissance , most of Europe was still by and large following the feudal economic model. By contrast, the Ming dynasty in China began once more to practice privatization, especially with regards to their manufacturing industries. This was a reversal of the earlier Song dynasty policies, which had themselves overturned earlier policies in favor of more rigorous state control. In Britain,

2088-406: The UK included privatization of Britoil (1982), the radioactive-chemicals company Amersham International (1982), British Telecom (1984), Sealink ferries (1984), British Petroleum (gradually privatized between 1979 and 1987), British Aerospace (1985 to 1987), British Gas (1986), Rolls-Royce (1987), Rover Group (formerly British Leyland , 1988), British Steel Corporation (1988), and

2160-407: The area following the withdrawal of Ibrahim Pasha 's forces and sustained themselves through vassalship in the local effendi communities or by residing in temporary or seasonal hamlets. Despite this immigration, the area was not very populated. While Manasseh hill country (Ramat Menashe) is part of the mountain range, it is just 200 m above sea level on average, and peaks at 400 m. The plateau

2232-600: The assumption that foreign investment would play a major role. In post- reunification East Germany, by the end of June 1992, the Treuhandanstalt had privatized 8,175 companies, with 5,950 left on hand (4,340 remaining to be sold and the remainder to be liquidated). June 1992 was also when the last East German on the board of the Treuhand left. By the end of 1994, Treuhand had sold almost everything, having only 65 firms left to privatize as of December 1994. More than 80% of

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2304-445: The authors identified three methods of privatization: "privatization by sale", "mass privatization", and "mixed privatization". Their calculations showed that "mass privatization" was the most effective method. However, in economies "characterized by shortages" and maintained by the state bureaucracy, wealth was accumulated and concentrated by "gray/black market" operators. Privatizing industries by sale to these individuals did not mean

2376-580: The buyout its shares are withdrawn from being traded at a public stock exchange . The term privatizing first appeared in English, with quotation marks, in the New York Times , in April 1923, in a translation of a German speech referring to the potential for German state railroads to be bought by American companies. In German, the word Privatisierung has been used since at least the 19th century. Ultimately,

2448-541: The company was issued in the Tel Aviv Stock Exchange . The company owns several other minor companies under the "Arad Group". The Kibbutz operates 32 rooms for vacation rental . The kibbutz used to operate a night club called The Terminal which attracted people from all over the surrounding region. In 2010, the club was closed and a similar club, bearing the same name was built near the Krayot , with no connection to

2520-781: The context of the privatization of services or government functions, where private entities are tasked with the implementation of government programs or the performance of government services. Gillian E. Metzger has written that: "Private entities [in the US] provide a vast array of social services for the government; administer core aspects of government programs; and perform tasks that appear quintessentially governmental, such as promulgating standards or regulating third-party activities." Metzger mentions an expansion of privatization that includes health and welfare programs, public education, and prisons. The history of privatization dates from Ancient Greece , when governments contracted out almost everything to

2592-503: The cost of bureaucracy was one of the reasons for the fall of the Roman Empire . Perhaps one of the first ideological movements towards privatization came during China 's golden age of the Han dynasty . Taoism came into prominence for the first time at a state level, and it advocated the laissez-faire principle of Wu wei (無為), literally meaning "do nothing". The rulers were counseled by

2664-696: The countries suggest that a large segment of the public is dissatisfied with or have negative views of privatization in the region. In the 1990s, the governments in Eastern and Central Europe engaged in extensive privatization of state-owned enterprises in Eastern and Central Europe and Russia, with assistance from the World Bank , the U.S. Agency for International Development, the German Treuhand , and other governmental and non-governmental organization . Nippon Telegraph and Telephone 's privatization in 1987 involved

2736-414: The early 2000s, the kibbutz built a new neighborhood of 138 households. The residents of the neighborhood are not members of the kibbutz, but enjoy the kibbutz's community services. Thus, the kibbutz reached the limit of households per Israel's National Outline Plan no. 35, which limits the maximum number of households in the kibbutz to 400 until 2020. In 2011, during the nationwide social justice protest ,

2808-451: The end of one season was relegated to the second division north, where it plays to this day. Menashe Heights The Manasseh Hills or hill country of Manasseh , directly derived from Hebrew: Menashe Heights ( Hebrew : רָמוֹת מְנַשֶּׁה , romanized :  Ramot Menashe , lit.   'Manasseh Heights'), called Bilad ar-Ruha in Arabic , meaning "Land of Winds",

2880-708: The first attempt at a social welfare analysis of the British privatization program under the Conservative governments of Margaret Thatcher and John Major during the 1980s and 1990s, Massimo Florio points to the absence of any productivity shock resulting strictly from ownership change. Instead, the impact on the previously nationalized companies of the UK productivity leap under the Conservatives varied in different industries. In some cases, it occurred prior to privatization, and in other cases, it occurred upon privatization or several years afterward. A 2012 study published by

2952-435: The kibbutz adopted the name "Ramot Menashe". During the early years, the kibbutz absorbed several gar'ins of Hashomer Hatzair from South America . In 1950, the kibbutz absorbed a group 95 Hashomer Hatzair members from Chile and Uruguay . In 1955, another group of 23 Uruguayan immigrants arrived, and in 1962 another 31 members of a youth group called "Eshet". In the 1980s, the kibbutz entered an economic crisis as part of

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3024-575: The kibbutz. The kibbutz has a football team called Hapoel Ramot Menashe Megiddo F.C. (originally named Hapoel Eyal Ramot Menashe after kibbutz member Eyal Shapira). It represents all the settlements of the Megiddo Regional Council and plays in the Second Division (Northern Second District). The pitch is located within the boundaries of Kibbutz Ramot Menashe. The team has been coached by kibbutz member Shlomo Liran for more than 30 years, and

3096-473: The kibbutz. Until the 1980s, Ramot Menashe's economy was based on agriculture: crops, plantations, cotton and livestock. In parallel, an effort was made to develop industrial activity, which led to the establishment of the Arad factory. The social structure was collective, where all members received the same salary for different roles and the kibbutz owned most of the property and businesses. After an economic crisis in

3168-518: The land of Ramot Menashe actually belonged to the former village of Sabbarin . In 1946, a gar'in of the Hashomer Hatzair movement, made up of Holocaust survivors and Jewish insurgents from Austria and Poland was established. The gar'in was named "Bone HaNegev" ( builders of the Negev ) and the members planned to build a settlement in the Negev . In April 1946, the members of the gar'in boarded

3240-479: The largest share offering in financial history at the time. 15 of the world's 20 largest public share offerings have been privatizations of telecoms. In 1988, the perestroika policy of Mikhail Gorbachev started allowing privatization of the centrally planned economy. Large privatization of the Soviet economy occurred over the next few years as the country dissolved . Other Eastern Bloc countries followed suit after

3312-428: The members of the kibbutz demanded that the government will release land around the kibbutz for its expansion. The main motive was to allow previous members of the kibbutz to return and build their homes in it. The main source of Ramot Menashe's profits comes from industrial activity, while some agricultural sectors are active, such as cowsheds, Avocado groves and field crops. Tourism and entertainment also developed in

3384-400: The middle of the 1930s. The firms belonged to a wide range of sectors: steel, mining, banking, local public utilities, shipyard, ship-lines, railways, etc. In addition to this, delivery of some public services produced by public administrations prior to the 1930s, especially social services and services related to work, was transferred to the private sector, mainly to several organizations within

3456-464: The more competitive the industry, the greater the improvement in output, profitability, and efficiency. Such efficiency gains mean a one-off increase in GDP , but through improved incentives to innovate and reduce costs also tend to raise the rate of economic growth . More recent research and literature review performed by Professor Saul Estrin and Adeline Pelletier concluded that "the literature now reflects

3528-402: The national bank stock crisis . The economic crisis ended in the 1990s, when a strict recovery plan was activated: unprofitable economic sectors were closed, some of the kibbutz's assets were sold to private hands, the community budget was cut and a gradual process of privatization took place. The kibbutz switched the traditional collective structure and moved to a " safety net " structure. In

3600-408: The needed time to wait for a return. Another economic factor that influences this area is the resulting efficiency of SOEs once privatised. Commonly, governments aren’t able to provide the required investments required to ensure profitability for various reasons. These factors may lead to a government deciding to privatize. There are several main methods of privatization: The choice of sale method

3672-446: The ones more in need of these services." The increase in privatization since the 1980s has been a factor in rising income and wealth inequality in the United States. Due to low levels of native capital accumulation in the former Central and Eastern Europe, the rapid privatization preferred by international institutions ( EBRD , IMF , World Bank ) and other foreign banks was a de facto call for international bidding, reflecting

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3744-678: The original article are simply not robust." A subsequent body of scholarship, while still controversial, demonstrates that rapid privatization schemes associated with neoliberal economic reforms did result in poorer health outcomes in former Eastern Bloc countries during the transition to markets economies, with the World Health Organization contributing to the debate by stating "IMF economic reform programs are associated with significantly worsened tuberculosis incidence, prevalence, and mortality rates in post-communist Eastern European and former Soviet countries." Historian Walter Scheidel ,

3816-430: The other hand, however, privatisation has been largely met with a negative criticism and citizen coalitions. This neoliberal criticism highlights the ongoing conflict between varying visions of economic development. Karl Polanyi emphasizes the societal concerns of self-regulating markets through a concept known as a "double movement". In essence, whenever societies move towards increasingly unrestrained, free-market rule,

3888-593: The private sector. In the Roman Republic private individuals and companies performed the majority of services including tax collection ( tax farming ), army supplies ( military contractors ), religious sacrifices and construction. However, the Roman Empire also created state-owned enterprises —for example, much of the grain was eventually produced on estates owned by the Emperor. David Parker and David S. Saal suggest that

3960-459: The private sector. In the 1990s, privatization revenue from 18 Latin American countries totaled 6% of gross domestic product. Private investment in infrastructure from 1990 and 2001 reached $ 360.5 billion, $ 150 billion more than in the next emerging economy. While economists generally give favorable evaluations of the impact of privatization in Latin America, opinion polls and public protests across

4032-840: The privatization of common lands is referred to as enclosure (in Scotland as the Lowland Clearances and the Highland Clearances ). Significant privatizations of this nature occurred from 1760 to 1820, preceding the Industrial Revolution in that country. The first mass privatization of state property occurred in Nazi Germany between 1933 and 1937: "It is a fact that the government of the National Socialist Party sold off public ownership in several state-owned firms in

4104-575: The privatized businesses were bought by foreigners (chiefly West Germans – 75%). Romania's first privatization took place on 3 August 1992. There was "very little" privatization during 1992: only 22 state-owned enterprises were privatized. The pace picked up throughout the following year, with more than 260 companies privatized. Four of the 22 enterprises privatized in 1992 were sold to foreign investors. In 1993, 265 companies were privatized, followed by 604 in 1994. Two companies were sold to foreign investors during this period, one each in 1993 and 1994. At

4176-448: The public sector into the private sector. It is also sometimes used as a synonym for deregulation when a heavily regulated private company or industry becomes less regulated. Government functions and services may also be privatised (which may also be known as "franchising" or "out-sourcing"); in this case, private entities are tasked with the implementation of government programs or performance of government services that had previously been

4248-465: The purview of state-run agencies. Some examples include revenue collection, law enforcement , water supply , and prison management . Another definition is that privatization is the sale of a state-owned enterprise or municipally owned corporation to private investors; in this case shares may be traded in the public market for the first time, or for the first time since an enterprise's previous nationalization . This type of privatization can include

4320-428: The regional water authorities (mostly in 1989). After 1979, council house tenants in the UK were given the right to buy their homes (at a heavily discounted rate). One million purchased their residences by 1986. Such efforts culminated in 1993 when British Rail was privatized under Thatcher's successor, John Major . British Rail had been formed by prior nationalization of private rail companies. The privatization

4392-425: The sale of the state-owned companies. Those with political connections unfairly gained large wealth, which has discredited privatization in these regions. While media have widely reported the grand corruption that accompanied those sales, according to research released by the World Bank there has been increased operating efficiency, daily petty corruption is, or would be, larger without privatization, and that corruption

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4464-500: The sales may not raise as much capital as would be justified by the fair value of the company being privatized. Many governments, therefore, elect for listings in more sophisticated markets, for example, Euronext , and the London , New York and Hong Kong stock exchanges. Governments in developing countries and transition countries more often resort to direct asset sales to a few investors, partly because those countries do not yet have

4536-411: The stock market, bidders compete to offer higher prices, generating more revenue for the state. Voucher privatization, on the other hand, could represent a genuine transfer of assets to the general population, creating a sense of participation and inclusion. A market could be created if the government permits transfer of vouchers among voucher holders. Some privatization transactions can be interpreted as

4608-434: The subsequent sale of state-run firms saw the number of shareholders double by 1985. By the time of her resignation in 1990, there were more than 10 million shareholders in Britain. Privatization in Latin America was extensive in the 1980s and 1990s, as a result of a Western liberal economic policy. Companies providing public services such as water management , transportation, and telecommunications were rapidly sold off to

4680-401: The team currently has four members from the kibbutz. The pitch is known by the members of the kibbutz " Eucalyptus Stadium" due to the trees surrounding it. In 2011 a stand was built for the group's fans and in 2015 roofing work was completed with a new roof. The team's highest achievement was in 2009/10, when the team qualified for the first division in its history for the first division and at

4752-402: The voices of workers, community members and academics. Some reports show that the results of privatization are experienced differently between men and women for numerous reasons: when public services are privatized women are expected to take on the health and social care of dependents , women have less access to privatized goods, public sector employs a larger proportion of women than does

4824-520: The word came to German through French from the Latin privatus . The term reprivatization , again translated directly from German ( Reprivatisierung ), was used frequently in the mid-1930s as The Economist reported on Nazi Germany's sale of nationalized banks back to public shareholders following the 1931 economic crisis. The word became common in the late 1970s and early 1980s as part of UK prime minister Margaret Thatcher's economic policies . She

4896-551: The world. Results of privatization may vary depending on the privatization model employed. According to Irwin Stelzer , "it is somewhere between difficult and impossible to separate the effects of privatisation from the effects of such things as trends in the economy". According to research performed by the World Bank and William L. Megginson in the early 2000s, privatization in competitive industries with well-informed consumers, consistently improved efficiency. According to APEC ,

4968-481: Was always private, but heavily regulated, which becomes less regulated through a process of deregulation . The term may also be used descriptively for something that has always been private, but could be public in other jurisdictions. There are also private entities that may perform public functions. These entities could also be described as privatized. Privatization may mean the government sells state-owned businesses to private interests, but it may also be discussed in

5040-410: Was controversial, and its impact is still debated today , as doubling of passenger numbers and investment was balanced by an increase in rail subsidy . This has been reverted by the same party in Britain in the early 2020s with the state-owned Great British Railways . The United Kingdom's largest public share offerings were privatizations of British Telecom and British Gas during the 1980s under

5112-497: Was drawing on the work of the pro-privatization Member of Parliament David Howell , who was himself drawing on the Austrian-American management expert Peter Drucker 's 1969 book, The Age of Discontinuity . The word privatization may mean different things depending on the context in which it is used. It can mean moving something from the public sphere into the private sphere, but it may also be used to describe something that

5184-609: Was most improved out of all the 27 EU nations from 1997 to 2012. The report examined a range of 14 different factors and the UK came top in four of the factors, second and third in another two and fourth in three, coming top overall. Nonetheless, the impact of the privatisation of British Rail has been the subject of much debate, with the stated benefits including improved customer service, and more investment; and stated drawbacks including higher fares, lower punctuality and increased rail subsidies. Privatizations in Russia and Latin America were accompanied by large-scale corruption during

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