nationalize

(năsh'ə-nə-līz', năsh'nə-)
tr.v., -ized, -iz·ing, -iz·es.

1. To convert from private to governmental ownership and control: nationalize the steel industry.
2. 1. To make national in character, scope, or notoriety: "His high profile on such issues as abortion . . . has already begun to nationalize his image" (Kenneth L. Woodward).
   2. To render distinctively national: characteristics and issues that have tended to nationalize American political life.

nationalization na'tion·al·i·za'tion (-lĭ-zā'shən) n.
nationalizer na'tion·al·iz'er n.

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verb

To place under government or group ownership or control: communalize, socialize. See politics, specific/general.

Refers to the process of a government taking control of a company or industry, which can occur for a variety of reasons. When nationalization occurs, the former owners of the companies may or may not be compensated for their loss in net worth and potential income.
 
Nationalization is most common in developing countries subject to frequent leadership and regime changes. In these instances, nationalization is often a way for a government to expand its economic resources and power.

The opposite of nationalization is privatization, when government-owned companies are spun off into the private business sector.

Investopedia Says:
In the United States, true nationalization is a rare occurrence. The last true nationalization of an industry was the government takeover of airport security after the September 11th tragedies in 2001. Prior to that, there were some selective nationalizations of savings and loan institutions in the early 1980s, as well as much of the railroad industry in the 1970s.

Many have argued that the government takeover of a number of failing companies, such as GM and AIG, has also amounted to nationalization, even though the U.S. government exerts very little control over these companies.

Related Links:
Find out how former Iron Curtain countries used private enterprise to join the world financial markets. State-Run Economies: From Public To Private
Privatization can give management more time to make money for investors, but at what cost? Why Public Companies Go Private
The key to survival for many financial institutions will be to efficiently serve a global customer base. The Globalization Of Financial Services

For a list of words related to nationalization, see:

• Economics and Economic Theory - nationalization: government assumption of control over privately owned industry

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See words rhyming with "nationalizer."

Dansk (Danish)
v. tr. - nationalisere, gøre til statseje

Nederlands (Dutch)
nationaliseren, tot staatseigendom maken, naturaliseren, tot natie maken

Français (French)
v. tr. - nationaliser

Deutsch (German)
v. - nationalisieren, verstaatlichen

Ελληνική (Greek)
v. - εθνικοποιώ, κρατικοποιώ

Italiano (Italian)
nazionalizzare

Português (Portuguese)
v. - nacionalizar, naturalizar

Русский (Russian)
национализировать

Español (Spanish)
v. tr. - nacionalizar

Svenska (Swedish)
v. - förstatliga, nationalisera, socialisera, naturalisera, göra till självständig stat

中文（简体）(Chinese (Simplified))
使归化, 使成国家, 使国有化

中文（繁體）(Chinese (Traditional))
v. tr. - 使歸化, 使成國家, 使國有化

한국어 (Korean)
v. tr. - 국민화 하다, 국유화하다

日本語 (Japanese)
v. - 国有化する, 全国的にする, 国家的にする, 独立国家とする, 帰化させる

العربيه (Arabic)
‏(فعل) يجعلهم امه, يجنس, يؤمم‏

עברית (Hebrew)
v. tr. - ‮הלאים, עשה לעם, נתן אזרחות (לזר)‬

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