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The nationalization process typically involves five key steps:

  1. Policy Formulation: Governments decide to nationalize specific industries or assets, often through legislation or executive orders.
  2. Valuation: The government assesses the value of the assets to be nationalized to establish compensation for the previous owners.
  3. Compensation: Fair compensation is determined and offered to the affected entities or individuals, often subject to negotiations.
  4. Transfer of Ownership: The actual transfer of assets or operations occurs, where the government takes control over the nationalized entities.
  5. Integration and Management: The government integrates the nationalized assets into its existing structures and manages them to achieve the desired economic and social outcomes.
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2mo ago

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