to maintain services, absorb

the profits. Companies can walk away or demand renegotiations, while governments are left to maintain services, absorb long-term revenue losses, and burden the public with higher costs. As Chicago’s experience shows, privatization has extended beyond domestic markets to become an international phenomenon. Starting in the 1980s, the International Monetary Fund (IMF) and World Bank reforms encouraged the privatization of public infrastructure to attract investment, leading to its internationalization. “A 2006 study by the Norwegian government of IMF conditionality revealed that 23 out of 40 poor countries still have privatization and liberalization conditions attached to their IMF loans,” stated an Oxfam Briefing Paper. สล็อต เว็บตรง