marketisation
Converting to commerce
Marketisation is the process of introducing market forces into sectors previously controlled by government or other non-market mechanisms.
Public services like healthcare, education, or utilities undergo marketisation when competition, pricing, and private enterprise replace state provision: The marketisation of higher education has turned students into consumers.
Also spelled marketization.
Pro-market, anti-regulation ideology
- laissez-faireNoninterference in commerce
- capitalismPrivate profit-based economy
- ThatcherismBritish free-market conservatism
- ReaganomicsSupply-side fiscal philosophy
supply-side · monetarism · commodification · deregulatory · consumerism · commercialism · profit motive · shareholder value
Transforming into sellable goods
- inequalityUnequal distribution of resources
- profiteeringExploiting scarcity for gain
- erosionGradual wearing away
- underfundingInadequate monetary allocation
social cost · cherry-picking · cream-skimming · two-tier · accountability · public interest · social good · common good
Struggle for supremacy
- pricingEstablishing monetary amounts charged
- user feesPayments for utilizing facilities
- vouchersRedeemable credit documents
- performance metricsQuantifiable measures of effectiveness
benchmarking · league tables · cost-benefit analysis · contracting · tendering · fee-for-service · bidding · auction
Returning state property to markets
- divestitureDisposal of assets
- corporatisationConverting to business structure
- public-to-privateConversion from state-owned
- asset salesSelling owned property
concessions · outsourcing · franchising · private sector · PPP · selloff · unbundling · commercialisation
Global commerce regulator
- IMFGlobal economic assistance organization
- World BankGlobal development finance institution
- cross-borderSpanning national boundaries
- multinationalOperating across multiple countries
transnational · foreign investment · capital flows · economic integration · free trade · deregulation · tariff reduction · export-oriented
Organized provision of treatment
- educationSystematic development of mind
- utilitiesEssential infrastructure services
- housingDwellings or protective covering
- pensionsOngoing payments after employment
welfare · prisons · railways · water · energy · telecommunications · postal services · social services
neoliberalism
Pro-market, anti-regulation ideology
- laissez-faireNoninterference in commerce
- capitalismPrivate profit-based economy
- ThatcherismBritish free-market conservatism
Reaganomics · supply-side · monetarism · commodification · deregulatory · consumerism · commercialism · profit motive · shareholder value
commodification
Transforming into sellable goods
- inequalityUnequal distribution of resources
- profiteeringExploiting scarcity for gain
- erosionGradual wearing away
social cost · underfunding · cherry-picking · cream-skimming · two-tier · accountability · public interest · social good · common good · enclosure
competition
Struggle for supremacy
- pricingEstablishing monetary amounts charged
- user feesPayments for utilizing facilities
- vouchersRedeemable credit documents
performance metrics · benchmarking · league tables · cost-benefit analysis · contracting · tendering · fee-for-service · bidding · auction · rationing
denationalisation
Returning state property to markets
- divestitureDisposal of assets
- corporatisationConverting to business structure
- public-to-privateConversion from state-owned
asset sales · concessions · outsourcing · franchising · private sector · PPP · selloff · unbundling · commercialisation · tendering
WTO
Global commerce regulator
- IMFGlobal economic assistance organization
- World BankGlobal development finance institution
- cross-borderSpanning national boundaries
multinational · transnational · foreign investment · capital flows · economic integration · free trade · deregulation · tariff reduction · export-oriented · trade agreements
healthcare
Organized provision of treatment
- educationSystematic development of mind
- utilitiesEssential infrastructure services
- housingDwellings or protective covering
pensions · welfare · prisons · railways · water · energy · telecommunications · postal services · social services · higher education
marketisationnationalisation
State acquisition of industry
nationalization · state ownership · public ownership · collectivisation · socialization
marketisationcentral planning
Government directs all production
planned economy · command economy · state planning · economic planning · dirigisme
marketisationdecommodification
Withdrawing from market exchange
universalism · welfarism · social democracy · communalism · mutualism
market, marketing, supermarket, markets, marketplace, marketer, marketable, flea market, stock market