Privatization Turning government-run businesses to the private sector results in The cutting of government budget costs The creation of productive, efficient, and innovative firms offering more choice of services Funds, raised from privatization, available for use in other government projects . Opportunities for international marketers Acquire local firms at low cost Expand operations from an established base Build loW-cost manufacturing and sourcing bases Copyright 2001 by Harcourt, Inc, All rights reserved 23-15