Market and State in the globalization era. The privatizations Privatization is a vague and sometimes confusing term. It causes strong political and cultural reactions and the assessment of its effects is the object of stances which are sometimes conflicting. Considering the main different meanings the mechanisms of privatization are illustrated on the base of three general categories: (1) privatization as re-allocation of property rights; (2) privatization as downsizing the government overload; (3) privatization as re-definition of the relations between state and society: the principal of “horizontal subsidiarity” as general criterion in the sharing of competences between the public and the private sphere. Regarding the first point, t...