Reforms of Public Sector Enterprises

Abstract

The term ‘liberalism’ firstly developed in the 19th century in the west. In the present day, liberalism is the widely regarded as one of the most influential modern political ideologies. The term was first used by in foreign countries with a negative connection. It was aggressively used to refer to people with radical opinion. It soon lost its negative meaning and became a respectable political label. Most people would now like to called “liberal”, which implies, “to be open minded; generous, tolerant and prepared to sacrifice self-interest for the public good. Beginning with the basic ideology of liberalism and the extent of power intervention of state in terms of economic, political control and development in recent times has made a major come back in the form of neo-liberalism to influence the future course of human development over the past two hundred years.