voucher privatization

Voucher privatization is a process where citizens are issued vouchers—like certificates—that they can use to buy shares in formerly state-owned companies. This approach allows the general public to participate in the ownership and management of these businesses, fostering private sector growth and economic transparency. Instead of selling state enterprises directly to a few investors, vouchers distribute ownership broadly, encouraging widespread participation, reducing corruption, and promoting efficiency. It was used in countries transitioning from centralized to market economies to democratize asset ownership and accelerate economic reform.