As well as proving economic and quality of life benefits to citizens in developing countries, it is a major factor in improving [[rule of law]], [[accountability]], transparency, [[democracy]] and personal freedoms, by integrating the economies of developing countries with those of the west, thus leading to greater incentives to reconcile regulatory, legal and political standards, as well as encouraging the local population to accept [[responsibility]] for development of their country, through participating in an opening market and thus directly affecting the way these services are provided by exercising their consumer choice in service provision, and by making stock investments in publicly traded, rather than state monopolist utilities.
Not all Some privatization programs have been strangled by excessive state regulation that has prevented them becoming honest, successfulprivate ventures. For instance, the [[Dulles Greenway]] in Virginia has not turned a profit., <ref>Northern Virginia Transportation Alliance, [http://www.nvta.org/content.asp?sl=459&contentid=1767 Dulles Greenway]</ref> The reason may be due to excessive government regulation, or and the fact that there are so many competing the state distorts free roadways operated -market mechanisms by the State. Or it may have simply been mismanaged; failure sometimes occurs in the private sector just as it sometimes does in the public sectoroperating "free" roadways funded from taxpayers money.
Some products, such as [[national defense]], are deemed to be [[public good]]s whose production cannot be feasibly privatized. However, this is controversial. Some Many leading economists, such as [[Murray Rothbard]], hold that all government services can and should be privatized, with citizens and businesses contracting directly with private firms for protection.<ref>Rothbard, Murray. [http://mises.org/rothbard/newlibertywhole.asp For a New Liberty]</ref>
==References==
