Ferguson and Chandrasekharan include privatisation as a particular form of devolution to private ownership that has become prominent in recent times (Ferguson and Chandrasekharan).

Cuba underlined that the globalisation process had contributed to dismembering culture and development, and stressed that the privatisation of cultural productions had created instruments of manipulation.

Since 1992, the Privatisation and Enterprise Reform Unit of the OECD has been involved in a process of developing rules and policies for transition and emerging market governments in the area of legal reform, focusing on privatization, insolvency and corporate law.