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Government Privatization

Government Privatization History, Examples, and Issues Commission on Government Forecasting and Accountability 703 Stratton Office Building Springfield, Illinois 62706 October 2006 Commission on Government Forecasting and Accountability COMMISSION CO-CHAIRMEN Senator Jeffrey M. Schoenberg Representative Terry R. Parke SENATE HOUSE Don Harmon Mark H. Beaubien, Jr. Christine Radogno Frank Mautino Steven Rauschenberger Robert Molaro David Syverson Richard Myers Donne Trotter Elaine Nekritz EXECUTIVE DIRECTOR Dan R. Long DEPUTY DIRECTOR Trevor J. Clatfelter REVENUE MANAGER Jim Muschinske AUTHOR OF REPORT Benjamin L. Varner EXECUTIVE SECRETARY Donna K. Belknap TABLE OF CONTENTS Government Privatization : History Examples, and Issues PAGE Executive Summary i I.

by the sale of an airplane manufacturer (British Aerospace), a radiochemical group (Amersham International), and a freight company (National Freight Company) in 1981 and 1982. Privatization within the country continued with the selling of Britoil, British Ports, Jaguar Cars, and British Telecom in the mid-1980s. British airways, one of the

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