What is privatization? A political economy framework

Julien Mercille and Enda Murphy

Environment and Planning A, 2017, vol. 49, issue 5, 1040-1059

Abstract: This paper presents a political economic framework for understanding privatization. Its claims are illustrated empirically through examples from contemporary Europe. Theoretically, it starts with the concept of accumulation by dispossession, which refers to the conversion of non-capitalist spaces and practices into the capitalist sphere. This conversion occurs through privatization, liberalization, and marketization. The paper focuses on privatization and presents a schematic that outlines four forms it can take: corporatization, outsourcing, public–private partnerships, and divestiture/asset transfer. These are located on a continuum denoting the extent of private sector involvement. The schematic is an important methodological contribution that enables comparative research on privatization across economic sectors and geographical settings. It thus improves on the accumulation by dispossession literature, which has focused largely on case studies but neglected generic frameworks.

Keywords: Accumulation by dispossession; privatization; public–private partnerships; neoliberalism; Europe (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://journals.sagepub.com/doi/10.1177/0308518X16689085 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:sae:envira:v:49:y:2017:i:5:p:1040-1059

DOI: 10.1177/0308518X16689085

Access Statistics for this article

More articles in Environment and Planning A
Bibliographic data for series maintained by SAGE Publications ().