A study of the role and performance effectiveness of professional secretaries

Privatization is a relatively new word not until about a decade ago, it made on prominent feature in the politics and economy of many countries. It is defined as the process of changing the ownership of government companies to private ownership through the sale of the shares of such companies to individual who will manage the companies efficiently and profitably.

Originally privatization was a feature of developed nations, they adopted privatization as more of a political rather than an economic policy.

The believe was that the private sector was more effective and efficient in managing the resources. Therefore, the government decides to sell public corporation to the  private sector which with its profit oriented motive was expected to perm better n running those companies and hence contributed more to the  economic development they belief the political stand of the government in power will be strengthened and consolidated with time.

However, the economic aspect of privatization it is has dominate the political aspect ad today it is adopted as a  major economic reform policy.