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Definitions
Subject to exceptions, there is an important difference in the meaning of the term "privatization" as used in the United States compared to the rest of the world. In most of the world "privatization" is equivalent to denationalization. However, in the U.S. the term typically refers to outsourcing, i.e., the performance of certain tasks by outside contractors. The distinction between denationalization and outsourcing is basic: outsourcing usually entails neither diminution in public accountability nor change in the interaction of individual citizens with their government; however, denationalization relieves government of further responsibility (Fryklund, 1994).
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