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Which country/countries started privatisation of State-owned enterprises as a major State Policy?
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- U.K. under Mrs. Margaret Thatcher
- Russia in the C.I.S.
- Mexico/Argentina/Brazil
- Italy/France/Malaysia
- U.K. under Mrs. Margaret Thatcher
Correct Option: A
After entering 10 Downing Street, Thatcher introduced a series of political and economic initiatives to reverse what she perceived to be Britain’s precipitous national decline. Her political philosophy and economic policies emphasised deregulation (particularly of the financial sector), flexible labour markets, the privatisation of state-owned companies, and reducing the power and influence of trade unions.
