IMPACT OF PRIVATISATION OF HEALTHCARE: A COMPARATIVE ANALYSIS BETWEEN DEVELOPED AND DEVELOPING NATIONS
AUTHOR – SMEEKSHA PANDEY*, DRISHTI KOTIAN** & RISHIKA SHARMA**,
* ASSISTANT PROFESSOR AT AMITY LAW SCHOOL, AMITY UNIVERSITY MUMBAI
** STUDENTS AT AMITY LAW SCHOOL, AMITY UNIVERSITY MUMBAI
BEST CITATION – SMEEKSHA PANDEY, DRISHTI KOTIAN & RISHIKA SHARMA, IMPACT OF PRIVATISATION OF HEALTHCARE: A COMPARATIVE ANALYSIS BETWEEN DEVELOPED AND DEVELOPING NATIONS, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (1) OF 2025, PG. 1059-1068, APIS – 3920 – 0001 & ISSN – 2583-2344.
1.1 INTRODUCTION
Privatization is the process of transferring ownership of a business or property from the government to the private sector. The term “privatization” was coined by Peter F. Drucker. [1] In his 1955 work “The Role of Government in Education,” American economist Milton Friedman established the theoretical underpinnings for the privatisation of public services and utilities. The concept of privatisation was first put out by American management Peter F. Drucker in his 1968 book The Age of Discontinuity: Guidelines to Our Changing Society; in 1969, E. S.[2] Upon studying the duties and functions of privatisation, we see that several studies characterize it as either partial or complete. The transition of an institution or organisation from the public sector to the private sector (Avgustyniak, 2010: 36; ACRP, 2012: 1; Graham, 2017: 143). Certain studies define privatisation as the transfer of partial or whole government assets to the private sector (Ramamoorthy, 1992: 225). Other authors on privatisation define it as “the transfer of productive assets to the private sector” (Parker and Kirkpatrick 2003: 50).[3]
[1] Dong, L. (2015). Privatization Theory: Inheritance of Instrumental Rationality. In: Public Administration Theories. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137536426_4
[2] Dong, L. (2015). Privatization Theory: Inheritance of Instrumental Rationality. In: Public Administration Theories. Palgrave Macmillan, New York. https://doi.org/10.1057/9781137536426_4
[3] The electronic scientifically and practical journal “Intellectualization of Logistics and Supply Chain Management”, v.24 (2024) ISSN 2708-3195.