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HandWiki. Marketization. Encyclopedia. Available online: https://encyclopedia.pub/entry/32918 (accessed on 13 October 2026).
HandWiki. Marketization. Encyclopedia. Available at: https://encyclopedia.pub/entry/32918. Accessed October 13, 2026.
HandWiki. "Marketization" Encyclopedia, https://encyclopedia.pub/entry/32918 (accessed October 13, 2026).
HandWiki. (2022, November 04). Marketization. In Encyclopedia. https://encyclopedia.pub/entry/32918
HandWiki. "Marketization." Encyclopedia. Web. 04 November, 2022.
Marketization
Edit

Marketization or marketisation is a restructuring process that enables state enterprises to operate as market-oriented firms by changing the legal environment in which they operate. This is achieved through reduction of state subsidies, organizational restructuring of management (corporatization), decentralization and in some cases partial privatization. These steps, it is argued, will lead to the creation of a functioning market system by converting the previous state enterprises to operate under market pressures as state-owned commercial enterprises.

decentralization marketization legal environment

References

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