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Political Realism: Machiavelli Essay Preview: Political Realism: Machiavelli Report this essay PRIVATIZATION HAS BEEN LONG OVERDUE IN DEVELOPING COUNTRIES AND HAS BEEN UNAMBIGUOUSLY SUCCESSFUL. DISCUSS. 1. HISTORICAL FACTS IN PRIVATIZATION PROCESS Following the Depression, World War II and the end of colonial rule, government ownership was perceived as necessary to promote growth and ensure certain.