nationalization
government takeover of private assets
when the government takes ownership or control of a company, industry, or important asset
nationalization of [an industry/company/asset]
- The government announced the nationalization of the country's largest electricity company.
- After the financial crisis, bank nationalization was discussed as a way to protect depositors.
- Critics argued that nationalization would scare away foreign investors.
- Nationalization means the company becomes owned by the state.
- The nationalization of the railway was a major political issue.
making something national in scope
the process of making something apply to the whole country instead of only one area
nationalization of [an activity/system/issue]
- Researchers describe the nationalization of local elections, as voters increasingly focus on national party leaders.
- The nationalization of school standards made it easier to compare results across regions.
- Some historians study the nationalization of culture and identity in modern states.
- The nationalization of the curriculum created one system for all schools.
- The issue moved from local debate to nationalization across the country.
- Base: nationalization
- Plural: nationalization, nationalizations
bank nationalization
1state takeover of banks
when the government takes control or ownership of a bank
- Bank nationalization became a serious option after several major lenders nearly collapsed.
- The minister said bank nationalization would be used only as a last resort.
creeping nationalization
1gradual expansion of state control
slow, step-by-step government control of an industry or company
- Opposition leaders accused the government of creeping nationalization through new rules and subsidies.
- Business groups warned that repeated state interventions could lead to creeping nationalization of the sector.
de facto nationalization
1practical state control
when the government controls something in practice, even if it is not officially called nationalization
- The strict licensing rules amounted to de facto nationalization of the industry.
- Shareholders argued that the price controls and state appointments were a form of de facto nationalization.
nationalization without compensation
1takeover without paying owners
when the government takes private property and does not pay the owners, or does not pay enough
- The company challenged the nationalization without compensation in an international court.
- Investors feared that nationalization without compensation would damage confidence in the country.
partial nationalization
1limited state ownership takeover
when the government takes only some control or ownership, not all of it
- The rescue plan involved the partial nationalization of several struggling banks.
- Investors were less alarmed by partial nationalization than by a complete state takeover.
temporary nationalization
1short-term state takeover
when the government takes control for a short time, usually during a problem or crisis
- Some economists supported temporary nationalization until the bank was stable again.
- The proposal called for temporary nationalization of the energy supplier during the emergency.