Privatization And Devolution

Many of the powers that governments wielded in the past have been transferred to the private sector or local governments in recent years. These processes of privatization and devolution are occurring parallel to the process of globalization; thus, we see a shift of power from national governments towards bigger international organizations as well as smaller, local governments and private firms. The logic of this devolution is an assignment of responsibilities that are scale appropriate and correspond to core competencies of organizations. There are several dimensions of privatization and devolution with implications for biotechnology and biodiversity, which will be discussed below.

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