id	sid	tid	token	lemma	pos
ajbmeb-2596	1	1	american	american	PROPN
ajbmeb-2596	1	2	journal	journal	PROPN
ajbmeb-2596	1	3	of	of	ADP
ajbmeb-2596	1	4	business	business	NOUN
ajbmeb-2596	1	5	management	management	NOUN
ajbmeb-2596	1	6	,	,	PUNCT
ajbmeb-2596	1	7	economics	economic	NOUN
ajbmeb-2596	1	8	and	and	CCONJ
ajbmeb-2596	1	9	banking	banking	NOUN
ajbmeb-2596	1	10	issn	issn	PROPN
ajbmeb-2596	1	11	(	(	PUNCT
ajbmeb-2596	1	12	e	e	NOUN
ajbmeb-2596	1	13	):	):	PUNCT
ajbmeb-2596	1	14	2832	2832	NUM
ajbmeb-2596	1	15	-	-	SYM
ajbmeb-2596	1	16	8078	8078	NUM
ajbmeb-2596	1	17	volume	volume	NOUN
ajbmeb-2596	1	18	37	37	NUM
ajbmeb-2596	1	19	,	,	PUNCT
ajbmeb-2596	1	20	june	june	PROPN
ajbmeb-2596	1	21	2025	2025	NUM
ajbmeb-2596	1	22	p	p	NOUN
ajbmeb-2596	1	23	a	a	DET
ajbmeb-2596	1	24	g	g	NOUN
ajbmeb-2596	1	25	e	e	NOUN
ajbmeb-2596	1	26	|	|	ADV
ajbmeb-2596	1	27	119	119	NUM
ajbmeb-2596	1	28	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-2596	1	29	privatization	privatization	NOUN
ajbmeb-2596	1	30	of	of	ADP
ajbmeb-2596	1	31	state	state	NOUN
ajbmeb-2596	1	32	property	property	NOUN
ajbmeb-2596	1	33	:	:	PUNCT
ajbmeb-2596	1	34	romania	romania	PROPN
ajbmeb-2596	1	35	's	's	PART
ajbmeb-2596	1	36	experience	experience	NOUN
ajbmeb-2596	1	37	and	and	CCONJ
ajbmeb-2596	1	38	its	its	PRON
ajbmeb-2596	1	39	application	application	NOUN
ajbmeb-2596	1	40	opportunities	opportunity	NOUN
ajbmeb-2596	1	41	in	in	ADP
ajbmeb-2596	1	42	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	1	43	chinkulov	chinkulov	PROPN
ajbmeb-2596	1	44	kakhramon	kakhramon	PROPN
ajbmeb-2596	1	45	ravshanovich	ravshanovich	ADJ
ajbmeb-2596	1	46	associate	associate	PROPN
ajbmeb-2596	1	47	professor	professor	NOUN
ajbmeb-2596	1	48	,	,	PUNCT
ajbmeb-2596	1	49	phd	phd	PROPN
ajbmeb-2596	1	50	.	.	PUNCT
ajbmeb-2596	2	1	tashkent	tashkent	PROPN
ajbmeb-2596	2	2	state	state	PROPN
ajbmeb-2596	2	3	economic	economic	PROPN
ajbmeb-2596	2	4	university	university	PROPN
ajbmeb-2596	2	5	g	g	NOUN
ajbmeb-2596	2	6	-	-	PUNCT
ajbmeb-2596	2	7	mail	mail	NOUN
ajbmeb-2596	2	8	:	:	PUNCT
ajbmeb-2596	2	9	kakhramonchinkulov@gmail.com	kakhramonchinkulov@gmail.com	X
ajbmeb-2596	2	10	.	.	PUNCT
ajbmeb-2596	3	1	orcid	orcid	NOUN
ajbmeb-2596	3	2	:	:	PUNCT
ajbmeb-2596	3	3	0000	0000	NUM
ajbmeb-2596	3	4	-	-	PUNCT
ajbmeb-2596	3	5	0002	0002	NUM
ajbmeb-2596	3	6	-	-	PUNCT
ajbmeb-2596	3	7	0340	0340	NUM
ajbmeb-2596	3	8	-	-	SYM
ajbmeb-2596	3	9	6255	6255	NUM
ajbmeb-2596	3	10	a	a	DET
ajbmeb-2596	3	11	b	b	PROPN
ajbmeb-2596	3	12	s	s	ADP
ajbmeb-2596	3	13	t	t	PROPN
ajbmeb-2596	3	14	r	r	NOUN
ajbmeb-2596	3	15	a	a	DET
ajbmeb-2596	3	16	c	c	NOUN
ajbmeb-2596	3	17	t	t	NOUN
ajbmeb-2596	3	18	k	k	X
ajbmeb-2596	3	19	e	e	PROPN
ajbmeb-2596	3	20	y	y	PROPN
ajbmeb-2596	3	21	w	w	NOUN
ajbmeb-2596	4	1	o	o	NOUN
ajbmeb-2596	4	2	r	r	NOUN
ajbmeb-2596	4	3	d	d	X
ajbmeb-2596	4	4	s	s	AUX
ajbmeb-2596	4	5	the	the	DET
ajbmeb-2596	4	6	article	article	NOUN
ajbmeb-2596	4	7	analyzes	analyze	VERB
ajbmeb-2596	4	8	the	the	DET
ajbmeb-2596	4	9	experience	experience	NOUN
ajbmeb-2596	4	10	of	of	ADP
ajbmeb-2596	4	11	implementing	implement	VERB
ajbmeb-2596	4	12	an	an	DET
ajbmeb-2596	4	13	effective	effective	ADJ
ajbmeb-2596	4	14	model	model	NOUN
ajbmeb-2596	4	15	of	of	ADP
ajbmeb-2596	4	16	state	state	NOUN
ajbmeb-2596	4	17	property	property	NOUN
ajbmeb-2596	4	18	privatization	privatization	NOUN
ajbmeb-2596	4	19	in	in	ADP
ajbmeb-2596	4	20	romania	romania	PROPN
ajbmeb-2596	4	21	—	—	PUNCT
ajbmeb-2596	4	22	the	the	DET
ajbmeb-2596	4	23	investment	investment	NOUN
ajbmeb-2596	4	24	fund	fund	NOUN
ajbmeb-2596	4	25	"	"	PUNCT
ajbmeb-2596	4	26	fondul	fondul	PROPN
ajbmeb-2596	4	27	proprietatea	proprietatea	NOUN
ajbmeb-2596	4	28	.	.	PUNCT
ajbmeb-2596	4	29	"	"	PUNCT
ajbmeb-2596	5	1	it	it	PRON
ajbmeb-2596	5	2	examines	examine	VERB
ajbmeb-2596	5	3	approaches	approach	NOUN
ajbmeb-2596	5	4	to	to	ADP
ajbmeb-2596	5	5	enterprise	enterprise	NOUN
ajbmeb-2596	5	6	transformation	transformation	NOUN
ajbmeb-2596	5	7	,	,	PUNCT
ajbmeb-2596	5	8	opening	open	VERB
ajbmeb-2596	5	9	them	they	PRON
ajbmeb-2596	5	10	to	to	ADP
ajbmeb-2596	5	11	international	international	ADJ
ajbmeb-2596	5	12	investors	investor	NOUN
ajbmeb-2596	5	13	through	through	ADP
ajbmeb-2596	5	14	the	the	DET
ajbmeb-2596	5	15	fund	fund	NOUN
ajbmeb-2596	5	16	,	,	PUNCT
ajbmeb-2596	5	17	and	and	CCONJ
ajbmeb-2596	5	18	attracting	attract	VERB
ajbmeb-2596	5	19	capital	capital	NOUN
ajbmeb-2596	5	20	via	via	ADP
ajbmeb-2596	5	21	ipo	ipo	PROPN
ajbmeb-2596	5	22	and	and	CCONJ
ajbmeb-2596	5	23	spo	spo	PROPN
ajbmeb-2596	5	24	mechanisms	mechanism	NOUN
ajbmeb-2596	5	25	.	.	PUNCT
ajbmeb-2596	6	1	furthermore	furthermore	ADV
ajbmeb-2596	6	2	,	,	PUNCT
ajbmeb-2596	6	3	a	a	DET
ajbmeb-2596	6	4	comparison	comparison	NOUN
ajbmeb-2596	6	5	is	be	AUX
ajbmeb-2596	6	6	made	make	VERB
ajbmeb-2596	6	7	with	with	ADP
ajbmeb-2596	6	8	the	the	DET
ajbmeb-2596	6	9	activities	activity	NOUN
ajbmeb-2596	6	10	of	of	ADP
ajbmeb-2596	6	11	the	the	DET
ajbmeb-2596	6	12	"	"	PUNCT
ajbmeb-2596	6	13	national	national	ADJ
ajbmeb-2596	6	14	investment	investment	NOUN
ajbmeb-2596	6	15	fund	fund	NOUN
ajbmeb-2596	6	16	"	"	PUNCT
ajbmeb-2596	6	17	established	establish	VERB
ajbmeb-2596	6	18	in	in	ADP
ajbmeb-2596	6	19	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	6	20	,	,	PUNCT
ajbmeb-2596	6	21	and	and	CCONJ
ajbmeb-2596	6	22	scientific	scientific	ADJ
ajbmeb-2596	6	23	-	-	PUNCT
ajbmeb-2596	6	24	practical	practical	ADJ
ajbmeb-2596	6	25	recommendations	recommendation	NOUN
ajbmeb-2596	6	26	are	be	AUX
ajbmeb-2596	6	27	provided	provide	VERB
ajbmeb-2596	6	28	for	for	ADP
ajbmeb-2596	6	29	deepening	deepen	VERB
ajbmeb-2596	6	30	the	the	DET
ajbmeb-2596	6	31	privatization	privatization	NOUN
ajbmeb-2596	6	32	process	process	NOUN
ajbmeb-2596	6	33	.	.	PUNCT
ajbmeb-2596	7	1	privatization	privatization	NOUN
ajbmeb-2596	7	2	,	,	PUNCT
ajbmeb-2596	7	3	market	market	NOUN
ajbmeb-2596	7	4	economy	economy	NOUN
ajbmeb-2596	7	5	,	,	PUNCT
ajbmeb-2596	7	6	corporate	corporate	ADJ
ajbmeb-2596	7	7	governance	governance	NOUN
ajbmeb-2596	7	8	,	,	PUNCT
ajbmeb-2596	7	9	ipo	ipo	NOUN
ajbmeb-2596	7	10	,	,	PUNCT
ajbmeb-2596	7	11	stateowned	stateowne	VERB
ajbmeb-2596	7	12	enterprises	enterprise	NOUN
ajbmeb-2596	7	13	,	,	PUNCT
ajbmeb-2596	7	14	fondul	fondul	PROPN
ajbmeb-2596	7	15	proprietatea	proprietatea	NOUN
ajbmeb-2596	7	16	,	,	PUNCT
ajbmeb-2596	7	17	franklin	franklin	PROPN
ajbmeb-2596	7	18	templeton	templeton	PROPN
ajbmeb-2596	7	19	,	,	PUNCT
ajbmeb-2596	7	20	controlling	control	VERB
ajbmeb-2596	7	21	stake	stake	NOUN
ajbmeb-2596	7	22	,	,	PUNCT
ajbmeb-2596	7	23	portfolio	portfolio	NOUN
ajbmeb-2596	7	24	companies	company	NOUN
ajbmeb-2596	7	25	,	,	PUNCT
ajbmeb-2596	7	26	capital	capital	NOUN
ajbmeb-2596	7	27	market	market	NOUN
ajbmeb-2596	7	28	,	,	PUNCT
ajbmeb-2596	7	29	corporate	corporate	ADJ
ajbmeb-2596	7	30	transparency	transparency	NOUN
ajbmeb-2596	7	31	,	,	PUNCT
ajbmeb-2596	7	32	kpi	kpi	PROPN
ajbmeb-2596	7	33	,	,	PUNCT
ajbmeb-2596	7	34	diversification	diversification	NOUN
ajbmeb-2596	7	35	,	,	PUNCT
ajbmeb-2596	7	36	spo	spo	PROPN
ajbmeb-2596	7	37	,	,	PUNCT
ajbmeb-2596	7	38	investor	investor	NOUN
ajbmeb-2596	7	39	attraction	attraction	NOUN
ajbmeb-2596	7	40	.	.	PUNCT
ajbmeb-2596	8	1	introduction	introduction	NOUN
ajbmeb-2596	8	2	in	in	ADP
ajbmeb-2596	8	3	the	the	DET
ajbmeb-2596	8	4	process	process	NOUN
ajbmeb-2596	8	5	of	of	ADP
ajbmeb-2596	8	6	transitioning	transition	VERB
ajbmeb-2596	8	7	to	to	ADP
ajbmeb-2596	8	8	a	a	DET
ajbmeb-2596	8	9	market	market	NOUN
ajbmeb-2596	8	10	economy	economy	NOUN
ajbmeb-2596	8	11	,	,	PUNCT
ajbmeb-2596	8	12	the	the	DET
ajbmeb-2596	8	13	privatization	privatization	NOUN
ajbmeb-2596	8	14	of	of	ADP
ajbmeb-2596	8	15	state	state	NOUN
ajbmeb-2596	8	16	property	property	NOUN
ajbmeb-2596	8	17	serves	serve	VERB
ajbmeb-2596	8	18	as	as	ADP
ajbmeb-2596	8	19	one	one	NUM
ajbmeb-2596	8	20	of	of	ADP
ajbmeb-2596	8	21	the	the	DET
ajbmeb-2596	8	22	most	most	ADV
ajbmeb-2596	8	23	important	important	ADJ
ajbmeb-2596	8	24	and	and	CCONJ
ajbmeb-2596	8	25	necessary	necessary	ADJ
ajbmeb-2596	8	26	reforms	reform	NOUN
ajbmeb-2596	8	27	.	.	PUNCT
ajbmeb-2596	9	1	privatization	privatization	NOUN
ajbmeb-2596	9	2	involves	involve	VERB
ajbmeb-2596	9	3	not	not	PART
ajbmeb-2596	9	4	only	only	ADV
ajbmeb-2596	9	5	a	a	DET
ajbmeb-2596	9	6	change	change	NOUN
ajbmeb-2596	9	7	in	in	ADP
ajbmeb-2596	9	8	the	the	DET
ajbmeb-2596	9	9	form	form	NOUN
ajbmeb-2596	9	10	of	of	ADP
ajbmeb-2596	9	11	ownership	ownership	NOUN
ajbmeb-2596	9	12	but	but	CCONJ
ajbmeb-2596	9	13	also	also	ADV
ajbmeb-2596	9	14	addresses	address	VERB
ajbmeb-2596	9	15	a	a	DET
ajbmeb-2596	9	16	number	number	NOUN
ajbmeb-2596	9	17	of	of	ADP
ajbmeb-2596	9	18	strategic	strategic	ADJ
ajbmeb-2596	9	19	tasks	task	NOUN
ajbmeb-2596	9	20	,	,	PUNCT
ajbmeb-2596	9	21	such	such	ADJ
ajbmeb-2596	9	22	as	as	ADP
ajbmeb-2596	9	23	strengthening	strengthen	VERB
ajbmeb-2596	9	24	competition	competition	NOUN
ajbmeb-2596	9	25	in	in	ADP
ajbmeb-2596	9	26	the	the	DET
ajbmeb-2596	9	27	economy	economy	NOUN
ajbmeb-2596	9	28	,	,	PUNCT
ajbmeb-2596	9	29	implementing	implement	VERB
ajbmeb-2596	9	30	effective	effective	ADJ
ajbmeb-2596	9	31	management	management	NOUN
ajbmeb-2596	9	32	systems	system	NOUN
ajbmeb-2596	9	33	in	in	ADP
ajbmeb-2596	9	34	enterprises	enterprise	NOUN
ajbmeb-2596	9	35	,	,	PUNCT
ajbmeb-2596	9	36	attracting	attract	VERB
ajbmeb-2596	9	37	international	international	ADJ
ajbmeb-2596	9	38	investment	investment	NOUN
ajbmeb-2596	9	39	,	,	PUNCT
ajbmeb-2596	9	40	and	and	CCONJ
ajbmeb-2596	9	41	ensuring	ensure	VERB
ajbmeb-2596	9	42	the	the	DET
ajbmeb-2596	9	43	stability	stability	NOUN
ajbmeb-2596	9	44	of	of	ADP
ajbmeb-2596	9	45	the	the	DET
ajbmeb-2596	9	46	state	state	NOUN
ajbmeb-2596	9	47	budget	budget	NOUN
ajbmeb-2596	9	48	.	.	PUNCT
ajbmeb-2596	10	1	global	global	ADJ
ajbmeb-2596	10	2	practice	practice	NOUN
ajbmeb-2596	10	3	,	,	PUNCT
ajbmeb-2596	10	4	especially	especially	ADV
ajbmeb-2596	10	5	the	the	DET
ajbmeb-2596	10	6	experience	experience	NOUN
ajbmeb-2596	10	7	of	of	ADP
ajbmeb-2596	10	8	privatization	privatization	NOUN
ajbmeb-2596	10	9	implemented	implement	VERB
ajbmeb-2596	10	10	over	over	ADP
ajbmeb-2596	10	11	the	the	DET
ajbmeb-2596	10	12	past	past	ADJ
ajbmeb-2596	10	13	decades	decade	NOUN
ajbmeb-2596	10	14	in	in	ADP
ajbmeb-2596	10	15	eastern	eastern	PROPN
ajbmeb-2596	10	16	europe	europe	PROPN
ajbmeb-2596	10	17	and	and	CCONJ
ajbmeb-2596	10	18	central	central	PROPN
ajbmeb-2596	10	19	asia	asia	PROPN
ajbmeb-2596	10	20	,	,	PUNCT
ajbmeb-2596	10	21	is	be	AUX
ajbmeb-2596	10	22	regarded	regard	VERB
ajbmeb-2596	10	23	as	as	ADP
ajbmeb-2596	10	24	one	one	NUM
ajbmeb-2596	10	25	of	of	ADP
ajbmeb-2596	10	26	the	the	DET
ajbmeb-2596	10	27	key	key	ADJ
ajbmeb-2596	10	28	factors	factor	NOUN
ajbmeb-2596	10	29	in	in	ADP
ajbmeb-2596	10	30	economic	economic	ADJ
ajbmeb-2596	10	31	development	development	NOUN
ajbmeb-2596	10	32	.	.	PUNCT
ajbmeb-2596	11	1	in	in	ADP
ajbmeb-2596	11	2	this	this	DET
ajbmeb-2596	11	3	context	context	NOUN
ajbmeb-2596	11	4	,	,	PUNCT
ajbmeb-2596	11	5	the	the	DET
ajbmeb-2596	11	6	privatization	privatization	NOUN
ajbmeb-2596	11	7	policy	policy	NOUN
ajbmeb-2596	11	8	carried	carry	VERB
ajbmeb-2596	11	9	out	out	ADP
ajbmeb-2596	11	10	in	in	ADP
ajbmeb-2596	11	11	romania	romania	PROPN
ajbmeb-2596	11	12	through	through	ADP
ajbmeb-2596	11	13	the	the	DET
ajbmeb-2596	11	14	"	"	PUNCT
ajbmeb-2596	11	15	fondul	fondul	ADJ
ajbmeb-2596	11	16	proprietatea	proprietatea	NOUN
ajbmeb-2596	11	17	"	"	PUNCT
ajbmeb-2596	11	18	fund	fund	NOUN
ajbmeb-2596	11	19	stands	stand	VERB
ajbmeb-2596	11	20	out	out	ADP
ajbmeb-2596	11	21	as	as	ADP
ajbmeb-2596	11	22	a	a	DET
ajbmeb-2596	11	23	significant	significant	ADJ
ajbmeb-2596	11	24	example	example	NOUN
ajbmeb-2596	11	25	of	of	ADP
ajbmeb-2596	11	26	transforming	transform	VERB
ajbmeb-2596	11	27	state	state	NOUN
ajbmeb-2596	11	28	enterprise	enterprise	NOUN
ajbmeb-2596	11	29	assets	asset	NOUN
ajbmeb-2596	11	30	,	,	PUNCT
ajbmeb-2596	11	31	integrating	integrate	VERB
ajbmeb-2596	11	32	them	they	PRON
ajbmeb-2596	11	33	into	into	ADP
ajbmeb-2596	11	34	the	the	DET
ajbmeb-2596	11	35	international	international	ADJ
ajbmeb-2596	11	36	investment	investment	NOUN
ajbmeb-2596	11	37	environment	environment	NOUN
ajbmeb-2596	11	38	,	,	PUNCT
ajbmeb-2596	11	39	and	and	CCONJ
ajbmeb-2596	11	40	reinforcing	reinforce	VERB
ajbmeb-2596	11	41	the	the	DET
ajbmeb-2596	11	42	principles	principle	NOUN
ajbmeb-2596	11	43	of	of	ADP
ajbmeb-2596	11	44	corporate	corporate	ADJ
ajbmeb-2596	11	45	governance	governance	NOUN
ajbmeb-2596	11	46	.	.	PUNCT
ajbmeb-2596	12	1	this	this	DET
ajbmeb-2596	12	2	article	article	NOUN
ajbmeb-2596	12	3	analyzes	analyze	VERB
ajbmeb-2596	12	4	the	the	DET
ajbmeb-2596	12	5	financial	financial	ADJ
ajbmeb-2596	12	6	and	and	CCONJ
ajbmeb-2596	12	7	economic	economic	ADJ
ajbmeb-2596	12	8	effects	effect	NOUN
ajbmeb-2596	12	9	of	of	ADP
ajbmeb-2596	12	10	privatization	privatization	NOUN
ajbmeb-2596	12	11	based	base	VERB
ajbmeb-2596	12	12	on	on	ADP
ajbmeb-2596	12	13	romania	romania	PROPN
ajbmeb-2596	12	14	’s	’s	PART
ajbmeb-2596	12	15	experience	experience	NOUN
ajbmeb-2596	12	16	,	,	PUNCT
ajbmeb-2596	12	17	approaches	approach	NOUN
ajbmeb-2596	12	18	to	to	ADP
ajbmeb-2596	12	19	reforming	reform	VERB
ajbmeb-2596	12	20	state	state	NOUN
ajbmeb-2596	12	21	-	-	PUNCT
ajbmeb-2596	12	22	owned	own	VERB
ajbmeb-2596	12	23	enterprises	enterprise	NOUN
ajbmeb-2596	12	24	,	,	PUNCT
ajbmeb-2596	12	25	international	international	ADJ
ajbmeb-2596	12	26	management	management	NOUN
ajbmeb-2596	12	27	mechanisms	mechanism	NOUN
ajbmeb-2596	12	28	,	,	PUNCT
ajbmeb-2596	12	29	and	and	CCONJ
ajbmeb-2596	12	30	the	the	DET
ajbmeb-2596	12	31	potential	potential	NOUN
ajbmeb-2596	12	32	for	for	ADP
ajbmeb-2596	12	33	their	their	PRON
ajbmeb-2596	12	34	application	application	NOUN
ajbmeb-2596	12	35	in	in	ADP
ajbmeb-2596	12	36	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	12	37	.	.	PUNCT
ajbmeb-2596	13	1	on	on	ADP
ajbmeb-2596	13	2	this	this	DET
ajbmeb-2596	13	3	basis	basis	NOUN
ajbmeb-2596	13	4	,	,	PUNCT
ajbmeb-2596	13	5	scientifically	scientifically	ADV
ajbmeb-2596	13	6	grounded	ground	VERB
ajbmeb-2596	13	7	recommendations	recommendation	NOUN
ajbmeb-2596	13	8	have	have	AUX
ajbmeb-2596	13	9	been	be	AUX
ajbmeb-2596	13	10	developed	develop	VERB
ajbmeb-2596	13	11	to	to	PART
ajbmeb-2596	13	12	deepen	deepen	VERB
ajbmeb-2596	13	13	the	the	DET
ajbmeb-2596	13	14	ongoing	ongoing	ADJ
ajbmeb-2596	13	15	economic	economic	ADJ
ajbmeb-2596	13	16	reforms	reform	NOUN
ajbmeb-2596	13	17	in	in	ADP
ajbmeb-2596	13	18	the	the	DET
ajbmeb-2596	13	19	republic	republic	NOUN
ajbmeb-2596	13	20	and	and	CCONJ
ajbmeb-2596	13	21	to	to	PART
ajbmeb-2596	13	22	increase	increase	VERB
ajbmeb-2596	13	23	the	the	DET
ajbmeb-2596	13	24	share	share	NOUN
ajbmeb-2596	13	25	of	of	ADP
ajbmeb-2596	13	26	the	the	DET
ajbmeb-2596	13	27	private	private	ADJ
ajbmeb-2596	13	28	sector	sector	NOUN
ajbmeb-2596	13	29	through	through	ADP
ajbmeb-2596	13	30	the	the	DET
ajbmeb-2596	13	31	use	use	NOUN
ajbmeb-2596	13	32	of	of	ADP
ajbmeb-2596	13	33	modern	modern	ADJ
ajbmeb-2596	13	34	and	and	CCONJ
ajbmeb-2596	13	35	effective	effective	ADJ
ajbmeb-2596	13	36	mechanisms	mechanism	NOUN
ajbmeb-2596	13	37	.	.	PUNCT
ajbmeb-2596	14	1	american	american	ADJ
ajbmeb-2596	14	2	journal	journal	PROPN
ajbmeb-2596	14	3	of	of	ADP
ajbmeb-2596	14	4	business	business	NOUN
ajbmeb-2596	14	5	management	management	NOUN
ajbmeb-2596	14	6	,	,	PUNCT
ajbmeb-2596	14	7	economics	economic	NOUN
ajbmeb-2596	14	8	and	and	CCONJ
ajbmeb-2596	14	9	banking	banking	NOUN
ajbmeb-2596	14	10	volume	volume	NOUN
ajbmeb-2596	14	11	37	37	NUM
ajbmeb-2596	14	12	june2025	june2025	PROPN
ajbmeb-2596	14	13	p	p	NOUN
ajbmeb-2596	14	14	a	a	DET
ajbmeb-2596	14	15	g	g	NOUN
ajbmeb-2596	14	16	e	e	NOUN
ajbmeb-2596	14	17	|	|	ADV
ajbmeb-2596	14	18	120	120	NUM
ajbmeb-2596	14	19	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-2596	14	20	research	research	NOUN
ajbmeb-2596	14	21	methodology	methodology	NOUN
ajbmeb-2596	14	22	this	this	DET
ajbmeb-2596	14	23	scientific	scientific	ADJ
ajbmeb-2596	14	24	article	article	NOUN
ajbmeb-2596	14	25	analyzes	analyze	VERB
ajbmeb-2596	14	26	modern	modern	ADJ
ajbmeb-2596	14	27	methods	method	NOUN
ajbmeb-2596	14	28	of	of	ADP
ajbmeb-2596	14	29	privatizing	privatize	VERB
ajbmeb-2596	14	30	state	state	NOUN
ajbmeb-2596	14	31	property	property	NOUN
ajbmeb-2596	14	32	,	,	PUNCT
ajbmeb-2596	14	33	in	in	ADP
ajbmeb-2596	14	34	particular	particular	ADJ
ajbmeb-2596	14	35	the	the	DET
ajbmeb-2596	14	36	institutional	institutional	ADJ
ajbmeb-2596	14	37	approach	approach	NOUN
ajbmeb-2596	14	38	implemented	implement	VERB
ajbmeb-2596	14	39	through	through	ADP
ajbmeb-2596	14	40	the	the	DET
ajbmeb-2596	14	41	"	"	PUNCT
ajbmeb-2596	14	42	fondul	fondul	ADJ
ajbmeb-2596	14	43	proprietatea	proprietatea	NOUN
ajbmeb-2596	14	44	"	"	PUNCT
ajbmeb-2596	14	45	model	model	NOUN
ajbmeb-2596	14	46	applied	apply	VERB
ajbmeb-2596	14	47	in	in	ADP
ajbmeb-2596	14	48	the	the	DET
ajbmeb-2596	14	49	romanian	romanian	ADJ
ajbmeb-2596	14	50	experience	experience	NOUN
ajbmeb-2596	14	51	.	.	PUNCT
ajbmeb-2596	15	1	the	the	DET
ajbmeb-2596	15	2	research	research	NOUN
ajbmeb-2596	15	3	employs	employ	VERB
ajbmeb-2596	15	4	several	several	ADJ
ajbmeb-2596	15	5	methodological	methodological	ADJ
ajbmeb-2596	15	6	approaches	approach	NOUN
ajbmeb-2596	15	7	,	,	PUNCT
ajbmeb-2596	15	8	including	include	VERB
ajbmeb-2596	15	9	analytical	analytical	ADJ
ajbmeb-2596	15	10	-	-	PUNCT
ajbmeb-2596	15	11	methodical	methodical	ADJ
ajbmeb-2596	15	12	analysis	analysis	NOUN
ajbmeb-2596	15	13	,	,	PUNCT
ajbmeb-2596	15	14	comparative	comparative	ADJ
ajbmeb-2596	15	15	analysis	analysis	NOUN
ajbmeb-2596	15	16	,	,	PUNCT
ajbmeb-2596	15	17	synthesis	synthesis	NOUN
ajbmeb-2596	15	18	of	of	ADP
ajbmeb-2596	15	19	experience	experience	NOUN
ajbmeb-2596	15	20	and	and	CCONJ
ajbmeb-2596	15	21	practice	practice	NOUN
ajbmeb-2596	15	22	,	,	PUNCT
ajbmeb-2596	15	23	empirically	empirically	ADV
ajbmeb-2596	15	24	grounded	ground	VERB
ajbmeb-2596	15	25	approach	approach	NOUN
ajbmeb-2596	15	26	,	,	PUNCT
ajbmeb-2596	15	27	as	as	ADV
ajbmeb-2596	15	28	well	well	ADV
ajbmeb-2596	15	29	as	as	ADP
ajbmeb-2596	15	30	the	the	DET
ajbmeb-2596	15	31	principles	principle	NOUN
ajbmeb-2596	15	32	of	of	ADP
ajbmeb-2596	15	33	scientific	scientific	ADJ
ajbmeb-2596	15	34	consistency	consistency	NOUN
ajbmeb-2596	15	35	and	and	CCONJ
ajbmeb-2596	15	36	systematicity	systematicity	NOUN
ajbmeb-2596	15	37	.	.	PUNCT
ajbmeb-2596	16	1	literature	literature	PROPN
ajbmeb-2596	16	2	review	review	VERB
ajbmeb-2596	16	3	numerous	numerous	ADJ
ajbmeb-2596	16	4	studies	study	NOUN
ajbmeb-2596	16	5	on	on	ADP
ajbmeb-2596	16	6	the	the	DET
ajbmeb-2596	16	7	privatization	privatization	NOUN
ajbmeb-2596	16	8	of	of	ADP
ajbmeb-2596	16	9	state	state	NOUN
ajbmeb-2596	16	10	property	property	NOUN
ajbmeb-2596	16	11	have	have	AUX
ajbmeb-2596	16	12	been	be	AUX
ajbmeb-2596	16	13	and	and	CCONJ
ajbmeb-2596	16	14	continue	continue	VERB
ajbmeb-2596	16	15	to	to	PART
ajbmeb-2596	16	16	be	be	AUX
ajbmeb-2596	16	17	conducted	conduct	VERB
ajbmeb-2596	16	18	by	by	ADP
ajbmeb-2596	16	19	both	both	CCONJ
ajbmeb-2596	16	20	foreign	foreign	ADJ
ajbmeb-2596	16	21	and	and	CCONJ
ajbmeb-2596	16	22	domestic	domestic	ADJ
ajbmeb-2596	16	23	scholars	scholar	NOUN
ajbmeb-2596	16	24	.	.	PUNCT
ajbmeb-2596	17	1	according	accord	VERB
ajbmeb-2596	17	2	to	to	ADP
ajbmeb-2596	17	3	klaus	klaus	PROPN
ajbmeb-2596	17	4	e.	e.	PROPN
ajbmeb-2596	17	5	meyer	meyer	PROPN
ajbmeb-2596	17	6	,	,	PUNCT
ajbmeb-2596	17	7	a	a	DET
ajbmeb-2596	17	8	foreign	foreign	ADJ
ajbmeb-2596	17	9	researcher	researcher	NOUN
ajbmeb-2596	17	10	who	who	PRON
ajbmeb-2596	17	11	studied	study	VERB
ajbmeb-2596	17	12	privatization	privatization	NOUN
ajbmeb-2596	17	13	and	and	CCONJ
ajbmeb-2596	17	14	corporate	corporate	ADJ
ajbmeb-2596	17	15	governance	governance	NOUN
ajbmeb-2596	17	16	in	in	ADP
ajbmeb-2596	17	17	eastern	eastern	PROPN
ajbmeb-2596	17	18	europe	europe	PROPN
ajbmeb-2596	17	19	:	:	PUNCT
ajbmeb-2596	17	20	“	"	PUNCT
ajbmeb-2596	17	21	the	the	DET
ajbmeb-2596	17	22	main	main	ADJ
ajbmeb-2596	17	23	goal	goal	NOUN
ajbmeb-2596	17	24	of	of	ADP
ajbmeb-2596	17	25	privatization	privatization	NOUN
ajbmeb-2596	17	26	is	be	AUX
ajbmeb-2596	17	27	the	the	DET
ajbmeb-2596	17	28	formation	formation	NOUN
ajbmeb-2596	17	29	of	of	ADP
ajbmeb-2596	17	30	a	a	DET
ajbmeb-2596	17	31	market	market	NOUN
ajbmeb-2596	17	32	economy	economy	NOUN
ajbmeb-2596	17	33	and	and	CCONJ
ajbmeb-2596	17	34	the	the	DET
ajbmeb-2596	17	35	improvement	improvement	NOUN
ajbmeb-2596	17	36	of	of	ADP
ajbmeb-2596	17	37	efficiency	efficiency	NOUN
ajbmeb-2596	17	38	.	.	PUNCT
ajbmeb-2596	18	1	however	however	ADV
ajbmeb-2596	18	2	,	,	PUNCT
ajbmeb-2596	18	3	changes	change	NOUN
ajbmeb-2596	18	4	in	in	ADP
ajbmeb-2596	18	5	ownership	ownership	NOUN
ajbmeb-2596	18	6	structure	structure	NOUN
ajbmeb-2596	18	7	directly	directly	ADV
ajbmeb-2596	18	8	affect	affect	VERB
ajbmeb-2596	18	9	management	management	NOUN
ajbmeb-2596	18	10	systems	system	NOUN
ajbmeb-2596	18	11	.	.	PUNCT
ajbmeb-2596	18	12	”	"	PUNCT
ajbmeb-2596	19	1	[	[	X
ajbmeb-2596	19	2	1	1	NUM
ajbmeb-2596	19	3	]	]	X
ajbmeb-2596	19	4	anders	ander	NOUN
ajbmeb-2596	19	5	åslund	åslund	VERB
ajbmeb-2596	19	6	,	,	PUNCT
ajbmeb-2596	19	7	a	a	DET
ajbmeb-2596	19	8	prominent	prominent	ADJ
ajbmeb-2596	19	9	researcher	researcher	NOUN
ajbmeb-2596	19	10	on	on	ADP
ajbmeb-2596	19	11	the	the	DET
ajbmeb-2596	19	12	transformation	transformation	NOUN
ajbmeb-2596	19	13	processes	process	NOUN
ajbmeb-2596	19	14	in	in	ADP
ajbmeb-2596	19	15	central	central	ADJ
ajbmeb-2596	19	16	and	and	CCONJ
ajbmeb-2596	19	17	eastern	eastern	ADJ
ajbmeb-2596	19	18	europe	europe	PROPN
ajbmeb-2596	19	19	,	,	PUNCT
ajbmeb-2596	19	20	russia	russia	PROPN
ajbmeb-2596	19	21	,	,	PUNCT
ajbmeb-2596	19	22	the	the	DET
ajbmeb-2596	19	23	caucasus	caucasus	NOUN
ajbmeb-2596	19	24	,	,	PUNCT
ajbmeb-2596	19	25	and	and	CCONJ
ajbmeb-2596	19	26	central	central	ADJ
ajbmeb-2596	19	27	asia	asia	PROPN
ajbmeb-2596	19	28	,	,	PUNCT
ajbmeb-2596	19	29	states	state	VERB
ajbmeb-2596	19	30	:	:	PUNCT
ajbmeb-2596	19	31	“	"	PUNCT
ajbmeb-2596	19	32	privatization	privatization	NOUN
ajbmeb-2596	19	33	was	be	AUX
ajbmeb-2596	19	34	not	not	PART
ajbmeb-2596	19	35	merely	merely	ADV
ajbmeb-2596	19	36	an	an	DET
ajbmeb-2596	19	37	economic	economic	ADJ
ajbmeb-2596	19	38	process	process	NOUN
ajbmeb-2596	19	39	,	,	PUNCT
ajbmeb-2596	19	40	but	but	CCONJ
ajbmeb-2596	19	41	a	a	DET
ajbmeb-2596	19	42	fundamental	fundamental	ADJ
ajbmeb-2596	19	43	transformation	transformation	NOUN
ajbmeb-2596	19	44	encompassing	encompass	VERB
ajbmeb-2596	19	45	politics	politic	NOUN
ajbmeb-2596	19	46	,	,	PUNCT
ajbmeb-2596	19	47	legislation	legislation	NOUN
ajbmeb-2596	19	48	,	,	PUNCT
ajbmeb-2596	19	49	ethics	ethic	NOUN
ajbmeb-2596	19	50	,	,	PUNCT
ajbmeb-2596	19	51	and	and	CCONJ
ajbmeb-2596	19	52	all	all	DET
ajbmeb-2596	19	53	spheres	sphere	NOUN
ajbmeb-2596	19	54	of	of	ADP
ajbmeb-2596	19	55	the	the	DET
ajbmeb-2596	19	56	economy	economy	NOUN
ajbmeb-2596	19	57	.	.	PUNCT
ajbmeb-2596	20	1	it	it	PRON
ajbmeb-2596	20	2	became	become	VERB
ajbmeb-2596	20	3	the	the	DET
ajbmeb-2596	20	4	main	main	ADJ
ajbmeb-2596	20	5	dividing	dividing	NOUN
ajbmeb-2596	20	6	line	line	NOUN
ajbmeb-2596	20	7	in	in	ADP
ajbmeb-2596	20	8	the	the	DET
ajbmeb-2596	20	9	transition	transition	NOUN
ajbmeb-2596	20	10	from	from	ADP
ajbmeb-2596	20	11	a	a	DET
ajbmeb-2596	20	12	socialist	socialist	NOUN
ajbmeb-2596	20	13	to	to	ADP
ajbmeb-2596	20	14	a	a	DET
ajbmeb-2596	20	15	capitalist	capitalist	ADJ
ajbmeb-2596	20	16	society	society	NOUN
ajbmeb-2596	20	17	.	.	PUNCT
ajbmeb-2596	20	18	”	"	PUNCT
ajbmeb-2596	21	1	[	[	X
ajbmeb-2596	21	2	2	2	X
ajbmeb-2596	21	3	]	]	PUNCT
ajbmeb-2596	21	4	the	the	DET
ajbmeb-2596	21	5	research	research	NOUN
ajbmeb-2596	21	6	findings	finding	NOUN
ajbmeb-2596	21	7	of	of	ADP
ajbmeb-2596	21	8	economists	economist	NOUN
ajbmeb-2596	21	9	i.	i.	PROPN
ajbmeb-2596	21	10	marcelin	marcelin	PROPN
ajbmeb-2596	21	11	and	and	CCONJ
ajbmeb-2596	21	12	i.	i.	PROPN
ajbmeb-2596	21	13	mazur	mazur	PROPN
ajbmeb-2596	21	14	,	,	PUNCT
ajbmeb-2596	21	15	who	who	PRON
ajbmeb-2596	21	16	have	have	AUX
ajbmeb-2596	21	17	conducted	conduct	VERB
ajbmeb-2596	21	18	scientific	scientific	ADJ
ajbmeb-2596	21	19	studies	study	NOUN
ajbmeb-2596	21	20	in	in	ADP
ajbmeb-2596	21	21	the	the	DET
ajbmeb-2596	21	22	fields	field	NOUN
ajbmeb-2596	21	23	of	of	ADP
ajbmeb-2596	21	24	financial	financial	ADJ
ajbmeb-2596	21	25	development	development	NOUN
ajbmeb-2596	21	26	,	,	PUNCT
ajbmeb-2596	21	27	privatization	privatization	NOUN
ajbmeb-2596	21	28	,	,	PUNCT
ajbmeb-2596	21	29	corporate	corporate	ADJ
ajbmeb-2596	21	30	governance	governance	NOUN
ajbmeb-2596	21	31	,	,	PUNCT
ajbmeb-2596	21	32	and	and	CCONJ
ajbmeb-2596	21	33	economic	economic	ADJ
ajbmeb-2596	21	34	growth	growth	NOUN
ajbmeb-2596	21	35	,	,	PUNCT
ajbmeb-2596	21	36	demonstrate	demonstrate	VERB
ajbmeb-2596	21	37	that	that	SCONJ
ajbmeb-2596	21	38	privatization	privatization	NOUN
ajbmeb-2596	21	39	increases	increase	VERB
ajbmeb-2596	21	40	company	company	NOUN
ajbmeb-2596	21	41	efficiency	efficiency	NOUN
ajbmeb-2596	21	42	and	and	CCONJ
ajbmeb-2596	21	43	profitability	profitability	NOUN
ajbmeb-2596	21	44	,	,	PUNCT
ajbmeb-2596	21	45	which	which	PRON
ajbmeb-2596	21	46	in	in	ADP
ajbmeb-2596	21	47	turn	turn	NOUN
ajbmeb-2596	21	48	positively	positively	ADV
ajbmeb-2596	21	49	impacts	impact	VERB
ajbmeb-2596	21	50	economic	economic	ADJ
ajbmeb-2596	21	51	growth	growth	NOUN
ajbmeb-2596	22	1	[	[	X
ajbmeb-2596	22	2	3	3	NUM
ajbmeb-2596	22	3	]	]	PUNCT
ajbmeb-2596	22	4	.	.	PUNCT
ajbmeb-2596	23	1	according	accord	VERB
ajbmeb-2596	23	2	to	to	ADP
ajbmeb-2596	23	3	russian	russian	ADJ
ajbmeb-2596	23	4	scholar	scholar	PROPN
ajbmeb-2596	23	5	a.d	a.d	PROPN
ajbmeb-2596	23	6	.	.	PROPN
ajbmeb-2596	23	7	radygin	radygin	PROPN
ajbmeb-2596	23	8	and	and	CCONJ
ajbmeb-2596	23	9	other	other	ADJ
ajbmeb-2596	23	10	authors	author	NOUN
ajbmeb-2596	23	11	,	,	PUNCT
ajbmeb-2596	23	12	the	the	DET
ajbmeb-2596	23	13	privatization	privatization	NOUN
ajbmeb-2596	23	14	of	of	ADP
ajbmeb-2596	23	15	large	large	ADJ
ajbmeb-2596	23	16	companies	company	NOUN
ajbmeb-2596	23	17	that	that	PRON
ajbmeb-2596	23	18	are	be	AUX
ajbmeb-2596	23	19	fully	fully	ADV
ajbmeb-2596	23	20	(	(	PUNCT
ajbmeb-2596	23	21	100	100	NUM
ajbmeb-2596	23	22	%	%	NOUN
ajbmeb-2596	23	23	)	)	PUNCT
ajbmeb-2596	23	24	state	state	NOUN
ajbmeb-2596	23	25	-	-	PUNCT
ajbmeb-2596	23	26	owned	own	VERB
ajbmeb-2596	23	27	is	be	AUX
ajbmeb-2596	23	28	,	,	PUNCT
ajbmeb-2596	23	29	in	in	ADP
ajbmeb-2596	23	30	practice	practice	NOUN
ajbmeb-2596	23	31	,	,	PUNCT
ajbmeb-2596	23	32	carried	carry	VERB
ajbmeb-2596	23	33	out	out	ADP
ajbmeb-2596	23	34	through	through	ADP
ajbmeb-2596	23	35	an	an	DET
ajbmeb-2596	23	36	initial	initial	ADJ
ajbmeb-2596	23	37	public	public	ADJ
ajbmeb-2596	23	38	offering	offering	NOUN
ajbmeb-2596	23	39	(	(	PUNCT
ajbmeb-2596	23	40	ipo	ipo	NOUN
ajbmeb-2596	23	41	)	)	PUNCT
ajbmeb-2596	23	42	of	of	ADP
ajbmeb-2596	23	43	shares	share	NOUN
ajbmeb-2596	23	44	[	[	X
ajbmeb-2596	23	45	4	4	NUM
ajbmeb-2596	23	46	]	]	PUNCT
ajbmeb-2596	23	47	.	.	PUNCT
ajbmeb-2596	24	1	in	in	ADP
ajbmeb-2596	24	2	the	the	DET
ajbmeb-2596	24	3	theoretical	theoretical	ADJ
ajbmeb-2596	24	4	and	and	CCONJ
ajbmeb-2596	24	5	empirical	empirical	ADJ
ajbmeb-2596	24	6	studies	study	NOUN
ajbmeb-2596	24	7	of	of	ADP
ajbmeb-2596	24	8	scholars	scholar	NOUN
ajbmeb-2596	24	9	such	such	ADJ
ajbmeb-2596	24	10	as	as	ADP
ajbmeb-2596	24	11	savas	savas	PROPN
ajbmeb-2596	24	12	,	,	PUNCT
ajbmeb-2596	24	13	elliott	elliott	PROPN
ajbmeb-2596	24	14	,	,	PUNCT
ajbmeb-2596	24	15	and	and	CCONJ
ajbmeb-2596	24	16	sclar	sclar	ADJ
ajbmeb-2596	24	17	,	,	PUNCT
ajbmeb-2596	24	18	which	which	PRON
ajbmeb-2596	24	19	are	be	AUX
ajbmeb-2596	24	20	dedicated	dedicate	VERB
ajbmeb-2596	24	21	to	to	ADP
ajbmeb-2596	24	22	privatization	privatization	NOUN
ajbmeb-2596	24	23	,	,	PUNCT
ajbmeb-2596	24	24	it	it	PRON
ajbmeb-2596	24	25	is	be	AUX
ajbmeb-2596	24	26	noted	note	VERB
ajbmeb-2596	24	27	that	that	SCONJ
ajbmeb-2596	24	28	“	"	PUNCT
ajbmeb-2596	24	29	private	private	ADJ
ajbmeb-2596	24	30	enterprises	enterprise	NOUN
ajbmeb-2596	24	31	are	be	AUX
ajbmeb-2596	24	32	more	more	ADV
ajbmeb-2596	24	33	efficient	efficient	ADJ
ajbmeb-2596	24	34	compared	compare	VERB
ajbmeb-2596	24	35	to	to	ADP
ajbmeb-2596	24	36	state	state	NOUN
ajbmeb-2596	24	37	-	-	PUNCT
ajbmeb-2596	24	38	owned	own	VERB
ajbmeb-2596	24	39	ones	one	NOUN
ajbmeb-2596	24	40	,	,	PUNCT
ajbmeb-2596	24	41	as	as	SCONJ
ajbmeb-2596	24	42	they	they	PRON
ajbmeb-2596	24	43	are	be	AUX
ajbmeb-2596	24	44	more	more	ADV
ajbmeb-2596	24	45	economical	economical	ADJ
ajbmeb-2596	24	46	in	in	ADP
ajbmeb-2596	24	47	their	their	PRON
ajbmeb-2596	24	48	operations	operation	NOUN
ajbmeb-2596	24	49	,	,	PUNCT
ajbmeb-2596	24	50	exhibit	exhibit	VERB
ajbmeb-2596	24	51	higher	high	ADJ
ajbmeb-2596	24	52	labor	labor	NOUN
ajbmeb-2596	24	53	productivity	productivity	NOUN
ajbmeb-2596	24	54	,	,	PUNCT
ajbmeb-2596	24	55	and	and	CCONJ
ajbmeb-2596	24	56	face	face	VERB
ajbmeb-2596	24	57	fewer	few	ADJ
ajbmeb-2596	24	58	legal	legal	ADJ
ajbmeb-2596	24	59	restrictions	restriction	NOUN
ajbmeb-2596	24	60	”	"	PUNCT
ajbmeb-2596	24	61	[	[	X
ajbmeb-2596	24	62	5	5	NUM
ajbmeb-2596	24	63	]	]	PUNCT
ajbmeb-2596	24	64	.	.	PUNCT
ajbmeb-2596	25	1	according	accord	VERB
ajbmeb-2596	25	2	to	to	ADP
ajbmeb-2596	25	3	domestic	domestic	ADJ
ajbmeb-2596	25	4	scholar	scholar	NOUN
ajbmeb-2596	25	5	and	and	CCONJ
ajbmeb-2596	25	6	practitioner	practitioner	NOUN
ajbmeb-2596	25	7	a.	a.	NOUN
ajbmeb-2596	25	8	kakhkharov	kakhkharov	PROPN
ajbmeb-2596	25	9	,	,	PUNCT
ajbmeb-2596	25	10	who	who	PRON
ajbmeb-2596	25	11	has	have	AUX
ajbmeb-2596	25	12	conducted	conduct	VERB
ajbmeb-2596	25	13	research	research	NOUN
ajbmeb-2596	25	14	in	in	ADP
ajbmeb-2596	25	15	the	the	DET
ajbmeb-2596	25	16	field	field	NOUN
ajbmeb-2596	25	17	of	of	ADP
ajbmeb-2596	25	18	state	state	NOUN
ajbmeb-2596	25	19	property	property	NOUN
ajbmeb-2596	25	20	valuation	valuation	NOUN
ajbmeb-2596	25	21	and	and	CCONJ
ajbmeb-2596	25	22	privatization	privatization	NOUN
ajbmeb-2596	25	23	:	:	PUNCT
ajbmeb-2596	25	24	“	"	PUNCT
ajbmeb-2596	25	25	it	it	PRON
ajbmeb-2596	25	26	should	should	AUX
ajbmeb-2596	25	27	be	be	AUX
ajbmeb-2596	25	28	noted	note	VERB
ajbmeb-2596	25	29	that	that	SCONJ
ajbmeb-2596	25	30	the	the	DET
ajbmeb-2596	25	31	ratio	ratio	NOUN
ajbmeb-2596	25	32	of	of	ADP
ajbmeb-2596	25	33	private	private	ADJ
ajbmeb-2596	25	34	to	to	AUX
ajbmeb-2596	25	35	state	state	NOUN
ajbmeb-2596	25	36	ownership	ownership	NOUN
ajbmeb-2596	25	37	in	in	ADP
ajbmeb-2596	25	38	the	the	DET
ajbmeb-2596	25	39	economy	economy	NOUN
ajbmeb-2596	25	40	,	,	PUNCT
ajbmeb-2596	25	41	as	as	ADV
ajbmeb-2596	25	42	well	well	ADV
ajbmeb-2596	25	43	as	as	ADP
ajbmeb-2596	25	44	the	the	DET
ajbmeb-2596	25	45	benefits	benefit	NOUN
ajbmeb-2596	25	46	and	and	CCONJ
ajbmeb-2596	25	47	controversial	controversial	ADJ
ajbmeb-2596	25	48	aspects	aspect	NOUN
ajbmeb-2596	25	49	of	of	ADP
ajbmeb-2596	25	50	privatization	privatization	NOUN
ajbmeb-2596	25	51	,	,	PUNCT
ajbmeb-2596	25	52	have	have	AUX
ajbmeb-2596	25	53	been	be	AUX
ajbmeb-2596	25	54	the	the	DET
ajbmeb-2596	25	55	subject	subject	NOUN
ajbmeb-2596	25	56	of	of	ADP
ajbmeb-2596	25	57	numerous	numerous	ADJ
ajbmeb-2596	25	58	studies	study	NOUN
ajbmeb-2596	25	59	.	.	PUNCT
ajbmeb-2596	26	1	the	the	DET
ajbmeb-2596	26	2	analyses	analysis	NOUN
ajbmeb-2596	26	3	conducted	conduct	VERB
ajbmeb-2596	26	4	prove	prove	VERB
ajbmeb-2596	26	5	that	that	SCONJ
ajbmeb-2596	26	6	the	the	DET
ajbmeb-2596	26	7	efficiency	efficiency	NOUN
ajbmeb-2596	26	8	of	of	ADP
ajbmeb-2596	26	9	enterprises	enterprise	NOUN
ajbmeb-2596	26	10	in	in	ADP
ajbmeb-2596	26	11	private	private	ADJ
ajbmeb-2596	26	12	ownership	ownership	NOUN
ajbmeb-2596	26	13	is	be	AUX
ajbmeb-2596	26	14	higher	high	ADJ
ajbmeb-2596	26	15	than	than	ADP
ajbmeb-2596	26	16	that	that	PRON
ajbmeb-2596	26	17	of	of	ADP
ajbmeb-2596	26	18	those	those	PRON
ajbmeb-2596	26	19	with	with	ADP
ajbmeb-2596	26	20	state	state	NOUN
ajbmeb-2596	26	21	participation	participation	NOUN
ajbmeb-2596	26	22	.	.	PUNCT
ajbmeb-2596	26	23	”	"	PUNCT
ajbmeb-2596	27	1	[	[	X
ajbmeb-2596	27	2	6	6	NUM
ajbmeb-2596	27	3	]	]	PUNCT
ajbmeb-2596	27	4	as	as	SCONJ
ajbmeb-2596	27	5	rightly	rightly	ADV
ajbmeb-2596	27	6	emphasized	emphasize	VERB
ajbmeb-2596	27	7	by	by	ADP
ajbmeb-2596	27	8	e.	e.	PROPN
ajbmeb-2596	27	9	rosenbaum	rosenbaum	PROPN
ajbmeb-2596	27	10	,	,	PUNCT
ajbmeb-2596	27	11	f.	f.	PROPN
ajbmeb-2596	27	12	bönker	bönker	PROPN
ajbmeb-2596	27	13	,	,	PUNCT
ajbmeb-2596	27	14	and	and	CCONJ
ajbmeb-2596	27	15	h.	h.	PROPN
ajbmeb-2596	27	16	wagener	wagener	NOUN
ajbmeb-2596	27	17	,	,	PUNCT
ajbmeb-2596	27	18	privatization	privatization	NOUN
ajbmeb-2596	27	19	should	should	AUX
ajbmeb-2596	27	20	not	not	PART
ajbmeb-2596	27	21	be	be	AUX
ajbmeb-2596	27	22	viewed	view	VERB
ajbmeb-2596	27	23	as	as	ADP
ajbmeb-2596	27	24	an	an	DET
ajbmeb-2596	27	25	end	end	NOUN
ajbmeb-2596	27	26	in	in	ADP
ajbmeb-2596	27	27	itself	itself	PRON
ajbmeb-2596	27	28	in	in	ADP
ajbmeb-2596	27	29	an	an	DET
ajbmeb-2596	27	30	economic	economic	ADJ
ajbmeb-2596	27	31	sense	sense	NOUN
ajbmeb-2596	27	32	.	.	PUNCT
ajbmeb-2596	28	1	nor	nor	CCONJ
ajbmeb-2596	28	2	should	should	AUX
ajbmeb-2596	28	3	the	the	DET
ajbmeb-2596	28	4	achievement	achievement	NOUN
ajbmeb-2596	28	5	of	of	ADP
ajbmeb-2596	28	6	political	political	ADJ
ajbmeb-2596	28	7	consensus	consensus	NOUN
ajbmeb-2596	28	8	on	on	ADP
ajbmeb-2596	28	9	privatization	privatization	NOUN
ajbmeb-2596	28	10	be	be	AUX
ajbmeb-2596	28	11	seen	see	VERB
ajbmeb-2596	28	12	as	as	ADP
ajbmeb-2596	28	13	a	a	DET
ajbmeb-2596	28	14	kind	kind	NOUN
ajbmeb-2596	28	15	of	of	ADP
ajbmeb-2596	28	16	“	"	PUNCT
ajbmeb-2596	28	17	fetishism	fetishism	NOUN
ajbmeb-2596	28	18	.	.	PUNCT
ajbmeb-2596	28	19	”	"	PUNCT
ajbmeb-2596	29	1	the	the	DET
ajbmeb-2596	29	2	main	main	ADJ
ajbmeb-2596	29	3	goal	goal	NOUN
ajbmeb-2596	29	4	of	of	ADP
ajbmeb-2596	29	5	economic	economic	ADJ
ajbmeb-2596	29	6	transformation	transformation	NOUN
ajbmeb-2596	29	7	is	be	AUX
ajbmeb-2596	29	8	to	to	PART
ajbmeb-2596	29	9	improve	improve	VERB
ajbmeb-2596	29	10	economic	economic	ADJ
ajbmeb-2596	29	11	welfare	welfare	NOUN
ajbmeb-2596	29	12	through	through	ADP
ajbmeb-2596	29	13	strong	strong	ADJ
ajbmeb-2596	29	14	competition	competition	NOUN
ajbmeb-2596	29	15	and	and	CCONJ
ajbmeb-2596	29	16	effective	effective	ADJ
ajbmeb-2596	29	17	labor	labor	NOUN
ajbmeb-2596	29	18	allocation	allocation	NOUN
ajbmeb-2596	29	19	.	.	PUNCT
ajbmeb-2596	30	1	according	accord	VERB
ajbmeb-2596	30	2	to	to	ADP
ajbmeb-2596	30	3	these	these	DET
ajbmeb-2596	30	4	authors	author	NOUN
ajbmeb-2596	30	5	,	,	PUNCT
ajbmeb-2596	30	6	the	the	DET
ajbmeb-2596	30	7	creation	creation	NOUN
ajbmeb-2596	30	8	of	of	ADP
ajbmeb-2596	30	9	a	a	DET
ajbmeb-2596	30	10	market	market	NOUN
ajbmeb-2596	30	11	is	be	AUX
ajbmeb-2596	30	12	the	the	DET
ajbmeb-2596	30	13	most	most	ADV
ajbmeb-2596	30	14	important	important	ADJ
ajbmeb-2596	30	15	issue	issue	NOUN
ajbmeb-2596	30	16	,	,	PUNCT
ajbmeb-2596	30	17	and	and	CCONJ
ajbmeb-2596	30	18	the	the	DET
ajbmeb-2596	30	19	role	role	NOUN
ajbmeb-2596	30	20	of	of	ADP
ajbmeb-2596	30	21	privatization	privatization	NOUN
ajbmeb-2596	30	22	should	should	AUX
ajbmeb-2596	30	23	be	be	AUX
ajbmeb-2596	30	24	assessed	assess	VERB
ajbmeb-2596	30	25	in	in	ADP
ajbmeb-2596	30	26	terms	term	NOUN
ajbmeb-2596	30	27	of	of	ADP
ajbmeb-2596	30	28	its	its	PRON
ajbmeb-2596	30	29	contribution	contribution	NOUN
ajbmeb-2596	30	30	to	to	ADP
ajbmeb-2596	30	31	the	the	DET
ajbmeb-2596	30	32	formation	formation	NOUN
ajbmeb-2596	30	33	of	of	ADP
ajbmeb-2596	30	34	market	market	NOUN
ajbmeb-2596	30	35	institutions	institution	NOUN
ajbmeb-2596	30	36	[	[	X
ajbmeb-2596	30	37	7	7	NUM
ajbmeb-2596	30	38	]	]	PUNCT
ajbmeb-2596	30	39	.	.	PUNCT
ajbmeb-2596	31	1	according	accord	VERB
ajbmeb-2596	31	2	to	to	ADP
ajbmeb-2596	31	3	domestic	domestic	ADJ
ajbmeb-2596	31	4	researcher	researcher	NOUN
ajbmeb-2596	31	5	in	in	ADP
ajbmeb-2596	31	6	the	the	DET
ajbmeb-2596	31	7	field	field	NOUN
ajbmeb-2596	31	8	of	of	ADP
ajbmeb-2596	31	9	securities	security	NOUN
ajbmeb-2596	31	10	trading	trading	NOUN
ajbmeb-2596	31	11	,	,	PUNCT
ajbmeb-2596	31	12	farkhod	farkhod	PROPN
ajbmeb-2596	31	13	mukhamedov	mukhamedov	PROPN
ajbmeb-2596	31	14	:	:	PUNCT
ajbmeb-2596	31	15	“	"	PUNCT
ajbmeb-2596	31	16	the	the	DET
ajbmeb-2596	31	17	securities	security	NOUN
ajbmeb-2596	31	18	market	market	NOUN
ajbmeb-2596	31	19	has	have	AUX
ajbmeb-2596	31	20	been	be	AUX
ajbmeb-2596	31	21	stagnant	stagnant	ADJ
ajbmeb-2596	31	22	for	for	ADP
ajbmeb-2596	31	23	many	many	ADJ
ajbmeb-2596	31	24	years	year	NOUN
ajbmeb-2596	31	25	,	,	PUNCT
ajbmeb-2596	31	26	and	and	CCONJ
ajbmeb-2596	31	27	if	if	SCONJ
ajbmeb-2596	31	28	the	the	DET
ajbmeb-2596	31	29	government	government	NOUN
ajbmeb-2596	31	30	is	be	AUX
ajbmeb-2596	31	31	truly	truly	ADV
ajbmeb-2596	31	32	committed	committed	ADJ
ajbmeb-2596	31	33	to	to	ADP
ajbmeb-2596	31	34	american	american	ADJ
ajbmeb-2596	31	35	journal	journal	PROPN
ajbmeb-2596	31	36	of	of	ADP
ajbmeb-2596	31	37	business	business	NOUN
ajbmeb-2596	31	38	management	management	NOUN
ajbmeb-2596	31	39	,	,	PUNCT
ajbmeb-2596	31	40	economics	economic	NOUN
ajbmeb-2596	31	41	and	and	CCONJ
ajbmeb-2596	31	42	banking	banking	NOUN
ajbmeb-2596	31	43	volume	volume	NOUN
ajbmeb-2596	31	44	37	37	NUM
ajbmeb-2596	31	45	june2025	june2025	PROPN
ajbmeb-2596	31	46	p	p	NOUN
ajbmeb-2596	31	47	a	a	DET
ajbmeb-2596	31	48	g	g	NOUN
ajbmeb-2596	31	49	e	e	NOUN
ajbmeb-2596	31	50	|	|	NOUN
ajbmeb-2596	31	51	121	121	NUM
ajbmeb-2596	31	52	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-2596	31	53	developing	develop	VERB
ajbmeb-2596	31	54	this	this	DET
ajbmeb-2596	31	55	market	market	NOUN
ajbmeb-2596	31	56	,	,	PUNCT
ajbmeb-2596	31	57	it	it	PRON
ajbmeb-2596	31	58	must	must	AUX
ajbmeb-2596	31	59	take	take	VERB
ajbmeb-2596	31	60	decisive	decisive	ADJ
ajbmeb-2596	31	61	action	action	NOUN
ajbmeb-2596	31	62	,	,	PUNCT
ajbmeb-2596	31	63	carry	carry	VERB
ajbmeb-2596	31	64	out	out	ADP
ajbmeb-2596	31	65	radical	radical	ADJ
ajbmeb-2596	31	66	reforms	reform	NOUN
ajbmeb-2596	31	67	,	,	PUNCT
ajbmeb-2596	31	68	and	and	CCONJ
ajbmeb-2596	31	69	widely	widely	ADV
ajbmeb-2596	31	70	privatize	privatize	VERB
ajbmeb-2596	31	71	joint	joint	ADJ
ajbmeb-2596	31	72	-	-	PUNCT
ajbmeb-2596	31	73	stock	stock	NOUN
ajbmeb-2596	31	74	companies	company	NOUN
ajbmeb-2596	31	75	with	with	ADP
ajbmeb-2596	31	76	state	state	NOUN
ajbmeb-2596	31	77	participation	participation	NOUN
ajbmeb-2596	31	78	.	.	PUNCT
ajbmeb-2596	31	79	”	"	PUNCT
ajbmeb-2596	32	1	[	[	X
ajbmeb-2596	32	2	8	8	NUM
ajbmeb-2596	32	3	]	]	PUNCT
ajbmeb-2596	32	4	according	accord	VERB
ajbmeb-2596	32	5	to	to	ADP
ajbmeb-2596	32	6	professor	professor	PROPN
ajbmeb-2596	32	7	b.	b.	PROPN
ajbmeb-2596	32	8	kobilov	kobilov	PROPN
ajbmeb-2596	32	9	of	of	ADP
ajbmeb-2596	32	10	the	the	DET
ajbmeb-2596	32	11	university	university	PROPN
ajbmeb-2596	32	12	of	of	ADP
ajbmeb-2596	32	13	texas	texas	PROPN
ajbmeb-2596	32	14	:	:	PUNCT
ajbmeb-2596	32	15	“	"	PUNCT
ajbmeb-2596	32	16	if	if	SCONJ
ajbmeb-2596	32	17	the	the	DET
ajbmeb-2596	32	18	process	process	NOUN
ajbmeb-2596	32	19	of	of	ADP
ajbmeb-2596	32	20	privatizing	privatize	VERB
ajbmeb-2596	32	21	state	state	NOUN
ajbmeb-2596	32	22	-	-	PUNCT
ajbmeb-2596	32	23	owned	own	VERB
ajbmeb-2596	32	24	enterprises	enterprise	NOUN
ajbmeb-2596	32	25	continues	continue	VERB
ajbmeb-2596	32	26	effectively	effectively	ADV
ajbmeb-2596	32	27	,	,	PUNCT
ajbmeb-2596	32	28	private	private	ADJ
ajbmeb-2596	32	29	capital	capital	NOUN
ajbmeb-2596	32	30	will	will	AUX
ajbmeb-2596	32	31	begin	begin	VERB
ajbmeb-2596	32	32	to	to	PART
ajbmeb-2596	32	33	enter	enter	VERB
ajbmeb-2596	32	34	the	the	DET
ajbmeb-2596	32	35	market	market	NOUN
ajbmeb-2596	32	36	,	,	PUNCT
ajbmeb-2596	32	37	and	and	CCONJ
ajbmeb-2596	32	38	its	its	PRON
ajbmeb-2596	32	39	liquidity	liquidity	NOUN
ajbmeb-2596	32	40	will	will	AUX
ajbmeb-2596	32	41	increase	increase	VERB
ajbmeb-2596	32	42	.	.	PUNCT
ajbmeb-2596	32	43	”	"	PUNCT
ajbmeb-2596	33	1	[	[	X
ajbmeb-2596	33	2	9	9	NUM
ajbmeb-2596	33	3	]	]	PUNCT
ajbmeb-2596	33	4	in	in	ADP
ajbmeb-2596	33	5	the	the	DET
ajbmeb-2596	33	6	author	author	NOUN
ajbmeb-2596	33	7	's	's	PART
ajbmeb-2596	33	8	view	view	NOUN
ajbmeb-2596	33	9	,	,	PUNCT
ajbmeb-2596	33	10	“	"	PUNCT
ajbmeb-2596	33	11	the	the	DET
ajbmeb-2596	33	12	state	state	NOUN
ajbmeb-2596	33	13	is	be	AUX
ajbmeb-2596	33	14	the	the	DET
ajbmeb-2596	33	15	worst	bad	ADJ
ajbmeb-2596	33	16	manager	manager	NOUN
ajbmeb-2596	33	17	.	.	PUNCT
ajbmeb-2596	33	18	”	"	PUNCT
ajbmeb-2596	34	1	therefore	therefore	ADV
ajbmeb-2596	34	2	,	,	PUNCT
ajbmeb-2596	34	3	accelerating	accelerate	VERB
ajbmeb-2596	34	4	the	the	DET
ajbmeb-2596	34	5	privatization	privatization	NOUN
ajbmeb-2596	34	6	process	process	NOUN
ajbmeb-2596	34	7	and	and	CCONJ
ajbmeb-2596	34	8	significantly	significantly	ADV
ajbmeb-2596	34	9	reducing	reduce	VERB
ajbmeb-2596	34	10	the	the	DET
ajbmeb-2596	34	11	state	state	NOUN
ajbmeb-2596	34	12	's	's	PART
ajbmeb-2596	34	13	share	share	NOUN
ajbmeb-2596	34	14	will	will	AUX
ajbmeb-2596	34	15	contribute	contribute	VERB
ajbmeb-2596	34	16	to	to	ADP
ajbmeb-2596	34	17	the	the	DET
ajbmeb-2596	34	18	further	further	ADJ
ajbmeb-2596	34	19	development	development	NOUN
ajbmeb-2596	34	20	of	of	ADP
ajbmeb-2596	34	21	market	market	NOUN
ajbmeb-2596	34	22	relations	relation	NOUN
ajbmeb-2596	34	23	.	.	PUNCT
ajbmeb-2596	35	1	analysis	analysis	NOUN
ajbmeb-2596	35	2	and	and	CCONJ
ajbmeb-2596	35	3	results	result	VERB
ajbmeb-2596	35	4	privatization	privatization	NOUN
ajbmeb-2596	35	5	is	be	AUX
ajbmeb-2596	35	6	one	one	NUM
ajbmeb-2596	35	7	of	of	ADP
ajbmeb-2596	35	8	the	the	DET
ajbmeb-2596	35	9	most	most	ADV
ajbmeb-2596	35	10	important	important	ADJ
ajbmeb-2596	35	11	elements	element	NOUN
ajbmeb-2596	35	12	of	of	ADP
ajbmeb-2596	35	13	economic	economic	ADJ
ajbmeb-2596	35	14	transformation	transformation	NOUN
ajbmeb-2596	35	15	and	and	CCONJ
ajbmeb-2596	35	16	achieving	achieve	VERB
ajbmeb-2596	35	17	higher	high	ADJ
ajbmeb-2596	35	18	levels	level	NOUN
ajbmeb-2596	35	19	of	of	ADP
ajbmeb-2596	35	20	development	development	NOUN
ajbmeb-2596	35	21	.	.	PUNCT
ajbmeb-2596	36	1	it	it	PRON
ajbmeb-2596	36	2	should	should	AUX
ajbmeb-2596	36	3	contribute	contribute	VERB
ajbmeb-2596	36	4	to	to	ADP
ajbmeb-2596	36	5	increasing	increase	VERB
ajbmeb-2596	36	6	budget	budget	NOUN
ajbmeb-2596	36	7	revenues	revenue	NOUN
ajbmeb-2596	36	8	,	,	PUNCT
ajbmeb-2596	36	9	improving	improve	VERB
ajbmeb-2596	36	10	the	the	DET
ajbmeb-2596	36	11	living	living	NOUN
ajbmeb-2596	36	12	conditions	condition	NOUN
ajbmeb-2596	36	13	of	of	ADP
ajbmeb-2596	36	14	the	the	DET
ajbmeb-2596	36	15	population	population	NOUN
ajbmeb-2596	36	16	,	,	PUNCT
ajbmeb-2596	36	17	ensuring	ensure	VERB
ajbmeb-2596	36	18	the	the	DET
ajbmeb-2596	36	19	future	future	ADJ
ajbmeb-2596	36	20	development	development	NOUN
ajbmeb-2596	36	21	of	of	ADP
ajbmeb-2596	36	22	companies	company	NOUN
ajbmeb-2596	36	23	by	by	ADP
ajbmeb-2596	36	24	attracting	attract	VERB
ajbmeb-2596	36	25	know	know	NOUN
ajbmeb-2596	36	26	-	-	PUNCT
ajbmeb-2596	36	27	how	how	SCONJ
ajbmeb-2596	36	28	and	and	CCONJ
ajbmeb-2596	36	29	private	private	ADJ
ajbmeb-2596	36	30	capital	capital	NOUN
ajbmeb-2596	36	31	,	,	PUNCT
ajbmeb-2596	36	32	and	and	CCONJ
ajbmeb-2596	36	33	,	,	PUNCT
ajbmeb-2596	36	34	overall	overall	ADV
ajbmeb-2596	36	35	,	,	PUNCT
ajbmeb-2596	36	36	enhancing	enhance	VERB
ajbmeb-2596	36	37	the	the	DET
ajbmeb-2596	36	38	efficiency	efficiency	NOUN
ajbmeb-2596	36	39	of	of	ADP
ajbmeb-2596	36	40	resource	resource	NOUN
ajbmeb-2596	36	41	utilization	utilization	NOUN
ajbmeb-2596	36	42	across	across	ADP
ajbmeb-2596	36	43	all	all	DET
ajbmeb-2596	36	44	sectors	sector	NOUN
ajbmeb-2596	36	45	.	.	PUNCT
ajbmeb-2596	37	1	at	at	ADP
ajbmeb-2596	37	2	the	the	DET
ajbmeb-2596	37	3	same	same	ADJ
ajbmeb-2596	37	4	time	time	NOUN
ajbmeb-2596	37	5	,	,	PUNCT
ajbmeb-2596	37	6	it	it	PRON
ajbmeb-2596	37	7	should	should	AUX
ajbmeb-2596	37	8	be	be	AUX
ajbmeb-2596	37	9	noted	note	VERB
ajbmeb-2596	37	10	that	that	SCONJ
ajbmeb-2596	37	11	the	the	DET
ajbmeb-2596	37	12	measures	measure	NOUN
ajbmeb-2596	37	13	taken	take	VERB
ajbmeb-2596	37	14	by	by	ADP
ajbmeb-2596	37	15	the	the	DET
ajbmeb-2596	37	16	government	government	NOUN
ajbmeb-2596	37	17	have	have	AUX
ajbmeb-2596	37	18	not	not	PART
ajbmeb-2596	37	19	yet	yet	ADV
ajbmeb-2596	37	20	produced	produce	VERB
ajbmeb-2596	37	21	significant	significant	ADJ
ajbmeb-2596	37	22	results	result	NOUN
ajbmeb-2596	37	23	.	.	PUNCT
ajbmeb-2596	38	1	it	it	PRON
ajbmeb-2596	38	2	is	be	AUX
ajbmeb-2596	38	3	still	still	ADV
ajbmeb-2596	38	4	premature	premature	ADJ
ajbmeb-2596	38	5	to	to	PART
ajbmeb-2596	38	6	speak	speak	VERB
ajbmeb-2596	38	7	of	of	ADP
ajbmeb-2596	38	8	major	major	ADJ
ajbmeb-2596	38	9	achievements	achievement	NOUN
ajbmeb-2596	38	10	in	in	ADP
ajbmeb-2596	38	11	this	this	DET
ajbmeb-2596	38	12	area	area	NOUN
ajbmeb-2596	38	13	.	.	PUNCT
ajbmeb-2596	39	1	nevertheless	nevertheless	ADV
ajbmeb-2596	39	2	,	,	PUNCT
ajbmeb-2596	39	3	the	the	DET
ajbmeb-2596	39	4	economic	economic	ADJ
ajbmeb-2596	39	5	well	well	NOUN
ajbmeb-2596	39	6	-	-	PUNCT
ajbmeb-2596	39	7	being	being	NOUN
ajbmeb-2596	39	8	of	of	ADP
ajbmeb-2596	39	9	the	the	DET
ajbmeb-2596	39	10	country	country	NOUN
ajbmeb-2596	39	11	largely	largely	ADV
ajbmeb-2596	39	12	depends	depend	VERB
ajbmeb-2596	39	13	on	on	ADP
ajbmeb-2596	39	14	the	the	DET
ajbmeb-2596	39	15	successful	successful	ADJ
ajbmeb-2596	39	16	implementation	implementation	NOUN
ajbmeb-2596	39	17	of	of	ADP
ajbmeb-2596	39	18	privatization	privatization	NOUN
ajbmeb-2596	39	19	.	.	PUNCT
ajbmeb-2596	40	1	international	international	ADJ
ajbmeb-2596	40	2	practice	practice	NOUN
ajbmeb-2596	40	3	offers	offer	VERB
ajbmeb-2596	40	4	successful	successful	ADJ
ajbmeb-2596	40	5	examples	example	NOUN
ajbmeb-2596	40	6	in	in	ADP
ajbmeb-2596	40	7	the	the	DET
ajbmeb-2596	40	8	field	field	NOUN
ajbmeb-2596	40	9	of	of	ADP
ajbmeb-2596	40	10	privatization	privatization	NOUN
ajbmeb-2596	40	11	.	.	PUNCT
ajbmeb-2596	41	1	in	in	ADP
ajbmeb-2596	41	2	particular	particular	ADJ
ajbmeb-2596	41	3	,	,	PUNCT
ajbmeb-2596	41	4	we	we	PRON
ajbmeb-2596	41	5	would	would	AUX
ajbmeb-2596	41	6	like	like	VERB
ajbmeb-2596	41	7	to	to	PART
ajbmeb-2596	41	8	draw	draw	VERB
ajbmeb-2596	41	9	attention	attention	NOUN
ajbmeb-2596	41	10	to	to	ADP
ajbmeb-2596	41	11	the	the	DET
ajbmeb-2596	41	12	experience	experience	NOUN
ajbmeb-2596	41	13	of	of	ADP
ajbmeb-2596	41	14	romania	romania	PROPN
ajbmeb-2596	41	15	,	,	PUNCT
ajbmeb-2596	41	16	where	where	SCONJ
ajbmeb-2596	41	17	conditions	condition	NOUN
ajbmeb-2596	41	18	were	be	AUX
ajbmeb-2596	41	19	created	create	VERB
ajbmeb-2596	41	20	to	to	PART
ajbmeb-2596	41	21	promote	promote	VERB
ajbmeb-2596	41	22	the	the	DET
ajbmeb-2596	41	23	privatization	privatization	NOUN
ajbmeb-2596	41	24	process	process	NOUN
ajbmeb-2596	41	25	—	—	PUNCT
ajbmeb-2596	41	26	conditions	condition	NOUN
ajbmeb-2596	41	27	that	that	SCONJ
ajbmeb-2596	41	28	in	in	ADP
ajbmeb-2596	41	29	many	many	ADJ
ajbmeb-2596	41	30	ways	way	NOUN
ajbmeb-2596	41	31	resemble	resemble	VERB
ajbmeb-2596	41	32	the	the	DET
ajbmeb-2596	41	33	current	current	ADJ
ajbmeb-2596	41	34	situation	situation	NOUN
ajbmeb-2596	41	35	in	in	ADP
ajbmeb-2596	41	36	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	41	37	.	.	PUNCT
ajbmeb-2596	42	1	since	since	SCONJ
ajbmeb-2596	42	2	the	the	DET
ajbmeb-2596	42	3	early	early	ADJ
ajbmeb-2596	42	4	2000s	2000s	NUM
ajbmeb-2596	42	5	,	,	PUNCT
ajbmeb-2596	42	6	romania	romania	PROPN
ajbmeb-2596	42	7	has	have	AUX
ajbmeb-2596	42	8	experienced	experience	VERB
ajbmeb-2596	42	9	a	a	DET
ajbmeb-2596	42	10	sharp	sharp	ADJ
ajbmeb-2596	42	11	increase	increase	NOUN
ajbmeb-2596	42	12	in	in	ADP
ajbmeb-2596	42	13	gross	gross	ADJ
ajbmeb-2596	42	14	domestic	domestic	ADJ
ajbmeb-2596	42	15	product	product	NOUN
ajbmeb-2596	42	16	—	—	PUNCT
ajbmeb-2596	42	17	from	from	ADP
ajbmeb-2596	42	18	usd	usd	NOUN
ajbmeb-2596	42	19	37	37	NUM
ajbmeb-2596	42	20	billion	billion	NUM
ajbmeb-2596	42	21	in	in	ADP
ajbmeb-2596	42	22	2000	2000	NUM
ajbmeb-2596	42	23	to	to	ADP
ajbmeb-2596	42	24	usd	usd	NOUN
ajbmeb-2596	42	25	98	98	NUM
ajbmeb-2596	42	26	billion	billion	NUM
ajbmeb-2596	42	27	in	in	ADP
ajbmeb-2596	42	28	2005	2005	NUM
ajbmeb-2596	42	29	,	,	PUNCT
ajbmeb-2596	42	30	representing	represent	VERB
ajbmeb-2596	42	31	a	a	DET
ajbmeb-2596	42	32	rise	rise	NOUN
ajbmeb-2596	42	33	in	in	ADP
ajbmeb-2596	42	34	per	per	ADP
ajbmeb-2596	42	35	capita	capita	NOUN
ajbmeb-2596	42	36	income	income	NOUN
ajbmeb-2596	42	37	from	from	ADP
ajbmeb-2596	42	38	approximately	approximately	ADV
ajbmeb-2596	42	39	usd	usd	NOUN
ajbmeb-2596	42	40	1,700	1,700	NUM
ajbmeb-2596	42	41	to	to	PART
ajbmeb-2596	42	42	over	over	ADP
ajbmeb-2596	42	43	usd	usd	NOUN
ajbmeb-2596	42	44	4,500	4,500	NUM
ajbmeb-2596	42	45	.	.	PUNCT
ajbmeb-2596	43	1	the	the	DET
ajbmeb-2596	43	2	main	main	ADJ
ajbmeb-2596	43	3	contributing	contribute	VERB
ajbmeb-2596	43	4	factor	factor	NOUN
ajbmeb-2596	43	5	was	be	AUX
ajbmeb-2596	43	6	the	the	DET
ajbmeb-2596	43	7	increase	increase	NOUN
ajbmeb-2596	43	8	in	in	ADP
ajbmeb-2596	43	9	export	export	NOUN
ajbmeb-2596	43	10	volumes	volume	NOUN
ajbmeb-2596	43	11	to	to	ADP
ajbmeb-2596	43	12	european	european	ADJ
ajbmeb-2596	43	13	countries	country	NOUN
ajbmeb-2596	43	14	[	[	X
ajbmeb-2596	43	15	10	10	NUM
ajbmeb-2596	43	16	]	]	PUNCT
ajbmeb-2596	43	17	.	.	PUNCT
ajbmeb-2596	44	1	an	an	DET
ajbmeb-2596	44	2	inflation	inflation	NOUN
ajbmeb-2596	44	3	targeting	target	VERB
ajbmeb-2596	44	4	system	system	NOUN
ajbmeb-2596	44	5	was	be	AUX
ajbmeb-2596	44	6	introduced	introduce	VERB
ajbmeb-2596	44	7	,	,	PUNCT
ajbmeb-2596	44	8	the	the	DET
ajbmeb-2596	44	9	privatization	privatization	NOUN
ajbmeb-2596	44	10	of	of	ADP
ajbmeb-2596	44	11	the	the	DET
ajbmeb-2596	44	12	banking	banking	NOUN
ajbmeb-2596	44	13	sector	sector	NOUN
ajbmeb-2596	44	14	began	begin	VERB
ajbmeb-2596	44	15	,	,	PUNCT
ajbmeb-2596	44	16	tax	tax	NOUN
ajbmeb-2596	44	17	reforms	reform	NOUN
ajbmeb-2596	44	18	were	be	AUX
ajbmeb-2596	44	19	implemented	implement	VERB
ajbmeb-2596	44	20	,	,	PUNCT
ajbmeb-2596	44	21	and	and	CCONJ
ajbmeb-2596	44	22	pension	pension	NOUN
ajbmeb-2596	44	23	and	and	CCONJ
ajbmeb-2596	44	24	healthcare	healthcare	NOUN
ajbmeb-2596	44	25	system	system	NOUN
ajbmeb-2596	44	26	reforms	reform	NOUN
ajbmeb-2596	44	27	were	be	AUX
ajbmeb-2596	44	28	actively	actively	ADV
ajbmeb-2596	44	29	discussed	discuss	VERB
ajbmeb-2596	44	30	.	.	PUNCT
ajbmeb-2596	45	1	at	at	ADP
ajbmeb-2596	45	2	the	the	DET
ajbmeb-2596	45	3	same	same	ADJ
ajbmeb-2596	45	4	time	time	NOUN
ajbmeb-2596	45	5	,	,	PUNCT
ajbmeb-2596	45	6	a	a	DET
ajbmeb-2596	45	7	high	high	ADJ
ajbmeb-2596	45	8	share	share	NOUN
ajbmeb-2596	45	9	of	of	ADP
ajbmeb-2596	45	10	state	state	NOUN
ajbmeb-2596	45	11	ownership	ownership	NOUN
ajbmeb-2596	45	12	remained	remain	VERB
ajbmeb-2596	45	13	in	in	ADP
ajbmeb-2596	45	14	the	the	DET
ajbmeb-2596	45	15	country	country	NOUN
ajbmeb-2596	45	16	,	,	PUNCT
ajbmeb-2596	45	17	enterprises	enterprise	NOUN
ajbmeb-2596	45	18	were	be	AUX
ajbmeb-2596	45	19	inefficient	inefficient	ADJ
ajbmeb-2596	45	20	,	,	PUNCT
ajbmeb-2596	45	21	serious	serious	ADJ
ajbmeb-2596	45	22	problems	problem	NOUN
ajbmeb-2596	45	23	related	relate	VERB
ajbmeb-2596	45	24	to	to	ADP
ajbmeb-2596	45	25	corruption	corruption	NOUN
ajbmeb-2596	45	26	persisted	persist	VERB
ajbmeb-2596	45	27	,	,	PUNCT
ajbmeb-2596	45	28	and	and	CCONJ
ajbmeb-2596	45	29	the	the	DET
ajbmeb-2596	45	30	domestic	domestic	ADJ
ajbmeb-2596	45	31	capital	capital	NOUN
ajbmeb-2596	45	32	market	market	NOUN
ajbmeb-2596	45	33	remained	remain	VERB
ajbmeb-2596	45	34	underdeveloped	underdeveloped	ADJ
ajbmeb-2596	46	1	[	[	X
ajbmeb-2596	46	2	11	11	NUM
ajbmeb-2596	46	3	]	]	PUNCT
ajbmeb-2596	46	4	.	.	PUNCT
ajbmeb-2596	47	1	in	in	ADP
ajbmeb-2596	47	2	2005	2005	NUM
ajbmeb-2596	47	3	,	,	PUNCT
ajbmeb-2596	47	4	at	at	ADP
ajbmeb-2596	47	5	the	the	DET
ajbmeb-2596	47	6	initiative	initiative	NOUN
ajbmeb-2596	47	7	of	of	ADP
ajbmeb-2596	47	8	the	the	DET
ajbmeb-2596	47	9	government	government	NOUN
ajbmeb-2596	47	10	,	,	PUNCT
ajbmeb-2596	47	11	a	a	DET
ajbmeb-2596	47	12	special	special	ADJ
ajbmeb-2596	47	13	investment	investment	NOUN
ajbmeb-2596	47	14	fund	fund	NOUN
ajbmeb-2596	47	15	called	call	VERB
ajbmeb-2596	47	16	fondul	fondul	PROPN
ajbmeb-2596	47	17	proprietatea	proprietatea	NOUN
ajbmeb-2596	47	18	was	be	AUX
ajbmeb-2596	47	19	established	establish	VERB
ajbmeb-2596	47	20	,	,	PUNCT
ajbmeb-2596	47	21	into	into	ADP
ajbmeb-2596	47	22	which	which	PRON
ajbmeb-2596	47	23	the	the	DET
ajbmeb-2596	47	24	state	state	NOUN
ajbmeb-2596	47	25	transferred	transfer	VERB
ajbmeb-2596	47	26	its	its	PRON
ajbmeb-2596	47	27	shares	share	NOUN
ajbmeb-2596	47	28	in	in	ADP
ajbmeb-2596	47	29	80	80	NUM
ajbmeb-2596	47	30	companies	company	NOUN
ajbmeb-2596	47	31	.	.	PUNCT
ajbmeb-2596	48	1	these	these	PRON
ajbmeb-2596	48	2	included	include	VERB
ajbmeb-2596	48	3	strategically	strategically	ADV
ajbmeb-2596	48	4	important	important	ADJ
ajbmeb-2596	48	5	assets	asset	NOUN
ajbmeb-2596	48	6	such	such	ADJ
ajbmeb-2596	48	7	as	as	ADP
ajbmeb-2596	48	8	electricity	electricity	NOUN
ajbmeb-2596	48	9	and	and	CCONJ
ajbmeb-2596	48	10	gas	gas	NOUN
ajbmeb-2596	48	11	production	production	NOUN
ajbmeb-2596	48	12	and	and	CCONJ
ajbmeb-2596	48	13	distribution	distribution	NOUN
ajbmeb-2596	48	14	(	(	PUNCT
ajbmeb-2596	48	15	including	include	VERB
ajbmeb-2596	48	16	nuclear	nuclear	ADJ
ajbmeb-2596	48	17	power	power	NOUN
ajbmeb-2596	48	18	plants	plant	NOUN
ajbmeb-2596	48	19	)	)	PUNCT
ajbmeb-2596	48	20	,	,	PUNCT
ajbmeb-2596	48	21	seaports	seaport	NOUN
ajbmeb-2596	48	22	on	on	ADP
ajbmeb-2596	48	23	the	the	DET
ajbmeb-2596	48	24	black	black	PROPN
ajbmeb-2596	48	25	sea	sea	PROPN
ajbmeb-2596	48	26	,	,	PUNCT
ajbmeb-2596	48	27	airports	airport	NOUN
ajbmeb-2596	48	28	,	,	PUNCT
ajbmeb-2596	48	29	and	and	CCONJ
ajbmeb-2596	48	30	other	other	ADJ
ajbmeb-2596	48	31	enterprises	enterprise	NOUN
ajbmeb-2596	48	32	.	.	PUNCT
ajbmeb-2596	49	1	it	it	PRON
ajbmeb-2596	49	2	should	should	AUX
ajbmeb-2596	49	3	be	be	AUX
ajbmeb-2596	49	4	noted	note	VERB
ajbmeb-2596	49	5	that	that	SCONJ
ajbmeb-2596	49	6	in	in	ADP
ajbmeb-2596	49	7	most	most	ADJ
ajbmeb-2596	49	8	cases	case	NOUN
ajbmeb-2596	49	9	,	,	PUNCT
ajbmeb-2596	49	10	minority	minority	NOUN
ajbmeb-2596	49	11	stakes	stake	NOUN
ajbmeb-2596	49	12	(	(	PUNCT
ajbmeb-2596	49	13	10–20	10–20	NUM
ajbmeb-2596	49	14	%	%	NOUN
ajbmeb-2596	49	15	)	)	PUNCT
ajbmeb-2596	49	16	were	be	AUX
ajbmeb-2596	49	17	transferred	transfer	VERB
ajbmeb-2596	49	18	rather	rather	ADV
ajbmeb-2596	49	19	than	than	ADP
ajbmeb-2596	49	20	controlling	control	VERB
ajbmeb-2596	49	21	shares	share	NOUN
ajbmeb-2596	49	22	subject	subject	ADJ
ajbmeb-2596	49	23	to	to	ADP
ajbmeb-2596	49	24	privatization	privatization	NOUN
ajbmeb-2596	49	25	.	.	PUNCT
ajbmeb-2596	50	1	as	as	ADP
ajbmeb-2596	50	2	a	a	DET
ajbmeb-2596	50	3	result	result	NOUN
ajbmeb-2596	50	4	,	,	PUNCT
ajbmeb-2596	50	5	control	control	NOUN
ajbmeb-2596	50	6	over	over	ADP
ajbmeb-2596	50	7	the	the	DET
ajbmeb-2596	50	8	enterprises	enterprise	NOUN
ajbmeb-2596	50	9	(	(	PUNCT
ajbmeb-2596	50	10	51	51	NUM
ajbmeb-2596	50	11	%	%	NOUN
ajbmeb-2596	50	12	or	or	CCONJ
ajbmeb-2596	50	13	more	more	ADJ
ajbmeb-2596	50	14	)	)	PUNCT
ajbmeb-2596	50	15	remained	remain	VERB
ajbmeb-2596	50	16	with	with	ADP
ajbmeb-2596	50	17	the	the	DET
ajbmeb-2596	50	18	state	state	NOUN
ajbmeb-2596	50	19	.	.	PUNCT
ajbmeb-2596	51	1	several	several	ADJ
ajbmeb-2596	51	2	years	year	NOUN
ajbmeb-2596	51	3	were	be	AUX
ajbmeb-2596	51	4	required	require	VERB
ajbmeb-2596	51	5	for	for	ADP
ajbmeb-2596	51	6	approval	approval	NOUN
ajbmeb-2596	51	7	,	,	PUNCT
ajbmeb-2596	51	8	evaluation	evaluation	NOUN
ajbmeb-2596	51	9	,	,	PUNCT
ajbmeb-2596	51	10	and	and	CCONJ
ajbmeb-2596	51	11	other	other	ADJ
ajbmeb-2596	51	12	legislative	legislative	ADJ
ajbmeb-2596	51	13	procedures	procedure	NOUN
ajbmeb-2596	51	14	,	,	PUNCT
ajbmeb-2596	51	15	and	and	CCONJ
ajbmeb-2596	51	16	only	only	ADV
ajbmeb-2596	51	17	in	in	ADP
ajbmeb-2596	51	18	2008	2008	NUM
ajbmeb-2596	51	19	did	do	VERB
ajbmeb-2596	51	20	the	the	DET
ajbmeb-2596	51	21	process	process	NOUN
ajbmeb-2596	51	22	of	of	ADP
ajbmeb-2596	51	23	selecting	select	VERB
ajbmeb-2596	51	24	an	an	DET
ajbmeb-2596	51	25	international	international	ADJ
ajbmeb-2596	51	26	manager	manager	NOUN
ajbmeb-2596	51	27	for	for	ADP
ajbmeb-2596	51	28	the	the	DET
ajbmeb-2596	51	29	fund	fund	NOUN
ajbmeb-2596	51	30	begin	begin	VERB
ajbmeb-2596	51	31	.	.	PUNCT
ajbmeb-2596	52	1	in	in	ADP
ajbmeb-2596	52	2	2009	2009	NUM
ajbmeb-2596	52	3	,	,	PUNCT
ajbmeb-2596	52	4	the	the	DET
ajbmeb-2596	52	5	winner	winner	NOUN
ajbmeb-2596	52	6	of	of	ADP
ajbmeb-2596	52	7	the	the	DET
ajbmeb-2596	52	8	tender	tender	NOUN
ajbmeb-2596	52	9	—	—	PUNCT
ajbmeb-2596	52	10	which	which	PRON
ajbmeb-2596	52	11	included	include	VERB
ajbmeb-2596	52	12	participation	participation	NOUN
ajbmeb-2596	52	13	from	from	ADP
ajbmeb-2596	52	14	over	over	ADP
ajbmeb-2596	52	15	30	30	NUM
ajbmeb-2596	52	16	investment	investment	NOUN
ajbmeb-2596	52	17	firms	firm	NOUN
ajbmeb-2596	52	18	—	—	PUNCT
ajbmeb-2596	52	19	was	be	AUX
ajbmeb-2596	52	20	franklin	franklin	PROPN
ajbmeb-2596	52	21	templeton	templeton	PROPN
ajbmeb-2596	52	22	,	,	PUNCT
ajbmeb-2596	52	23	a	a	DET
ajbmeb-2596	52	24	company	company	NOUN
ajbmeb-2596	52	25	managing	manage	VERB
ajbmeb-2596	52	26	assets	asset	NOUN
ajbmeb-2596	52	27	worth	worth	ADJ
ajbmeb-2596	52	28	usd	usd	PROPN
ajbmeb-2596	52	29	1.4	1.4	NUM
ajbmeb-2596	52	30	trillion	trillion	NUM
ajbmeb-2596	52	31	and	and	CCONJ
ajbmeb-2596	52	32	ranked	rank	VERB
ajbmeb-2596	52	33	among	among	ADP
ajbmeb-2596	52	34	the	the	DET
ajbmeb-2596	52	35	world	world	NOUN
ajbmeb-2596	52	36	’s	’s	PART
ajbmeb-2596	52	37	top	top	ADJ
ajbmeb-2596	52	38	20	20	NUM
ajbmeb-2596	52	39	asset	asset	NOUN
ajbmeb-2596	52	40	management	management	NOUN
ajbmeb-2596	52	41	firms	firm	NOUN
ajbmeb-2596	52	42	with	with	ADP
ajbmeb-2596	52	43	a	a	DET
ajbmeb-2596	52	44	history	history	NOUN
ajbmeb-2596	52	45	of	of	ADP
ajbmeb-2596	52	46	over	over	ADP
ajbmeb-2596	52	47	70	70	NUM
ajbmeb-2596	52	48	years	year	NOUN
ajbmeb-2596	52	49	.	.	PUNCT
ajbmeb-2596	53	1	the	the	DET
ajbmeb-2596	53	2	involvement	involvement	NOUN
ajbmeb-2596	53	3	of	of	ADP
ajbmeb-2596	53	4	a	a	DET
ajbmeb-2596	53	5	major	major	ADJ
ajbmeb-2596	53	6	international	international	ADJ
ajbmeb-2596	53	7	player	player	NOUN
ajbmeb-2596	53	8	with	with	ADP
ajbmeb-2596	53	9	a	a	DET
ajbmeb-2596	53	10	strong	strong	ADJ
ajbmeb-2596	53	11	reputation	reputation	NOUN
ajbmeb-2596	53	12	,	,	PUNCT
ajbmeb-2596	53	13	proven	prove	VERB
ajbmeb-2596	53	14	expertise	expertise	NOUN
ajbmeb-2596	53	15	in	in	ADP
ajbmeb-2596	53	16	managing	manage	VERB
ajbmeb-2596	53	17	funds	fund	NOUN
ajbmeb-2596	53	18	and	and	CCONJ
ajbmeb-2596	53	19	companies	company	NOUN
ajbmeb-2596	53	20	,	,	PUNCT
ajbmeb-2596	53	21	and	and	CCONJ
ajbmeb-2596	53	22	a	a	DET
ajbmeb-2596	53	23	broad	broad	ADJ
ajbmeb-2596	53	24	client	client	NOUN
ajbmeb-2596	53	25	base	base	NOUN
ajbmeb-2596	53	26	immediately	immediately	ADV
ajbmeb-2596	53	27	helped	help	VERB
ajbmeb-2596	53	28	position	position	VERB
ajbmeb-2596	53	29	the	the	DET
ajbmeb-2596	53	30	country	country	NOUN
ajbmeb-2596	53	31	on	on	ADP
ajbmeb-2596	53	32	the	the	DET
ajbmeb-2596	53	33	radar	radar	NOUN
ajbmeb-2596	53	34	of	of	ADP
ajbmeb-2596	53	35	american	american	PROPN
ajbmeb-2596	53	36	journal	journal	PROPN
ajbmeb-2596	53	37	of	of	ADP
ajbmeb-2596	53	38	business	business	NOUN
ajbmeb-2596	53	39	management	management	NOUN
ajbmeb-2596	53	40	,	,	PUNCT
ajbmeb-2596	53	41	economics	economic	NOUN
ajbmeb-2596	53	42	and	and	CCONJ
ajbmeb-2596	53	43	banking	banking	NOUN
ajbmeb-2596	53	44	volume	volume	NOUN
ajbmeb-2596	53	45	37	37	NUM
ajbmeb-2596	53	46	june2025	june2025	PROPN
ajbmeb-2596	53	47	p	p	NOUN
ajbmeb-2596	53	48	a	a	PRON
ajbmeb-2596	53	49	g	g	NOUN
ajbmeb-2596	53	50	e	e	NOUN
ajbmeb-2596	53	51	|	|	ADV
ajbmeb-2596	53	52	122	122	NUM
ajbmeb-2596	53	53	www.americanjournal.org	www.americanjournal.org	PROPN
ajbmeb-2596	53	54	international	international	ADJ
ajbmeb-2596	53	55	investors	investor	NOUN
ajbmeb-2596	53	56	.	.	PUNCT
ajbmeb-2596	54	1	in	in	ADP
ajbmeb-2596	54	2	addition	addition	NOUN
ajbmeb-2596	54	3	,	,	PUNCT
ajbmeb-2596	54	4	the	the	DET
ajbmeb-2596	54	5	company	company	NOUN
ajbmeb-2596	54	6	opened	open	VERB
ajbmeb-2596	54	7	its	its	PRON
ajbmeb-2596	54	8	largest	large	ADJ
ajbmeb-2596	54	9	office	office	NOUN
ajbmeb-2596	54	10	outside	outside	ADP
ajbmeb-2596	54	11	the	the	DET
ajbmeb-2596	54	12	united	united	PROPN
ajbmeb-2596	54	13	states	states	PROPN
ajbmeb-2596	54	14	in	in	ADP
ajbmeb-2596	54	15	bucharest	buchar	ADJ
ajbmeb-2596	54	16	,	,	PUNCT
ajbmeb-2596	54	17	employing	employ	VERB
ajbmeb-2596	54	18	dozens	dozen	NOUN
ajbmeb-2596	54	19	of	of	ADP
ajbmeb-2596	54	20	local	local	ADJ
ajbmeb-2596	54	21	and	and	CCONJ
ajbmeb-2596	54	22	international	international	ADJ
ajbmeb-2596	54	23	specialists	specialist	NOUN
ajbmeb-2596	54	24	,	,	PUNCT
ajbmeb-2596	54	25	which	which	PRON
ajbmeb-2596	54	26	facilitated	facilitate	VERB
ajbmeb-2596	54	27	the	the	DET
ajbmeb-2596	54	28	transfer	transfer	NOUN
ajbmeb-2596	54	29	of	of	ADP
ajbmeb-2596	54	30	knowledge	knowledge	NOUN
ajbmeb-2596	54	31	,	,	PUNCT
ajbmeb-2596	54	32	experience	experience	NOUN
ajbmeb-2596	54	33	,	,	PUNCT
ajbmeb-2596	54	34	and	and	CCONJ
ajbmeb-2596	54	35	know	know	NOUN
ajbmeb-2596	54	36	-	-	PUNCT
ajbmeb-2596	54	37	how	how	NOUN
ajbmeb-2596	54	38	to	to	ADP
ajbmeb-2596	54	39	the	the	DET
ajbmeb-2596	54	40	local	local	ADJ
ajbmeb-2596	54	41	market	market	NOUN
ajbmeb-2596	54	42	.	.	PUNCT
ajbmeb-2596	55	1	franklin	franklin	PROPN
ajbmeb-2596	55	2	templeton	templeton	PROPN
ajbmeb-2596	55	3	initiated	initiate	VERB
ajbmeb-2596	55	4	the	the	DET
ajbmeb-2596	55	5	regular	regular	ADJ
ajbmeb-2596	55	6	practice	practice	NOUN
ajbmeb-2596	55	7	of	of	ADP
ajbmeb-2596	55	8	hosting	host	VERB
ajbmeb-2596	55	9	conferences	conference	NOUN
ajbmeb-2596	55	10	and	and	CCONJ
ajbmeb-2596	55	11	meetings	meeting	NOUN
ajbmeb-2596	55	12	with	with	ADP
ajbmeb-2596	55	13	analysts	analyst	NOUN
ajbmeb-2596	55	14	at	at	ADP
ajbmeb-2596	55	15	both	both	CCONJ
ajbmeb-2596	55	16	the	the	DET
ajbmeb-2596	55	17	local	local	ADJ
ajbmeb-2596	55	18	and	and	CCONJ
ajbmeb-2596	55	19	international	international	ADJ
ajbmeb-2596	55	20	levels	level	NOUN
ajbmeb-2596	55	21	,	,	PUNCT
ajbmeb-2596	55	22	inviting	invite	VERB
ajbmeb-2596	55	23	company	company	NOUN
ajbmeb-2596	55	24	executives	executive	NOUN
ajbmeb-2596	55	25	and	and	CCONJ
ajbmeb-2596	55	26	government	government	NOUN
ajbmeb-2596	55	27	representatives	representative	NOUN
ajbmeb-2596	55	28	for	for	ADP
ajbmeb-2596	55	29	open	open	ADJ
ajbmeb-2596	55	30	dialogue	dialogue	NOUN
ajbmeb-2596	55	31	with	with	ADP
ajbmeb-2596	55	32	investors	investor	NOUN
ajbmeb-2596	55	33	.	.	PUNCT
ajbmeb-2596	56	1	by	by	ADP
ajbmeb-2596	56	2	2011	2011	NUM
ajbmeb-2596	56	3	,	,	PUNCT
ajbmeb-2596	56	4	the	the	DET
ajbmeb-2596	56	5	privatization	privatization	NOUN
ajbmeb-2596	56	6	fund	fund	NOUN
ajbmeb-2596	56	7	fondul	fondul	PROPN
ajbmeb-2596	56	8	proprietatea	proprietatea	NOUN
ajbmeb-2596	56	9	was	be	AUX
ajbmeb-2596	56	10	listed	list	VERB
ajbmeb-2596	56	11	on	on	ADP
ajbmeb-2596	56	12	the	the	DET
ajbmeb-2596	56	13	local	local	ADJ
ajbmeb-2596	56	14	stock	stock	NOUN
ajbmeb-2596	56	15	exchange	exchange	NOUN
ajbmeb-2596	56	16	,	,	PUNCT
ajbmeb-2596	56	17	allowing	allow	VERB
ajbmeb-2596	56	18	shareholders	shareholder	NOUN
ajbmeb-2596	56	19	to	to	PART
ajbmeb-2596	56	20	freely	freely	ADV
ajbmeb-2596	56	21	trade	trade	VERB
ajbmeb-2596	56	22	shares	share	NOUN
ajbmeb-2596	56	23	and	and	CCONJ
ajbmeb-2596	56	24	enabling	enable	VERB
ajbmeb-2596	56	25	new	new	ADJ
ajbmeb-2596	56	26	investors	investor	NOUN
ajbmeb-2596	56	27	to	to	PART
ajbmeb-2596	56	28	purchase	purchase	VERB
ajbmeb-2596	56	29	them	they	PRON
ajbmeb-2596	56	30	.	.	PUNCT
ajbmeb-2596	57	1	this	this	PRON
ajbmeb-2596	57	2	gave	give	VERB
ajbmeb-2596	57	3	the	the	DET
ajbmeb-2596	57	4	general	general	ADJ
ajbmeb-2596	57	5	population	population	NOUN
ajbmeb-2596	57	6	—	—	PUNCT
ajbmeb-2596	57	7	who	who	PRON
ajbmeb-2596	57	8	previously	previously	ADV
ajbmeb-2596	57	9	had	have	VERB
ajbmeb-2596	57	10	little	little	ADJ
ajbmeb-2596	57	11	trust	trust	NOUN
ajbmeb-2596	57	12	in	in	ADP
ajbmeb-2596	57	13	direct	direct	ADJ
ajbmeb-2596	57	14	investment	investment	NOUN
ajbmeb-2596	57	15	in	in	ADP
ajbmeb-2596	57	16	individual	individual	ADJ
ajbmeb-2596	57	17	state	state	NOUN
ajbmeb-2596	57	18	-	-	PUNCT
ajbmeb-2596	57	19	owned	own	VERB
ajbmeb-2596	57	20	enterprises	enterprise	NOUN
ajbmeb-2596	57	21	—	—	PUNCT
ajbmeb-2596	57	22	the	the	DET
ajbmeb-2596	57	23	opportunity	opportunity	NOUN
ajbmeb-2596	57	24	to	to	PART
ajbmeb-2596	57	25	participate	participate	VERB
ajbmeb-2596	57	26	in	in	ADP
ajbmeb-2596	57	27	the	the	DET
ajbmeb-2596	57	28	capital	capital	NOUN
ajbmeb-2596	57	29	of	of	ADP
ajbmeb-2596	57	30	major	major	ADJ
ajbmeb-2596	57	31	national	national	ADJ
ajbmeb-2596	57	32	companies	company	NOUN
ajbmeb-2596	57	33	.	.	PUNCT
ajbmeb-2596	58	1	moreover	moreover	ADV
ajbmeb-2596	58	2	,	,	PUNCT
ajbmeb-2596	58	3	many	many	ADJ
ajbmeb-2596	58	4	of	of	ADP
ajbmeb-2596	58	5	the	the	DET
ajbmeb-2596	58	6	individual	individual	ADJ
ajbmeb-2596	58	7	companies	company	NOUN
ajbmeb-2596	58	8	seemed	seem	VERB
ajbmeb-2596	58	9	too	too	ADV
ajbmeb-2596	58	10	small	small	ADJ
ajbmeb-2596	58	11	or	or	CCONJ
ajbmeb-2596	58	12	too	too	ADV
ajbmeb-2596	58	13	risky	risky	ADJ
ajbmeb-2596	58	14	for	for	ADP
ajbmeb-2596	58	15	foreign	foreign	ADJ
ajbmeb-2596	58	16	institutional	institutional	ADJ
ajbmeb-2596	58	17	portfolio	portfolio	NOUN
ajbmeb-2596	58	18	investors	investor	NOUN
ajbmeb-2596	58	19	.	.	PUNCT
ajbmeb-2596	59	1	for	for	ADP
ajbmeb-2596	59	2	such	such	ADJ
ajbmeb-2596	59	3	investors	investor	NOUN
ajbmeb-2596	59	4	,	,	PUNCT
ajbmeb-2596	59	5	the	the	DET
ajbmeb-2596	59	6	fund	fund	NOUN
ajbmeb-2596	59	7	provided	provide	VERB
ajbmeb-2596	59	8	an	an	DET
ajbmeb-2596	59	9	opportunity	opportunity	NOUN
ajbmeb-2596	59	10	to	to	PART
ajbmeb-2596	59	11	invest	invest	VERB
ajbmeb-2596	59	12	in	in	ADP
ajbmeb-2596	59	13	shares	share	NOUN
ajbmeb-2596	59	14	with	with	ADP
ajbmeb-2596	59	15	sufficient	sufficient	ADJ
ajbmeb-2596	59	16	scale	scale	NOUN
ajbmeb-2596	59	17	,	,	PUNCT
ajbmeb-2596	59	18	quality	quality	NOUN
ajbmeb-2596	59	19	management	management	NOUN
ajbmeb-2596	59	20	,	,	PUNCT
ajbmeb-2596	59	21	transparency	transparency	NOUN
ajbmeb-2596	59	22	,	,	PUNCT
ajbmeb-2596	59	23	and	and	CCONJ
ajbmeb-2596	59	24	liquidity	liquidity	NOUN
ajbmeb-2596	59	25	on	on	ADP
ajbmeb-2596	59	26	the	the	DET
ajbmeb-2596	59	27	stock	stock	NOUN
ajbmeb-2596	59	28	exchange	exchange	NOUN
ajbmeb-2596	59	29	.	.	PUNCT
ajbmeb-2596	60	1	in	in	ADP
ajbmeb-2596	60	2	2015	2015	NUM
ajbmeb-2596	60	3	,	,	PUNCT
ajbmeb-2596	60	4	global	global	ADJ
ajbmeb-2596	60	5	depositary	depositary	ADJ
ajbmeb-2596	60	6	receipts	receipt	NOUN
ajbmeb-2596	60	7	(	(	PUNCT
ajbmeb-2596	60	8	gdrs	gdr	NOUN
ajbmeb-2596	60	9	)	)	PUNCT
ajbmeb-2596	60	10	of	of	ADP
ajbmeb-2596	60	11	the	the	DET
ajbmeb-2596	60	12	fund	fund	NOUN
ajbmeb-2596	60	13	were	be	AUX
ajbmeb-2596	60	14	listed	list	VERB
ajbmeb-2596	60	15	on	on	ADP
ajbmeb-2596	60	16	the	the	DET
ajbmeb-2596	60	17	london	london	PROPN
ajbmeb-2596	60	18	stock	stock	NOUN
ajbmeb-2596	60	19	exchange	exchange	NOUN
ajbmeb-2596	60	20	,	,	PUNCT
ajbmeb-2596	60	21	marking	mark	VERB
ajbmeb-2596	60	22	one	one	NUM
ajbmeb-2596	60	23	of	of	ADP
ajbmeb-2596	60	24	the	the	DET
ajbmeb-2596	60	25	largest	large	ADJ
ajbmeb-2596	60	26	instances	instance	NOUN
ajbmeb-2596	60	27	of	of	ADP
ajbmeb-2596	60	28	direct	direct	ADJ
ajbmeb-2596	60	29	investment	investment	NOUN
ajbmeb-2596	60	30	inflows	inflow	NOUN
ajbmeb-2596	60	31	into	into	ADP
ajbmeb-2596	60	32	the	the	DET
ajbmeb-2596	60	33	capital	capital	NOUN
ajbmeb-2596	60	34	of	of	ADP
ajbmeb-2596	60	35	romanian	romanian	ADJ
ajbmeb-2596	60	36	companies	company	NOUN
ajbmeb-2596	60	37	.	.	PUNCT
ajbmeb-2596	61	1	the	the	DET
ajbmeb-2596	61	2	funds	fund	NOUN
ajbmeb-2596	61	3	raised	raise	VERB
ajbmeb-2596	61	4	by	by	ADP
ajbmeb-2596	61	5	the	the	DET
ajbmeb-2596	61	6	fund	fund	NOUN
ajbmeb-2596	61	7	were	be	AUX
ajbmeb-2596	61	8	directed	direct	VERB
ajbmeb-2596	61	9	toward	toward	ADP
ajbmeb-2596	61	10	financing	finance	VERB
ajbmeb-2596	61	11	investment	investment	NOUN
ajbmeb-2596	61	12	projects	project	NOUN
ajbmeb-2596	61	13	of	of	ADP
ajbmeb-2596	61	14	its	its	PRON
ajbmeb-2596	61	15	portfolio	portfolio	NOUN
ajbmeb-2596	61	16	companies	company	NOUN
ajbmeb-2596	61	17	.	.	PUNCT
ajbmeb-2596	62	1	internal	internal	ADJ
ajbmeb-2596	62	2	competitive	competitive	ADJ
ajbmeb-2596	62	3	procedures	procedure	NOUN
ajbmeb-2596	62	4	and	and	CCONJ
ajbmeb-2596	62	5	project	project	NOUN
ajbmeb-2596	62	6	efficiency	efficiency	NOUN
ajbmeb-2596	62	7	were	be	AUX
ajbmeb-2596	62	8	taken	take	VERB
ajbmeb-2596	62	9	into	into	ADP
ajbmeb-2596	62	10	account	account	NOUN
ajbmeb-2596	62	11	,	,	PUNCT
ajbmeb-2596	62	12	with	with	ADP
ajbmeb-2596	62	13	the	the	DET
ajbmeb-2596	62	14	implementation	implementation	NOUN
ajbmeb-2596	62	15	of	of	ADP
ajbmeb-2596	62	16	clear	clear	ADJ
ajbmeb-2596	62	17	kpis	kpis	PROPN
ajbmeb-2596	62	18	and	and	CCONJ
ajbmeb-2596	62	19	management	management	NOUN
ajbmeb-2596	62	20	regulations	regulation	NOUN
ajbmeb-2596	62	21	.	.	PUNCT
ajbmeb-2596	63	1	a	a	DET
ajbmeb-2596	63	2	key	key	ADJ
ajbmeb-2596	63	3	component	component	NOUN
ajbmeb-2596	63	4	of	of	ADP
ajbmeb-2596	63	5	the	the	DET
ajbmeb-2596	63	6	fund	fund	NOUN
ajbmeb-2596	63	7	’s	’s	PART
ajbmeb-2596	63	8	success	success	NOUN
ajbmeb-2596	63	9	has	have	AUX
ajbmeb-2596	63	10	been	be	AUX
ajbmeb-2596	63	11	the	the	DET
ajbmeb-2596	63	12	high	high	ADJ
ajbmeb-2596	63	13	-	-	PUNCT
ajbmeb-2596	63	14	quality	quality	NOUN
ajbmeb-2596	63	15	performance	performance	NOUN
ajbmeb-2596	63	16	of	of	ADP
ajbmeb-2596	63	17	the	the	DET
ajbmeb-2596	63	18	fund	fund	NOUN
ajbmeb-2596	63	19	manager	manager	NOUN
ajbmeb-2596	63	20	,	,	PUNCT
ajbmeb-2596	63	21	whose	whose	DET
ajbmeb-2596	63	22	contract	contract	NOUN
ajbmeb-2596	63	23	was	be	AUX
ajbmeb-2596	63	24	extended	extend	VERB
ajbmeb-2596	63	25	multiple	multiple	ADJ
ajbmeb-2596	63	26	times	time	NOUN
ajbmeb-2596	63	27	.	.	PUNCT
ajbmeb-2596	64	1	it	it	PRON
ajbmeb-2596	64	2	was	be	AUX
ajbmeb-2596	64	3	precisely	precisely	ADV
ajbmeb-2596	64	4	the	the	DET
ajbmeb-2596	64	5	international	international	ADJ
ajbmeb-2596	64	6	and	and	CCONJ
ajbmeb-2596	64	7	independent	independent	ADJ
ajbmeb-2596	64	8	status	status	NOUN
ajbmeb-2596	64	9	of	of	ADP
ajbmeb-2596	64	10	the	the	DET
ajbmeb-2596	64	11	manager	manager	NOUN
ajbmeb-2596	64	12	that	that	PRON
ajbmeb-2596	64	13	allowed	allow	VERB
ajbmeb-2596	64	14	for	for	ADP
ajbmeb-2596	64	15	effective	effective	ADJ
ajbmeb-2596	64	16	management	management	NOUN
ajbmeb-2596	64	17	of	of	ADP
ajbmeb-2596	64	18	shares	share	NOUN
ajbmeb-2596	64	19	not	not	PART
ajbmeb-2596	64	20	under	under	ADP
ajbmeb-2596	64	21	direct	direct	ADJ
ajbmeb-2596	64	22	supervision	supervision	NOUN
ajbmeb-2596	64	23	of	of	ADP
ajbmeb-2596	64	24	the	the	DET
ajbmeb-2596	64	25	companies	company	NOUN
ajbmeb-2596	64	26	’	’	PART
ajbmeb-2596	64	27	supervisory	supervisory	ADJ
ajbmeb-2596	64	28	boards	board	NOUN
ajbmeb-2596	64	29	and	and	CCONJ
ajbmeb-2596	64	30	enabled	enable	VERB
ajbmeb-2596	64	31	the	the	DET
ajbmeb-2596	64	32	manager	manager	NOUN
ajbmeb-2596	64	33	to	to	PART
ajbmeb-2596	64	34	hold	hold	VERB
ajbmeb-2596	64	35	seats	seat	NOUN
ajbmeb-2596	64	36	on	on	ADP
ajbmeb-2596	64	37	those	those	DET
ajbmeb-2596	64	38	boards	board	NOUN
ajbmeb-2596	64	39	.	.	PUNCT
ajbmeb-2596	65	1	this	this	PRON
ajbmeb-2596	65	2	,	,	PUNCT
ajbmeb-2596	65	3	in	in	ADP
ajbmeb-2596	65	4	turn	turn	NOUN
ajbmeb-2596	65	5	,	,	PUNCT
ajbmeb-2596	65	6	led	lead	VERB
ajbmeb-2596	65	7	to	to	ADP
ajbmeb-2596	65	8	significant	significant	ADJ
ajbmeb-2596	65	9	achievements	achievement	NOUN
ajbmeb-2596	65	10	,	,	PUNCT
ajbmeb-2596	65	11	including	include	VERB
ajbmeb-2596	65	12	countering	counter	VERB
ajbmeb-2596	65	13	corruption	corruption	NOUN
ajbmeb-2596	65	14	and	and	CCONJ
ajbmeb-2596	65	15	protecting	protect	VERB
ajbmeb-2596	65	16	the	the	DET
ajbmeb-2596	65	17	interests	interest	NOUN
ajbmeb-2596	65	18	of	of	ADP
ajbmeb-2596	65	19	the	the	DET
ajbmeb-2596	65	20	state	state	NOUN
ajbmeb-2596	65	21	and	and	CCONJ
ajbmeb-2596	65	22	the	the	DET
ajbmeb-2596	65	23	population	population	NOUN
ajbmeb-2596	65	24	as	as	ADP
ajbmeb-2596	65	25	shareholders	shareholder	NOUN
ajbmeb-2596	65	26	.	.	PUNCT
ajbmeb-2596	66	1	in	in	ADP
ajbmeb-2596	66	2	particular	particular	ADJ
ajbmeb-2596	66	3	,	,	PUNCT
ajbmeb-2596	66	4	the	the	DET
ajbmeb-2596	66	5	actions	action	NOUN
ajbmeb-2596	66	6	of	of	ADP
ajbmeb-2596	66	7	the	the	DET
ajbmeb-2596	66	8	fund	fund	NOUN
ajbmeb-2596	66	9	managers	manager	NOUN
ajbmeb-2596	66	10	contributed	contribute	VERB
ajbmeb-2596	66	11	to	to	ADP
ajbmeb-2596	66	12	uncovering	uncover	VERB
ajbmeb-2596	66	13	and	and	CCONJ
ajbmeb-2596	66	14	ending	end	VERB
ajbmeb-2596	66	15	corruption	corruption	NOUN
ajbmeb-2596	66	16	schemes	scheme	NOUN
ajbmeb-2596	66	17	in	in	ADP
ajbmeb-2596	66	18	the	the	DET
ajbmeb-2596	66	19	electricity	electricity	NOUN
ajbmeb-2596	66	20	and	and	CCONJ
ajbmeb-2596	66	21	gas	gas	NOUN
ajbmeb-2596	66	22	distribution	distribution	NOUN
ajbmeb-2596	66	23	sectors	sector	NOUN
ajbmeb-2596	66	24	,	,	PUNCT
ajbmeb-2596	66	25	increasing	increase	VERB
ajbmeb-2596	66	26	the	the	DET
ajbmeb-2596	66	27	profitability	profitability	NOUN
ajbmeb-2596	66	28	of	of	ADP
ajbmeb-2596	66	29	portfolio	portfolio	NOUN
ajbmeb-2596	66	30	companies	company	NOUN
ajbmeb-2596	66	31	by	by	ADP
ajbmeb-2596	66	32	10	10	NUM
ajbmeb-2596	66	33	to	to	PART
ajbmeb-2596	66	34	15	15	NUM
ajbmeb-2596	66	35	times	time	NOUN
ajbmeb-2596	66	36	over	over	ADP
ajbmeb-2596	66	37	6–7	6–7	NUM
ajbmeb-2596	66	38	years	year	NOUN
ajbmeb-2596	66	39	,	,	PUNCT
ajbmeb-2596	66	40	and	and	CCONJ
ajbmeb-2596	66	41	nearly	nearly	ADV
ajbmeb-2596	66	42	doubling	double	VERB
ajbmeb-2596	66	43	dividend	dividend	NOUN
ajbmeb-2596	66	44	income	income	NOUN
ajbmeb-2596	66	45	,	,	PUNCT
ajbmeb-2596	66	46	among	among	ADP
ajbmeb-2596	66	47	other	other	ADJ
ajbmeb-2596	66	48	accomplishments	accomplishment	NOUN
ajbmeb-2596	66	49	.	.	PUNCT
ajbmeb-2596	67	1	these	these	DET
ajbmeb-2596	67	2	results	result	NOUN
ajbmeb-2596	67	3	were	be	AUX
ajbmeb-2596	67	4	achieved	achieve	VERB
ajbmeb-2596	67	5	through	through	ADP
ajbmeb-2596	67	6	the	the	DET
ajbmeb-2596	67	7	following	follow	VERB
ajbmeb-2596	67	8	measures	measure	NOUN
ajbmeb-2596	67	9	:	:	PUNCT
ajbmeb-2596	67	10	implementation	implementation	NOUN
ajbmeb-2596	67	11	of	of	ADP
ajbmeb-2596	67	12	high	high	ADJ
ajbmeb-2596	67	13	standards	standard	NOUN
ajbmeb-2596	67	14	of	of	ADP
ajbmeb-2596	67	15	corporate	corporate	ADJ
ajbmeb-2596	67	16	governance	governance	NOUN
ajbmeb-2596	67	17	;	;	PUNCT
ajbmeb-2596	67	18	involvement	involvement	NOUN
ajbmeb-2596	67	19	of	of	ADP
ajbmeb-2596	67	20	independent	independent	ADJ
ajbmeb-2596	67	21	board	board	NOUN
ajbmeb-2596	67	22	members	member	NOUN
ajbmeb-2596	67	23	and	and	CCONJ
ajbmeb-2596	67	24	external	external	ADJ
ajbmeb-2596	67	25	advisors	advisor	NOUN
ajbmeb-2596	67	26	with	with	ADP
ajbmeb-2596	67	27	a	a	DET
ajbmeb-2596	67	28	strong	strong	ADJ
ajbmeb-2596	67	29	focus	focus	NOUN
ajbmeb-2596	67	30	on	on	ADP
ajbmeb-2596	67	31	company	company	NOUN
ajbmeb-2596	67	32	development	development	NOUN
ajbmeb-2596	67	33	;	;	PUNCT
ajbmeb-2596	67	34	limitation	limitation	NOUN
ajbmeb-2596	67	35	of	of	ADP
ajbmeb-2596	67	36	unjustified	unjustified	ADJ
ajbmeb-2596	67	37	interference	interference	NOUN
ajbmeb-2596	67	38	by	by	ADP
ajbmeb-2596	67	39	state	state	NOUN
ajbmeb-2596	67	40	authorities	authority	NOUN
ajbmeb-2596	67	41	;	;	PUNCT
ajbmeb-2596	67	42	introduction	introduction	NOUN
ajbmeb-2596	67	43	of	of	ADP
ajbmeb-2596	67	44	incentive	incentive	NOUN
ajbmeb-2596	67	45	-	-	PUNCT
ajbmeb-2596	67	46	based	base	VERB
ajbmeb-2596	67	47	management	management	NOUN
ajbmeb-2596	67	48	programs	program	NOUN
ajbmeb-2596	67	49	linked	link	VERB
ajbmeb-2596	67	50	to	to	PART
ajbmeb-2596	67	51	share	share	VERB
ajbmeb-2596	67	52	price	price	NOUN
ajbmeb-2596	67	53	dynamics	dynamic	NOUN
ajbmeb-2596	67	54	and	and	CCONJ
ajbmeb-2596	67	55	company	company	NOUN
ajbmeb-2596	67	56	profitability	profitability	NOUN
ajbmeb-2596	67	57	(	(	PUNCT
ajbmeb-2596	67	58	executives	executive	NOUN
ajbmeb-2596	67	59	realized	realize	VERB
ajbmeb-2596	67	60	that	that	SCONJ
ajbmeb-2596	67	61	earning	earn	VERB
ajbmeb-2596	67	62	official	official	ADJ
ajbmeb-2596	67	63	bonuses	bonus	NOUN
ajbmeb-2596	67	64	for	for	ADP
ajbmeb-2596	67	65	strong	strong	ADJ
ajbmeb-2596	67	66	performance	performance	NOUN
ajbmeb-2596	67	67	is	be	AUX
ajbmeb-2596	67	68	more	more	ADV
ajbmeb-2596	67	69	beneficial	beneficial	ADJ
ajbmeb-2596	67	70	than	than	ADP
ajbmeb-2596	67	71	seeking	seek	VERB
ajbmeb-2596	67	72	corrupt	corrupt	ADJ
ajbmeb-2596	67	73	income	income	NOUN
ajbmeb-2596	67	74	)	)	PUNCT
ajbmeb-2596	67	75	;	;	PUNCT
ajbmeb-2596	67	76	diversification	diversification	NOUN
ajbmeb-2596	67	77	of	of	ADP
ajbmeb-2596	67	78	funding	funding	NOUN
ajbmeb-2596	67	79	sources	source	NOUN
ajbmeb-2596	67	80	for	for	ADP
ajbmeb-2596	67	81	portfolio	portfolio	NOUN
ajbmeb-2596	67	82	companies	company	NOUN
ajbmeb-2596	67	83	.	.	PUNCT
ajbmeb-2596	68	1	companies	company	NOUN
ajbmeb-2596	68	2	within	within	ADP
ajbmeb-2596	68	3	the	the	DET
ajbmeb-2596	68	4	fund	fund	NOUN
ajbmeb-2596	68	5	that	that	PRON
ajbmeb-2596	68	6	are	be	AUX
ajbmeb-2596	68	7	managed	manage	VERB
ajbmeb-2596	68	8	more	more	ADV
ajbmeb-2596	68	9	effectively	effectively	ADV
ajbmeb-2596	68	10	gain	gain	VERB
ajbmeb-2596	68	11	the	the	DET
ajbmeb-2596	68	12	opportunity	opportunity	NOUN
ajbmeb-2596	68	13	to	to	PART
ajbmeb-2596	68	14	independently	independently	ADV
ajbmeb-2596	68	15	access	access	VERB
ajbmeb-2596	68	16	capital	capital	NOUN
ajbmeb-2596	68	17	markets	market	NOUN
ajbmeb-2596	68	18	to	to	PART
ajbmeb-2596	68	19	attract	attract	VERB
ajbmeb-2596	68	20	both	both	DET
ajbmeb-2596	68	21	debt	debt	NOUN
ajbmeb-2596	68	22	and	and	CCONJ
ajbmeb-2596	68	23	equity	equity	NOUN
ajbmeb-2596	68	24	financing	financing	NOUN
ajbmeb-2596	68	25	through	through	ADP
ajbmeb-2596	68	26	the	the	DET
ajbmeb-2596	68	27	issuance	issuance	NOUN
ajbmeb-2596	68	28	of	of	ADP
ajbmeb-2596	68	29	bonds	bond	NOUN
ajbmeb-2596	68	30	and	and	CCONJ
ajbmeb-2596	68	31	shares	share	NOUN
ajbmeb-2596	68	32	on	on	ADP
ajbmeb-2596	68	33	local	local	ADJ
ajbmeb-2596	68	34	and	and	CCONJ
ajbmeb-2596	68	35	international	international	ADJ
ajbmeb-2596	68	36	stock	stock	NOUN
ajbmeb-2596	68	37	exchanges	exchange	NOUN
ajbmeb-2596	68	38	.	.	PUNCT
ajbmeb-2596	69	1	in	in	ADP
ajbmeb-2596	69	2	this	this	DET
ajbmeb-2596	69	3	model	model	NOUN
ajbmeb-2596	69	4	,	,	PUNCT
ajbmeb-2596	69	5	the	the	DET
ajbmeb-2596	69	6	state	state	NOUN
ajbmeb-2596	69	7	's	's	PART
ajbmeb-2596	69	8	benefits	benefit	NOUN
ajbmeb-2596	69	9	are	be	AUX
ajbmeb-2596	69	10	based	base	VERB
ajbmeb-2596	69	11	on	on	ADP
ajbmeb-2596	69	12	the	the	DET
ajbmeb-2596	69	13	following	follow	VERB
ajbmeb-2596	69	14	factors	factor	NOUN
ajbmeb-2596	69	15	:	:	PUNCT
ajbmeb-2596	69	16	•	•	ADP
ajbmeb-2596	69	17	the	the	DET
ajbmeb-2596	69	18	state	state	NOUN
ajbmeb-2596	69	19	retains	retain	VERB
ajbmeb-2596	69	20	control	control	NOUN
ajbmeb-2596	69	21	over	over	ADP
ajbmeb-2596	69	22	enterprises	enterprise	NOUN
ajbmeb-2596	69	23	,	,	PUNCT
ajbmeb-2596	69	24	and	and	CCONJ
ajbmeb-2596	69	25	even	even	ADV
ajbmeb-2596	69	26	in	in	ADP
ajbmeb-2596	69	27	strategic	strategic	ADJ
ajbmeb-2596	69	28	sectors	sector	NOUN
ajbmeb-2596	69	29	,	,	PUNCT
ajbmeb-2596	69	30	it	it	PRON
ajbmeb-2596	69	31	does	do	AUX
ajbmeb-2596	69	32	not	not	PART
ajbmeb-2596	69	33	risk	risk	VERB
ajbmeb-2596	69	34	losing	lose	VERB
ajbmeb-2596	69	35	this	this	DET
ajbmeb-2596	69	36	control	control	NOUN
ajbmeb-2596	69	37	(	(	PUNCT
ajbmeb-2596	69	38	51	51	NUM
ajbmeb-2596	69	39	%	%	NOUN
ajbmeb-2596	69	40	is	be	AUX
ajbmeb-2596	69	41	held	hold	VERB
ajbmeb-2596	69	42	directly	directly	ADV
ajbmeb-2596	69	43	,	,	PUNCT
ajbmeb-2596	69	44	and	and	CCONJ
ajbmeb-2596	69	45	the	the	DET
ajbmeb-2596	69	46	remaining	remain	VERB
ajbmeb-2596	69	47	portion	portion	NOUN
ajbmeb-2596	69	48	indirectly	indirectly	ADV
ajbmeb-2596	69	49	through	through	ADP
ajbmeb-2596	69	50	the	the	DET
ajbmeb-2596	69	51	fund	fund	NOUN
ajbmeb-2596	69	52	’s	’s	PART
ajbmeb-2596	69	53	shareholding	shareholding	NOUN
ajbmeb-2596	69	54	)	)	PUNCT
ajbmeb-2596	69	55	;	;	PUNCT
ajbmeb-2596	70	1	american	american	PROPN
ajbmeb-2596	70	2	journal	journal	PROPN
ajbmeb-2596	70	3	of	of	ADP
ajbmeb-2596	70	4	business	business	NOUN
ajbmeb-2596	70	5	management	management	NOUN
ajbmeb-2596	70	6	,	,	PUNCT
ajbmeb-2596	70	7	economics	economic	NOUN
ajbmeb-2596	70	8	and	and	CCONJ
ajbmeb-2596	70	9	banking	banking	NOUN
ajbmeb-2596	70	10	volume	volume	NOUN
ajbmeb-2596	70	11	37	37	NUM
ajbmeb-2596	70	12	june2025	june2025	PROPN
ajbmeb-2596	70	13	p	p	NOUN
ajbmeb-2596	70	14	a	a	PRON
ajbmeb-2596	70	15	g	g	NOUN
ajbmeb-2596	70	16	e	e	NOUN
ajbmeb-2596	71	1	|	|	NOUN
ajbmeb-2596	71	2	123	123	NUM
ajbmeb-2596	71	3	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-2596	71	4	•	•	ADP
ajbmeb-2596	71	5	the	the	DET
ajbmeb-2596	71	6	increase	increase	NOUN
ajbmeb-2596	71	7	in	in	ADP
ajbmeb-2596	71	8	the	the	DET
ajbmeb-2596	71	9	share	share	NOUN
ajbmeb-2596	71	10	price	price	NOUN
ajbmeb-2596	71	11	of	of	ADP
ajbmeb-2596	71	12	portfolio	portfolio	NOUN
ajbmeb-2596	71	13	companies	company	NOUN
ajbmeb-2596	71	14	enables	enable	VERB
ajbmeb-2596	71	15	a	a	DET
ajbmeb-2596	71	16	regular	regular	ADJ
ajbmeb-2596	71	17	rise	rise	NOUN
ajbmeb-2596	71	18	in	in	ADP
ajbmeb-2596	71	19	the	the	DET
ajbmeb-2596	71	20	value	value	NOUN
ajbmeb-2596	71	21	of	of	ADP
ajbmeb-2596	71	22	the	the	DET
ajbmeb-2596	71	23	state	state	NOUN
ajbmeb-2596	71	24	’s	’s	PART
ajbmeb-2596	71	25	remaining	remain	VERB
ajbmeb-2596	71	26	stakes	stake	NOUN
ajbmeb-2596	71	27	,	,	PUNCT
ajbmeb-2596	71	28	which	which	PRON
ajbmeb-2596	71	29	can	can	AUX
ajbmeb-2596	71	30	later	later	ADV
ajbmeb-2596	71	31	be	be	AUX
ajbmeb-2596	71	32	privatized	privatize	VERB
ajbmeb-2596	71	33	.	.	PUNCT
ajbmeb-2596	72	1	in	in	ADP
ajbmeb-2596	72	2	other	other	ADJ
ajbmeb-2596	72	3	words	word	NOUN
ajbmeb-2596	72	4	,	,	PUNCT
ajbmeb-2596	72	5	the	the	DET
ajbmeb-2596	72	6	state	state	NOUN
ajbmeb-2596	72	7	,	,	PUNCT
ajbmeb-2596	72	8	by	by	ADP
ajbmeb-2596	72	9	utilizing	utilize	VERB
ajbmeb-2596	72	10	the	the	DET
ajbmeb-2596	72	11	services	service	NOUN
ajbmeb-2596	72	12	of	of	ADP
ajbmeb-2596	72	13	an	an	DET
ajbmeb-2596	72	14	international	international	ADJ
ajbmeb-2596	72	15	asset	asset	NOUN
ajbmeb-2596	72	16	manager	manager	NOUN
ajbmeb-2596	72	17	,	,	PUNCT
ajbmeb-2596	72	18	increases	increase	VERB
ajbmeb-2596	72	19	the	the	DET
ajbmeb-2596	72	20	value	value	NOUN
ajbmeb-2596	72	21	of	of	ADP
ajbmeb-2596	72	22	its	its	PRON
ajbmeb-2596	72	23	equity	equity	NOUN
ajbmeb-2596	72	24	holdings	holding	NOUN
ajbmeb-2596	72	25	and	and	CCONJ
ajbmeb-2596	72	26	ultimately	ultimately	ADV
ajbmeb-2596	72	27	maximizes	maximize	VERB
ajbmeb-2596	72	28	fiscal	fiscal	ADJ
ajbmeb-2596	72	29	gains	gain	NOUN
ajbmeb-2596	72	30	for	for	ADP
ajbmeb-2596	72	31	the	the	DET
ajbmeb-2596	72	32	state	state	NOUN
ajbmeb-2596	72	33	budget	budget	NOUN
ajbmeb-2596	72	34	;	;	PUNCT
ajbmeb-2596	72	35	•	•	NUM
ajbmeb-2596	72	36	government	government	NOUN
ajbmeb-2596	72	37	officials	official	NOUN
ajbmeb-2596	72	38	are	be	AUX
ajbmeb-2596	72	39	relieved	relieve	VERB
ajbmeb-2596	72	40	of	of	ADP
ajbmeb-2596	72	41	the	the	DET
ajbmeb-2596	72	42	responsibility	responsibility	NOUN
ajbmeb-2596	72	43	for	for	ADP
ajbmeb-2596	72	44	enterprise	enterprise	NOUN
ajbmeb-2596	72	45	development	development	NOUN
ajbmeb-2596	72	46	,	,	PUNCT
ajbmeb-2596	72	47	as	as	SCONJ
ajbmeb-2596	72	48	all	all	DET
ajbmeb-2596	72	49	such	such	ADJ
ajbmeb-2596	72	50	tasks	task	NOUN
ajbmeb-2596	72	51	are	be	AUX
ajbmeb-2596	72	52	delegated	delegate	VERB
ajbmeb-2596	72	53	to	to	ADP
ajbmeb-2596	72	54	the	the	DET
ajbmeb-2596	72	55	international	international	ADJ
ajbmeb-2596	72	56	fund	fund	NOUN
ajbmeb-2596	72	57	manager	manager	NOUN
ajbmeb-2596	72	58	.	.	PUNCT
ajbmeb-2596	73	1	the	the	DET
ajbmeb-2596	73	2	state	state	NOUN
ajbmeb-2596	73	3	only	only	ADV
ajbmeb-2596	73	4	needs	need	VERB
ajbmeb-2596	73	5	to	to	PART
ajbmeb-2596	73	6	ensure	ensure	VERB
ajbmeb-2596	73	7	the	the	DET
ajbmeb-2596	73	8	manager	manager	NOUN
ajbmeb-2596	73	9	’s	’s	PART
ajbmeb-2596	73	10	compliance	compliance	NOUN
ajbmeb-2596	73	11	with	with	ADP
ajbmeb-2596	73	12	contractual	contractual	ADJ
ajbmeb-2596	73	13	obligations	obligation	NOUN
ajbmeb-2596	73	14	,	,	PUNCT
ajbmeb-2596	73	15	kpis	kpis	NOUN
ajbmeb-2596	73	16	,	,	PUNCT
ajbmeb-2596	73	17	and	and	CCONJ
ajbmeb-2596	73	18	national	national	ADJ
ajbmeb-2596	73	19	legal	legal	ADJ
ajbmeb-2596	73	20	requirements	requirement	NOUN
ajbmeb-2596	73	21	.	.	PUNCT
ajbmeb-2596	74	1	moreover	moreover	ADV
ajbmeb-2596	74	2	,	,	PUNCT
ajbmeb-2596	74	3	the	the	DET
ajbmeb-2596	74	4	manager	manager	NOUN
ajbmeb-2596	74	5	’s	’s	PART
ajbmeb-2596	74	6	presence	presence	NOUN
ajbmeb-2596	74	7	protects	protect	VERB
ajbmeb-2596	74	8	state	state	NOUN
ajbmeb-2596	74	9	-	-	PUNCT
ajbmeb-2596	74	10	owned	own	VERB
ajbmeb-2596	74	11	enterprises	enterprise	NOUN
ajbmeb-2596	74	12	from	from	ADP
ajbmeb-2596	74	13	unjustified	unjustified	ADJ
ajbmeb-2596	74	14	interference	interference	NOUN
ajbmeb-2596	74	15	by	by	ADP
ajbmeb-2596	74	16	officials	official	NOUN
ajbmeb-2596	74	17	,	,	PUNCT
ajbmeb-2596	74	18	as	as	ADV
ajbmeb-2596	74	19	well	well	ADV
ajbmeb-2596	74	20	as	as	ADP
ajbmeb-2596	74	21	from	from	ADP
ajbmeb-2596	74	22	corruption	corruption	NOUN
ajbmeb-2596	74	23	and	and	CCONJ
ajbmeb-2596	74	24	conflicts	conflict	NOUN
ajbmeb-2596	74	25	of	of	ADP
ajbmeb-2596	74	26	interest	interest	NOUN
ajbmeb-2596	74	27	.	.	PUNCT
ajbmeb-2596	75	1	the	the	DET
ajbmeb-2596	75	2	fund	fund	NOUN
ajbmeb-2596	75	3	manager	manager	NOUN
ajbmeb-2596	75	4	exercises	exercise	VERB
ajbmeb-2596	75	5	strict	strict	ADJ
ajbmeb-2596	75	6	oversight	oversight	NOUN
ajbmeb-2596	75	7	of	of	ADP
ajbmeb-2596	75	8	its	its	PRON
ajbmeb-2596	75	9	employees	employee	NOUN
ajbmeb-2596	75	10	and	and	CCONJ
ajbmeb-2596	75	11	consultants	consultant	NOUN
ajbmeb-2596	75	12	,	,	PUNCT
ajbmeb-2596	75	13	adhering	adhere	VERB
ajbmeb-2596	75	14	not	not	PART
ajbmeb-2596	75	15	only	only	ADV
ajbmeb-2596	75	16	to	to	ADP
ajbmeb-2596	75	17	local	local	ADJ
ajbmeb-2596	75	18	legislation	legislation	NOUN
ajbmeb-2596	75	19	but	but	CCONJ
ajbmeb-2596	75	20	also	also	ADV
ajbmeb-2596	75	21	to	to	ADP
ajbmeb-2596	75	22	international	international	ADJ
ajbmeb-2596	75	23	agreements	agreement	NOUN
ajbmeb-2596	75	24	,	,	PUNCT
ajbmeb-2596	75	25	while	while	SCONJ
ajbmeb-2596	75	26	maintaining	maintain	VERB
ajbmeb-2596	75	27	its	its	PRON
ajbmeb-2596	75	28	professional	professional	ADJ
ajbmeb-2596	75	29	reputation	reputation	NOUN
ajbmeb-2596	75	30	;	;	PUNCT
ajbmeb-2596	75	31	•	•	ADP
ajbmeb-2596	75	32	once	once	ADV
ajbmeb-2596	75	33	a	a	DET
ajbmeb-2596	75	34	certain	certain	ADJ
ajbmeb-2596	75	35	level	level	NOUN
ajbmeb-2596	75	36	of	of	ADP
ajbmeb-2596	75	37	performance	performance	NOUN
ajbmeb-2596	75	38	and	and	CCONJ
ajbmeb-2596	75	39	governance	governance	NOUN
ajbmeb-2596	75	40	quality	quality	NOUN
ajbmeb-2596	75	41	is	be	AUX
ajbmeb-2596	75	42	achieved	achieve	VERB
ajbmeb-2596	75	43	in	in	ADP
ajbmeb-2596	75	44	line	line	NOUN
ajbmeb-2596	75	45	with	with	ADP
ajbmeb-2596	75	46	the	the	DET
ajbmeb-2596	75	47	kpis	kpis	NOUN
ajbmeb-2596	75	48	,	,	PUNCT
ajbmeb-2596	75	49	the	the	DET
ajbmeb-2596	75	50	fund	fund	NOUN
ajbmeb-2596	75	51	and	and	CCONJ
ajbmeb-2596	75	52	the	the	DET
ajbmeb-2596	75	53	state	state	NOUN
ajbmeb-2596	75	54	can	can	AUX
ajbmeb-2596	75	55	partially	partially	ADV
ajbmeb-2596	75	56	sell	sell	VERB
ajbmeb-2596	75	57	existing	exist	VERB
ajbmeb-2596	75	58	shares	share	NOUN
ajbmeb-2596	75	59	to	to	ADP
ajbmeb-2596	75	60	private	private	ADJ
ajbmeb-2596	75	61	investors	investor	NOUN
ajbmeb-2596	75	62	via	via	ADP
ajbmeb-2596	75	63	a	a	DET
ajbmeb-2596	75	64	secondary	secondary	ADJ
ajbmeb-2596	75	65	public	public	ADJ
ajbmeb-2596	75	66	offering	offering	NOUN
ajbmeb-2596	75	67	(	(	PUNCT
ajbmeb-2596	75	68	spo	spo	PROPN
ajbmeb-2596	75	69	)	)	PUNCT
ajbmeb-2596	75	70	on	on	ADP
ajbmeb-2596	75	71	domestic	domestic	ADJ
ajbmeb-2596	75	72	or	or	CCONJ
ajbmeb-2596	75	73	international	international	ADJ
ajbmeb-2596	75	74	exchanges	exchange	NOUN
ajbmeb-2596	75	75	.	.	PUNCT
ajbmeb-2596	76	1	the	the	DET
ajbmeb-2596	76	2	proceeds	proceed	NOUN
ajbmeb-2596	76	3	from	from	ADP
ajbmeb-2596	76	4	these	these	DET
ajbmeb-2596	76	5	sales	sale	NOUN
ajbmeb-2596	76	6	are	be	AUX
ajbmeb-2596	76	7	directed	direct	VERB
ajbmeb-2596	76	8	to	to	ADP
ajbmeb-2596	76	9	the	the	DET
ajbmeb-2596	76	10	state	state	NOUN
ajbmeb-2596	76	11	budget	budget	NOUN
ajbmeb-2596	76	12	;	;	PUNCT
ajbmeb-2596	76	13	•	•	SCONJ
ajbmeb-2596	76	14	modernized	modernized	ADJ
ajbmeb-2596	76	15	and	and	CCONJ
ajbmeb-2596	76	16	efficient	efficient	ADJ
ajbmeb-2596	76	17	companies	company	NOUN
ajbmeb-2596	76	18	establish	establish	VERB
ajbmeb-2596	76	19	a	a	DET
ajbmeb-2596	76	20	dividend	dividend	NOUN
ajbmeb-2596	76	21	policy	policy	NOUN
ajbmeb-2596	76	22	that	that	PRON
ajbmeb-2596	76	23	generates	generate	VERB
ajbmeb-2596	76	24	significantly	significantly	ADV
ajbmeb-2596	76	25	higher	high	ADJ
ajbmeb-2596	76	26	income	income	NOUN
ajbmeb-2596	76	27	for	for	ADP
ajbmeb-2596	76	28	the	the	DET
ajbmeb-2596	76	29	budget	budget	NOUN
ajbmeb-2596	76	30	,	,	PUNCT
ajbmeb-2596	76	31	enabling	enable	VERB
ajbmeb-2596	76	32	the	the	DET
ajbmeb-2596	76	33	government	government	NOUN
ajbmeb-2596	76	34	to	to	PART
ajbmeb-2596	76	35	allocate	allocate	VERB
ajbmeb-2596	76	36	funds	fund	NOUN
ajbmeb-2596	76	37	for	for	ADP
ajbmeb-2596	76	38	financing	finance	VERB
ajbmeb-2596	76	39	social	social	ADJ
ajbmeb-2596	76	40	infrastructure	infrastructure	NOUN
ajbmeb-2596	76	41	and	and	CCONJ
ajbmeb-2596	76	42	services	service	NOUN
ajbmeb-2596	76	43	.	.	PUNCT
ajbmeb-2596	77	1	thanks	thank	NOUN
ajbmeb-2596	77	2	to	to	ADP
ajbmeb-2596	77	3	the	the	DET
ajbmeb-2596	77	4	listing	listing	NOUN
ajbmeb-2596	77	5	of	of	ADP
ajbmeb-2596	77	6	the	the	DET
ajbmeb-2596	77	7	fondul	fondul	ADJ
ajbmeb-2596	77	8	proprietatea	proprietatea	NOUN
ajbmeb-2596	77	9	fund	fund	NOUN
ajbmeb-2596	77	10	and	and	CCONJ
ajbmeb-2596	77	11	its	its	PRON
ajbmeb-2596	77	12	portfolio	portfolio	NOUN
ajbmeb-2596	77	13	companies	company	NOUN
ajbmeb-2596	77	14	,	,	PUNCT
ajbmeb-2596	77	15	the	the	DET
ajbmeb-2596	77	16	bucharest	buchar	ADJ
ajbmeb-2596	77	17	stock	stock	NOUN
ajbmeb-2596	77	18	exchange	exchange	PROPN
ajbmeb-2596	77	19	has	have	AUX
ajbmeb-2596	77	20	become	become	VERB
ajbmeb-2596	77	21	one	one	NUM
ajbmeb-2596	77	22	of	of	ADP
ajbmeb-2596	77	23	the	the	DET
ajbmeb-2596	77	24	fastest	fast	ADV
ajbmeb-2596	77	25	-	-	PUNCT
ajbmeb-2596	77	26	growing	grow	VERB
ajbmeb-2596	77	27	exchanges	exchange	NOUN
ajbmeb-2596	77	28	in	in	ADP
ajbmeb-2596	77	29	the	the	DET
ajbmeb-2596	77	30	eastern	eastern	ADJ
ajbmeb-2596	77	31	european	european	ADJ
ajbmeb-2596	77	32	region	region	NOUN
ajbmeb-2596	77	33	in	in	ADP
ajbmeb-2596	77	34	recent	recent	ADJ
ajbmeb-2596	77	35	years	year	NOUN
ajbmeb-2596	77	36	.	.	PUNCT
ajbmeb-2596	78	1	the	the	DET
ajbmeb-2596	78	2	development	development	NOUN
ajbmeb-2596	78	3	of	of	ADP
ajbmeb-2596	78	4	the	the	DET
ajbmeb-2596	78	5	privatization	privatization	NOUN
ajbmeb-2596	78	6	fund	fund	NOUN
ajbmeb-2596	78	7	has	have	AUX
ajbmeb-2596	78	8	been	be	AUX
ajbmeb-2596	78	9	one	one	NUM
ajbmeb-2596	78	10	of	of	ADP
ajbmeb-2596	78	11	the	the	DET
ajbmeb-2596	78	12	driving	drive	VERB
ajbmeb-2596	78	13	factors	factor	NOUN
ajbmeb-2596	78	14	behind	behind	ADP
ajbmeb-2596	78	15	this	this	DET
ajbmeb-2596	78	16	growth	growth	NOUN
ajbmeb-2596	78	17	.	.	PUNCT
ajbmeb-2596	79	1	in	in	ADP
ajbmeb-2596	79	2	particular	particular	ADJ
ajbmeb-2596	79	3	,	,	PUNCT
ajbmeb-2596	79	4	in	in	ADP
ajbmeb-2596	79	5	september	september	PROPN
ajbmeb-2596	79	6	2019	2019	NUM
ajbmeb-2596	79	7	,	,	PUNCT
ajbmeb-2596	79	8	romania	romania	PROPN
ajbmeb-2596	79	9	was	be	AUX
ajbmeb-2596	79	10	granted	grant	VERB
ajbmeb-2596	79	11	the	the	DET
ajbmeb-2596	79	12	status	status	NOUN
ajbmeb-2596	79	13	of	of	ADP
ajbmeb-2596	79	14	a	a	DET
ajbmeb-2596	79	15	"	"	PUNCT
ajbmeb-2596	79	16	secondary	secondary	ADJ
ajbmeb-2596	79	17	emerging	emerge	VERB
ajbmeb-2596	79	18	market	market	NOUN
ajbmeb-2596	79	19	"	"	PUNCT
ajbmeb-2596	79	20	in	in	ADP
ajbmeb-2596	79	21	the	the	DET
ajbmeb-2596	79	22	ftse	ftse	PROPN
ajbmeb-2596	79	23	index	index	NOUN
ajbmeb-2596	79	24	,	,	PUNCT
ajbmeb-2596	79	25	replacing	replace	VERB
ajbmeb-2596	79	26	its	its	PRON
ajbmeb-2596	79	27	previous	previous	ADJ
ajbmeb-2596	79	28	classification	classification	NOUN
ajbmeb-2596	79	29	as	as	ADP
ajbmeb-2596	79	30	a	a	DET
ajbmeb-2596	79	31	"	"	PUNCT
ajbmeb-2596	79	32	frontier	frontier	NOUN
ajbmeb-2596	79	33	market	market	NOUN
ajbmeb-2596	79	34	.	.	PUNCT
ajbmeb-2596	79	35	"	"	PUNCT
ajbmeb-2596	80	1	this	this	DET
ajbmeb-2596	80	2	milestone	milestone	NOUN
ajbmeb-2596	80	3	opened	open	VERB
ajbmeb-2596	80	4	new	new	ADJ
ajbmeb-2596	80	5	opportunities	opportunity	NOUN
ajbmeb-2596	80	6	for	for	ADP
ajbmeb-2596	80	7	attracting	attract	VERB
ajbmeb-2596	80	8	large	large	ADJ
ajbmeb-2596	80	9	international	international	ADJ
ajbmeb-2596	80	10	investors	investor	NOUN
ajbmeb-2596	80	11	to	to	ADP
ajbmeb-2596	80	12	the	the	DET
ajbmeb-2596	80	13	country	country	NOUN
ajbmeb-2596	80	14	's	's	PART
ajbmeb-2596	80	15	market	market	NOUN
ajbmeb-2596	80	16	and	and	CCONJ
ajbmeb-2596	80	17	its	its	PRON
ajbmeb-2596	80	18	securities	security	NOUN
ajbmeb-2596	80	19	.	.	PUNCT
ajbmeb-2596	81	1	the	the	DET
ajbmeb-2596	81	2	following	follow	VERB
ajbmeb-2596	81	3	image	image	NOUN
ajbmeb-2596	81	4	presents	present	VERB
ajbmeb-2596	81	5	the	the	DET
ajbmeb-2596	81	6	advantages	advantage	NOUN
ajbmeb-2596	81	7	of	of	ADP
ajbmeb-2596	81	8	romania	romania	PROPN
ajbmeb-2596	81	9	’s	’s	PART
ajbmeb-2596	81	10	state	state	NOUN
ajbmeb-2596	81	11	property	property	NOUN
ajbmeb-2596	81	12	privatization	privatization	NOUN
ajbmeb-2596	81	13	scheme	scheme	NOUN
ajbmeb-2596	81	14	through	through	ADP
ajbmeb-2596	81	15	the	the	DET
ajbmeb-2596	81	16	fondul	fondul	PROPN
ajbmeb-2596	81	17	proprietatea	proprietatea	NOUN
ajbmeb-2596	81	18	fund	fund	NOUN
ajbmeb-2596	81	19	.	.	PUNCT
ajbmeb-2596	82	1	figure	figure	NOUN
ajbmeb-2596	82	2	1	1	NUM
ajbmeb-2596	82	3	.	.	PUNCT
ajbmeb-2596	83	1	advantages	advantage	NOUN
ajbmeb-2596	83	2	of	of	ADP
ajbmeb-2596	83	3	the	the	DET
ajbmeb-2596	83	4	state	state	NOUN
ajbmeb-2596	83	5	property	property	NOUN
ajbmeb-2596	83	6	privatization	privatization	NOUN
ajbmeb-2596	83	7	scheme	scheme	NOUN
ajbmeb-2596	83	8	in	in	ADP
ajbmeb-2596	83	9	romania	romania	PROPN
ajbmeb-2596	83	10	through	through	ADP
ajbmeb-2596	83	11	the	the	DET
ajbmeb-2596	83	12	"	"	PUNCT
ajbmeb-2596	83	13	fondul	fondul	ADJ
ajbmeb-2596	83	14	proprietatea	proprietatea	NOUN
ajbmeb-2596	83	15	"	"	PUNCT
ajbmeb-2596	83	16	fund	fund	NOUN
ajbmeb-2596	83	17	.	.	PUNCT
ajbmeb-2596	84	1	advantages	advantage	NOUN
ajbmeb-2596	84	2	of	of	ADP
ajbmeb-2596	84	3	the	the	DET
ajbmeb-2596	84	4	privatization	privatization	NOUN
ajbmeb-2596	84	5	scheme	scheme	NOUN
ajbmeb-2596	84	6	through	through	ADP
ajbmeb-2596	84	7	the	the	DET
ajbmeb-2596	84	8	"	"	PUNCT
ajbmeb-2596	84	9	fondul	fondul	ADJ
ajbmeb-2596	84	10	proprietatea	proprietatea	NOUN
ajbmeb-2596	84	11	"	"	PUNCT
ajbmeb-2596	84	12	fund	fund	NOUN
ajbmeb-2596	84	13	retention	retention	NOUN
ajbmeb-2596	84	14	of	of	ADP
ajbmeb-2596	84	15	state	state	NOUN
ajbmeb-2596	84	16	control	control	NOUN
ajbmeb-2596	84	17	over	over	ADP
ajbmeb-2596	84	18	enterprises	enterprise	NOUN
ajbmeb-2596	84	19	limitation	limitation	NOUN
ajbmeb-2596	84	20	of	of	ADP
ajbmeb-2596	84	21	interference	interference	NOUN
ajbmeb-2596	84	22	by	by	ADP
ajbmeb-2596	84	23	government	government	NOUN
ajbmeb-2596	84	24	authorities	authority	NOUN
ajbmeb-2596	84	25	attraction	attraction	NOUN
ajbmeb-2596	84	26	of	of	ADP
ajbmeb-2596	84	27	major	major	ADJ
ajbmeb-2596	84	28	international	international	ADJ
ajbmeb-2596	84	29	investors	investor	NOUN
ajbmeb-2596	84	30	improvement	improvement	NOUN
ajbmeb-2596	84	31	in	in	ADP
ajbmeb-2596	84	32	management	management	NOUN
ajbmeb-2596	84	33	quality	quality	NOUN
ajbmeb-2596	84	34	and	and	CCONJ
ajbmeb-2596	84	35	transparency	transparency	NOUN
ajbmeb-2596	84	36	opportunity	opportunity	NOUN
ajbmeb-2596	84	37	to	to	PART
ajbmeb-2596	84	38	participate	participate	VERB
ajbmeb-2596	84	39	in	in	ADP
ajbmeb-2596	84	40	the	the	DET
ajbmeb-2596	84	41	capital	capital	NOUN
ajbmeb-2596	84	42	of	of	ADP
ajbmeb-2596	84	43	large	large	ADJ
ajbmeb-2596	84	44	companies	company	NOUN
ajbmeb-2596	84	45	american	american	PROPN
ajbmeb-2596	84	46	journal	journal	PROPN
ajbmeb-2596	84	47	of	of	ADP
ajbmeb-2596	84	48	business	business	NOUN
ajbmeb-2596	84	49	management	management	NOUN
ajbmeb-2596	84	50	,	,	PUNCT
ajbmeb-2596	84	51	economics	economic	NOUN
ajbmeb-2596	84	52	and	and	CCONJ
ajbmeb-2596	84	53	banking	banking	NOUN
ajbmeb-2596	84	54	volume	volume	NOUN
ajbmeb-2596	84	55	37	37	NUM
ajbmeb-2596	84	56	june2025	june2025	PROPN
ajbmeb-2596	84	57	p	p	NOUN
ajbmeb-2596	84	58	a	a	DET
ajbmeb-2596	84	59	g	g	NOUN
ajbmeb-2596	84	60	e	e	NOUN
ajbmeb-2596	85	1	|	|	NOUN
ajbmeb-2596	85	2	124	124	NUM
ajbmeb-2596	85	3	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-2596	85	4	if	if	SCONJ
ajbmeb-2596	85	5	we	we	PRON
ajbmeb-2596	85	6	take	take	VERB
ajbmeb-2596	85	7	a	a	DET
ajbmeb-2596	85	8	closer	close	ADJ
ajbmeb-2596	85	9	look	look	NOUN
ajbmeb-2596	85	10	at	at	ADP
ajbmeb-2596	85	11	figure	figure	NOUN
ajbmeb-2596	85	12	1	1	NUM
ajbmeb-2596	85	13	,	,	PUNCT
ajbmeb-2596	85	14	the	the	DET
ajbmeb-2596	85	15	advantages	advantage	NOUN
ajbmeb-2596	85	16	of	of	ADP
ajbmeb-2596	85	17	implementing	implement	VERB
ajbmeb-2596	85	18	this	this	DET
ajbmeb-2596	85	19	scheme	scheme	NOUN
ajbmeb-2596	85	20	can	can	AUX
ajbmeb-2596	85	21	be	be	AUX
ajbmeb-2596	85	22	summarized	summarize	VERB
ajbmeb-2596	85	23	as	as	SCONJ
ajbmeb-2596	85	24	follows	follow	VERB
ajbmeb-2596	85	25	:	:	PUNCT
ajbmeb-2596	85	26	•	•	NUM
ajbmeb-2596	85	27	retention	retention	NOUN
ajbmeb-2596	85	28	of	of	ADP
ajbmeb-2596	85	29	state	state	NOUN
ajbmeb-2596	85	30	control	control	NOUN
ajbmeb-2596	85	31	over	over	ADP
ajbmeb-2596	85	32	enterprises	enterprise	NOUN
ajbmeb-2596	85	33	even	even	ADV
ajbmeb-2596	85	34	after	after	SCONJ
ajbmeb-2596	85	35	the	the	DET
ajbmeb-2596	85	36	transformation	transformation	NOUN
ajbmeb-2596	85	37	process	process	NOUN
ajbmeb-2596	85	38	is	be	AUX
ajbmeb-2596	85	39	completed	complete	VERB
ajbmeb-2596	85	40	,	,	PUNCT
ajbmeb-2596	85	41	allowing	allow	VERB
ajbmeb-2596	85	42	for	for	ADP
ajbmeb-2596	85	43	continued	continue	VERB
ajbmeb-2596	85	44	oversight	oversight	NOUN
ajbmeb-2596	85	45	and	and	CCONJ
ajbmeb-2596	85	46	governance	governance	NOUN
ajbmeb-2596	85	47	;	;	PUNCT
ajbmeb-2596	85	48	•	•	ADP
ajbmeb-2596	85	49	relieving	relieve	VERB
ajbmeb-2596	85	50	excessive	excessive	ADJ
ajbmeb-2596	85	51	burdens	burden	NOUN
ajbmeb-2596	85	52	on	on	ADP
ajbmeb-2596	85	53	government	government	NOUN
ajbmeb-2596	85	54	bodies	body	NOUN
ajbmeb-2596	85	55	and	and	CCONJ
ajbmeb-2596	85	56	limiting	limit	VERB
ajbmeb-2596	85	57	their	their	PRON
ajbmeb-2596	85	58	interference	interference	NOUN
ajbmeb-2596	85	59	,	,	PUNCT
ajbmeb-2596	85	60	which	which	PRON
ajbmeb-2596	85	61	can	can	AUX
ajbmeb-2596	85	62	otherwise	otherwise	ADV
ajbmeb-2596	85	63	hinder	hinder	VERB
ajbmeb-2596	85	64	the	the	DET
ajbmeb-2596	85	65	achievement	achievement	NOUN
ajbmeb-2596	85	66	of	of	ADP
ajbmeb-2596	85	67	effective	effective	ADJ
ajbmeb-2596	85	68	privatization	privatization	NOUN
ajbmeb-2596	85	69	outcomes	outcome	NOUN
ajbmeb-2596	85	70	;	;	PUNCT
ajbmeb-2596	85	71	•	•	ADP
ajbmeb-2596	85	72	providing	provide	VERB
ajbmeb-2596	85	73	opportunities	opportunity	NOUN
ajbmeb-2596	85	74	for	for	ADP
ajbmeb-2596	85	75	the	the	DET
ajbmeb-2596	85	76	population	population	NOUN
ajbmeb-2596	85	77	,	,	PUNCT
ajbmeb-2596	85	78	as	as	ADV
ajbmeb-2596	85	79	well	well	ADV
ajbmeb-2596	85	80	as	as	ADP
ajbmeb-2596	85	81	for	for	ADP
ajbmeb-2596	85	82	local	local	ADJ
ajbmeb-2596	85	83	and	and	CCONJ
ajbmeb-2596	85	84	international	international	ADJ
ajbmeb-2596	85	85	portfolio	portfolio	NOUN
ajbmeb-2596	85	86	investors	investor	NOUN
ajbmeb-2596	85	87	,	,	PUNCT
ajbmeb-2596	85	88	to	to	PART
ajbmeb-2596	85	89	participate	participate	VERB
ajbmeb-2596	85	90	in	in	ADP
ajbmeb-2596	85	91	the	the	DET
ajbmeb-2596	85	92	capital	capital	NOUN
ajbmeb-2596	85	93	of	of	ADP
ajbmeb-2596	85	94	major	major	ADJ
ajbmeb-2596	85	95	national	national	ADJ
ajbmeb-2596	85	96	companies	company	NOUN
ajbmeb-2596	85	97	considered	consider	VERB
ajbmeb-2596	85	98	as	as	ADP
ajbmeb-2596	85	99	“	"	PUNCT
ajbmeb-2596	85	100	national	national	ADJ
ajbmeb-2596	85	101	assets	asset	NOUN
ajbmeb-2596	85	102	”	"	PUNCT
ajbmeb-2596	85	103	;	;	PUNCT
ajbmeb-2596	85	104	•	•	X
ajbmeb-2596	85	105	improving	improve	VERB
ajbmeb-2596	85	106	the	the	DET
ajbmeb-2596	85	107	quality	quality	NOUN
ajbmeb-2596	85	108	of	of	ADP
ajbmeb-2596	85	109	management	management	NOUN
ajbmeb-2596	85	110	,	,	PUNCT
ajbmeb-2596	85	111	transparency	transparency	NOUN
ajbmeb-2596	85	112	,	,	PUNCT
ajbmeb-2596	85	113	and	and	CCONJ
ajbmeb-2596	85	114	financial	financial	ADJ
ajbmeb-2596	85	115	performance	performance	NOUN
ajbmeb-2596	85	116	of	of	ADP
ajbmeb-2596	85	117	enterprises	enterprise	NOUN
ajbmeb-2596	85	118	,	,	PUNCT
ajbmeb-2596	85	119	while	while	SCONJ
ajbmeb-2596	85	120	enhancing	enhance	VERB
ajbmeb-2596	85	121	oversight	oversight	NOUN
ajbmeb-2596	85	122	of	of	ADP
ajbmeb-2596	85	123	spending	spending	NOUN
ajbmeb-2596	85	124	in	in	ADP
ajbmeb-2596	85	125	state	state	NOUN
ajbmeb-2596	85	126	-	-	PUNCT
ajbmeb-2596	85	127	owned	own	VERB
ajbmeb-2596	85	128	companies	company	NOUN
ajbmeb-2596	85	129	;	;	PUNCT
ajbmeb-2596	85	130	•	•	ADP
ajbmeb-2596	85	131	attracting	attract	VERB
ajbmeb-2596	85	132	attention	attention	NOUN
ajbmeb-2596	85	133	and	and	CCONJ
ajbmeb-2596	85	134	financing	financing	NOUN
ajbmeb-2596	85	135	from	from	ADP
ajbmeb-2596	85	136	major	major	ADJ
ajbmeb-2596	85	137	international	international	ADJ
ajbmeb-2596	85	138	investors	investor	NOUN
ajbmeb-2596	85	139	into	into	ADP
ajbmeb-2596	85	140	the	the	DET
ajbmeb-2596	85	141	national	national	ADJ
ajbmeb-2596	85	142	economy	economy	NOUN
ajbmeb-2596	85	143	without	without	ADP
ajbmeb-2596	85	144	state	state	NOUN
ajbmeb-2596	85	145	guarantees	guarantee	NOUN
ajbmeb-2596	85	146	,	,	PUNCT
ajbmeb-2596	85	147	and	and	CCONJ
ajbmeb-2596	85	148	creating	create	VERB
ajbmeb-2596	85	149	alternative	alternative	ADJ
ajbmeb-2596	85	150	sources	source	NOUN
ajbmeb-2596	85	151	of	of	ADP
ajbmeb-2596	85	152	funding	funding	NOUN
ajbmeb-2596	85	153	beyond	beyond	ADP
ajbmeb-2596	85	154	traditional	traditional	ADJ
ajbmeb-2596	85	155	bank	bank	NOUN
ajbmeb-2596	85	156	loans	loan	NOUN
ajbmeb-2596	85	157	.	.	PUNCT
ajbmeb-2596	86	1	table	table	NOUN
ajbmeb-2596	86	2	1	1	NUM
ajbmeb-2596	86	3	stages	stage	NOUN
ajbmeb-2596	86	4	of	of	ADP
ajbmeb-2596	86	5	state	state	NOUN
ajbmeb-2596	86	6	property	property	NOUN
ajbmeb-2596	86	7	privatization	privatization	NOUN
ajbmeb-2596	86	8	based	base	VERB
ajbmeb-2596	86	9	on	on	ADP
ajbmeb-2596	86	10	the	the	DET
ajbmeb-2596	86	11	romanian	romanian	ADJ
ajbmeb-2596	86	12	experience1	experience1	PROPN
ajbmeb-2596	87	1	№	№	NOUN
ajbmeb-2596	87	2	stage	stage	NOUN
ajbmeb-2596	87	3	name	name	NOUN
ajbmeb-2596	87	4	key	key	ADJ
ajbmeb-2596	87	5	actions	action	NOUN
ajbmeb-2596	87	6	expected	expect	VERB
ajbmeb-2596	87	7	results	result	NOUN
ajbmeb-2596	87	8	1	1	NUM
ajbmeb-2596	87	9	.	.	PUNCT
ajbmeb-2596	87	10	fund	fund	NOUN
ajbmeb-2596	87	11	formation	formation	NOUN
ajbmeb-2596	87	12	transfer	transfer	NOUN
ajbmeb-2596	87	13	of	of	ADP
ajbmeb-2596	87	14	shares	share	NOUN
ajbmeb-2596	87	15	of	of	ADP
ajbmeb-2596	87	16	state	state	NOUN
ajbmeb-2596	87	17	-	-	PUNCT
ajbmeb-2596	87	18	owned	own	VERB
ajbmeb-2596	87	19	companies	company	NOUN
ajbmeb-2596	87	20	to	to	ADP
ajbmeb-2596	87	21	the	the	DET
ajbmeb-2596	87	22	fund	fund	NOUN
ajbmeb-2596	87	23	;	;	PUNCT
ajbmeb-2596	87	24	involvement	involvement	NOUN
ajbmeb-2596	87	25	of	of	ADP
ajbmeb-2596	87	26	an	an	DET
ajbmeb-2596	87	27	international	international	ADJ
ajbmeb-2596	87	28	asset	asset	NOUN
ajbmeb-2596	87	29	management	management	NOUN
ajbmeb-2596	87	30	company	company	NOUN
ajbmeb-2596	87	31	achieving	achieve	VERB
ajbmeb-2596	87	32	effective	effective	ADJ
ajbmeb-2596	87	33	and	and	CCONJ
ajbmeb-2596	87	34	professional	professional	ADJ
ajbmeb-2596	87	35	management	management	NOUN
ajbmeb-2596	87	36	while	while	SCONJ
ajbmeb-2596	87	37	retaining	retain	VERB
ajbmeb-2596	87	38	state	state	NOUN
ajbmeb-2596	87	39	control	control	NOUN
ajbmeb-2596	87	40	2	2	NUM
ajbmeb-2596	87	41	.	.	PUNCT
ajbmeb-2596	87	42	listing	list	VERB
ajbmeb-2596	87	43	on	on	ADP
ajbmeb-2596	87	44	the	the	DET
ajbmeb-2596	87	45	domestic	domestic	ADJ
ajbmeb-2596	87	46	exchange	exchange	NOUN
ajbmeb-2596	87	47	registration	registration	NOUN
ajbmeb-2596	87	48	of	of	ADP
ajbmeb-2596	87	49	the	the	DET
ajbmeb-2596	87	50	fund	fund	NOUN
ajbmeb-2596	87	51	on	on	ADP
ajbmeb-2596	87	52	the	the	DET
ajbmeb-2596	87	53	national	national	PROPN
ajbmeb-2596	87	54	stock	stock	PROPN
ajbmeb-2596	87	55	exchange	exchange	PROPN
ajbmeb-2596	87	56	increased	increase	VERB
ajbmeb-2596	87	57	transparency	transparency	NOUN
ajbmeb-2596	87	58	and	and	CCONJ
ajbmeb-2596	87	59	investor	investor	NOUN
ajbmeb-2596	87	60	trust	trust	NOUN
ajbmeb-2596	87	61	in	in	ADP
ajbmeb-2596	87	62	the	the	DET
ajbmeb-2596	87	63	fund	fund	NOUN
ajbmeb-2596	87	64	3	3	NUM
ajbmeb-2596	87	65	.	.	PUNCT
ajbmeb-2596	87	66	attracting	attract	VERB
ajbmeb-2596	87	67	investment	investment	NOUN
ajbmeb-2596	87	68	via	via	ADP
ajbmeb-2596	87	69	ipo	ipo	PROPN
ajbmeb-2596	87	70	and	and	CCONJ
ajbmeb-2596	87	71	spo	spo	PROPN
ajbmeb-2596	87	72	sale	sale	NOUN
ajbmeb-2596	87	73	of	of	ADP
ajbmeb-2596	87	74	fund	fund	NOUN
ajbmeb-2596	87	75	shares	share	NOUN
ajbmeb-2596	87	76	to	to	ADP
ajbmeb-2596	87	77	local	local	ADJ
ajbmeb-2596	87	78	and	and	CCONJ
ajbmeb-2596	87	79	foreign	foreign	ADJ
ajbmeb-2596	87	80	investors	investor	NOUN
ajbmeb-2596	87	81	through	through	ADP
ajbmeb-2596	87	82	ipo	ipo	PROPN
ajbmeb-2596	87	83	and	and	CCONJ
ajbmeb-2596	87	84	spo	spo	PROPN
ajbmeb-2596	87	85	;	;	PUNCT
ajbmeb-2596	87	86	allocation	allocation	NOUN
ajbmeb-2596	87	87	of	of	ADP
ajbmeb-2596	87	88	proceeds	proceed	NOUN
ajbmeb-2596	87	89	for	for	ADP
ajbmeb-2596	87	90	development	development	NOUN
ajbmeb-2596	87	91	enterprise	enterprise	NOUN
ajbmeb-2596	87	92	development	development	NOUN
ajbmeb-2596	87	93	,	,	PUNCT
ajbmeb-2596	87	94	fund	fund	NOUN
ajbmeb-2596	87	95	activity	activity	NOUN
ajbmeb-2596	87	96	financing	financing	NOUN
ajbmeb-2596	87	97	,	,	PUNCT
ajbmeb-2596	87	98	increased	increase	VERB
ajbmeb-2596	87	99	budget	budget	NOUN
ajbmeb-2596	87	100	revenues	revenue	NOUN
ajbmeb-2596	87	101	4	4	NUM
ajbmeb-2596	87	102	.	.	PUNCT
ajbmeb-2596	87	103	listing	list	VERB
ajbmeb-2596	87	104	on	on	ADP
ajbmeb-2596	87	105	international	international	ADJ
ajbmeb-2596	87	106	exchange	exchange	NOUN
ajbmeb-2596	87	107	registration	registration	NOUN
ajbmeb-2596	87	108	of	of	ADP
ajbmeb-2596	87	109	the	the	DET
ajbmeb-2596	87	110	fund	fund	NOUN
ajbmeb-2596	87	111	on	on	ADP
ajbmeb-2596	87	112	an	an	DET
ajbmeb-2596	87	113	international	international	ADJ
ajbmeb-2596	87	114	stock	stock	NOUN
ajbmeb-2596	87	115	exchange	exchange	NOUN
ajbmeb-2596	87	116	involvement	involvement	NOUN
ajbmeb-2596	87	117	of	of	ADP
ajbmeb-2596	87	118	major	major	ADJ
ajbmeb-2596	87	119	international	international	ADJ
ajbmeb-2596	87	120	investors	investor	NOUN
ajbmeb-2596	87	121	5	5	NUM
ajbmeb-2596	87	122	.	.	PUNCT
ajbmeb-2596	87	123	listing	listing	NOUN
ajbmeb-2596	87	124	of	of	ADP
ajbmeb-2596	87	125	portfolio	portfolio	NOUN
ajbmeb-2596	87	126	companies	company	NOUN
ajbmeb-2596	87	127	registration	registration	NOUN
ajbmeb-2596	87	128	of	of	ADP
ajbmeb-2596	87	129	portfolio	portfolio	NOUN
ajbmeb-2596	87	130	companies	company	NOUN
ajbmeb-2596	87	131	on	on	ADP
ajbmeb-2596	87	132	domestic	domestic	ADJ
ajbmeb-2596	87	133	and	and	CCONJ
ajbmeb-2596	87	134	international	international	ADJ
ajbmeb-2596	87	135	stock	stock	NOUN
ajbmeb-2596	87	136	exchanges	exchange	NOUN
ajbmeb-2596	87	137	sale	sale	NOUN
ajbmeb-2596	87	138	of	of	ADP
ajbmeb-2596	87	139	company	company	NOUN
ajbmeb-2596	87	140	shares	share	NOUN
ajbmeb-2596	87	141	at	at	ADP
ajbmeb-2596	87	142	high	high	ADJ
ajbmeb-2596	87	143	prices	price	NOUN
ajbmeb-2596	87	144	,	,	PUNCT
ajbmeb-2596	87	145	maximizing	maximize	VERB
ajbmeb-2596	87	146	revenues	revenue	NOUN
ajbmeb-2596	87	147	for	for	ADP
ajbmeb-2596	87	148	the	the	DET
ajbmeb-2596	87	149	budget	budget	NOUN
ajbmeb-2596	87	150	and	and	CCONJ
ajbmeb-2596	87	151	shareholders	shareholder	NOUN
ajbmeb-2596	87	152	a	a	DET
ajbmeb-2596	87	153	detailed	detailed	ADJ
ajbmeb-2596	87	154	explanation	explanation	NOUN
ajbmeb-2596	87	155	of	of	ADP
ajbmeb-2596	87	156	the	the	DET
ajbmeb-2596	87	157	stages	stage	NOUN
ajbmeb-2596	87	158	of	of	ADP
ajbmeb-2596	87	159	the	the	DET
ajbmeb-2596	87	160	privatization	privatization	NOUN
ajbmeb-2596	87	161	process	process	NOUN
ajbmeb-2596	87	162	described	describe	VERB
ajbmeb-2596	87	163	in	in	ADP
ajbmeb-2596	87	164	table	table	NOUN
ajbmeb-2596	87	165	1	1	NUM
ajbmeb-2596	87	166	is	be	AUX
ajbmeb-2596	87	167	presented	present	VERB
ajbmeb-2596	87	168	below	below	ADP
ajbmeb-2596	87	169	:	:	PUNCT
ajbmeb-2596	87	170	1	1	X
ajbmeb-2596	87	171	.	.	X
ajbmeb-2596	87	172	fund	fund	NOUN
ajbmeb-2596	87	173	formation	formation	NOUN
ajbmeb-2596	87	174	.	.	PUNCT
ajbmeb-2596	88	1	the	the	DET
ajbmeb-2596	88	2	state	state	NOUN
ajbmeb-2596	88	3	retains	retain	VERB
ajbmeb-2596	88	4	control	control	NOUN
ajbmeb-2596	88	5	and	and	CCONJ
ajbmeb-2596	88	6	transfers	transfer	NOUN
ajbmeb-2596	88	7	part	part	NOUN
ajbmeb-2596	88	8	of	of	ADP
ajbmeb-2596	88	9	the	the	DET
ajbmeb-2596	88	10	shares	share	NOUN
ajbmeb-2596	88	11	of	of	ADP
ajbmeb-2596	88	12	state	state	NOUN
ajbmeb-2596	88	13	-	-	PUNCT
ajbmeb-2596	88	14	owned	own	VERB
ajbmeb-2596	88	15	companies	company	NOUN
ajbmeb-2596	88	16	to	to	ADP
ajbmeb-2596	88	17	the	the	DET
ajbmeb-2596	88	18	fund	fund	NOUN
ajbmeb-2596	88	19	.	.	PUNCT
ajbmeb-2596	89	1	the	the	DET
ajbmeb-2596	89	2	fund	fund	NOUN
ajbmeb-2596	89	3	is	be	AUX
ajbmeb-2596	89	4	managed	manage	VERB
ajbmeb-2596	89	5	by	by	ADP
ajbmeb-2596	89	6	an	an	DET
ajbmeb-2596	89	7	international	international	ADJ
ajbmeb-2596	89	8	asset	asset	NOUN
ajbmeb-2596	89	9	management	management	NOUN
ajbmeb-2596	89	10	company	company	NOUN
ajbmeb-2596	89	11	.	.	PUNCT
ajbmeb-2596	90	1	2	2	X
ajbmeb-2596	90	2	.	.	X
ajbmeb-2596	90	3	listing	list	VERB
ajbmeb-2596	90	4	of	of	ADP
ajbmeb-2596	90	5	the	the	DET
ajbmeb-2596	90	6	fund	fund	NOUN
ajbmeb-2596	90	7	on	on	ADP
ajbmeb-2596	90	8	the	the	DET
ajbmeb-2596	90	9	domestic	domestic	ADJ
ajbmeb-2596	90	10	exchange	exchange	NOUN
ajbmeb-2596	90	11	.	.	PUNCT
ajbmeb-2596	91	1	the	the	DET
ajbmeb-2596	91	2	fund	fund	NOUN
ajbmeb-2596	91	3	is	be	AUX
ajbmeb-2596	91	4	registered	register	VERB
ajbmeb-2596	91	5	on	on	ADP
ajbmeb-2596	91	6	the	the	DET
ajbmeb-2596	91	7	national	national	ADJ
ajbmeb-2596	91	8	stock	stock	PROPN
ajbmeb-2596	91	9	exchange	exchange	PROPN
ajbmeb-2596	91	10	.	.	PUNCT
ajbmeb-2596	92	1	3	3	X
ajbmeb-2596	92	2	.	.	X
ajbmeb-2596	92	3	attracting	attract	VERB
ajbmeb-2596	92	4	investments	investment	NOUN
ajbmeb-2596	92	5	through	through	ADP
ajbmeb-2596	92	6	ipo	ipo	PROPN
ajbmeb-2596	92	7	.	.	PUNCT
ajbmeb-2596	93	1	local	local	ADJ
ajbmeb-2596	93	2	and	and	CCONJ
ajbmeb-2596	93	3	foreign	foreign	ADJ
ajbmeb-2596	93	4	investors	investor	NOUN
ajbmeb-2596	93	5	are	be	AUX
ajbmeb-2596	93	6	given	give	VERB
ajbmeb-2596	93	7	the	the	DET
ajbmeb-2596	93	8	opportunity	opportunity	NOUN
ajbmeb-2596	93	9	to	to	PART
ajbmeb-2596	93	10	purchase	purchase	VERB
ajbmeb-2596	93	11	shares	share	NOUN
ajbmeb-2596	93	12	of	of	ADP
ajbmeb-2596	93	13	the	the	DET
ajbmeb-2596	93	14	fund	fund	NOUN
ajbmeb-2596	93	15	through	through	ADP
ajbmeb-2596	93	16	an	an	DET
ajbmeb-2596	93	17	ipo	ipo	NOUN
ajbmeb-2596	93	18	.	.	PUNCT
ajbmeb-2596	94	1	the	the	DET
ajbmeb-2596	94	2	proceeds	proceed	NOUN
ajbmeb-2596	94	3	from	from	ADP
ajbmeb-2596	94	4	the	the	DET
ajbmeb-2596	94	5	ipo	ipo	NOUN
ajbmeb-2596	94	6	are	be	AUX
ajbmeb-2596	94	7	used	use	VERB
ajbmeb-2596	94	8	for	for	ADP
ajbmeb-2596	94	9	company	company	NOUN
ajbmeb-2596	94	10	development	development	NOUN
ajbmeb-2596	94	11	and	and	CCONJ
ajbmeb-2596	94	12	to	to	PART
ajbmeb-2596	94	13	finance	finance	VERB
ajbmeb-2596	94	14	the	the	DET
ajbmeb-2596	94	15	fund	fund	NOUN
ajbmeb-2596	94	16	’s	’s	PART
ajbmeb-2596	94	17	operations	operation	NOUN
ajbmeb-2596	94	18	.	.	PUNCT
ajbmeb-2596	95	1	in	in	ADP
ajbmeb-2596	95	2	addition	addition	NOUN
ajbmeb-2596	95	3	,	,	PUNCT
ajbmeb-2596	95	4	local	local	ADJ
ajbmeb-2596	95	5	and	and	CCONJ
ajbmeb-2596	95	6	foreign	foreign	ADJ
ajbmeb-2596	95	7	investors	investor	NOUN
ajbmeb-2596	95	8	may	may	AUX
ajbmeb-2596	95	9	acquire	acquire	VERB
ajbmeb-2596	95	10	shares	share	NOUN
ajbmeb-2596	95	11	through	through	ADP
ajbmeb-2596	95	12	an	an	DET
ajbmeb-2596	95	13	spo	spo	PROPN
ajbmeb-2596	95	14	.	.	PUNCT
ajbmeb-2596	96	1	the	the	DET
ajbmeb-2596	96	2	funds	fund	NOUN
ajbmeb-2596	96	3	raised	raise	VERB
ajbmeb-2596	96	4	from	from	ADP
ajbmeb-2596	96	5	the	the	DET
ajbmeb-2596	96	6	spo	spo	NOUN
ajbmeb-2596	96	7	are	be	AUX
ajbmeb-2596	96	8	directed	direct	VERB
ajbmeb-2596	96	9	to	to	ADP
ajbmeb-2596	96	10	the	the	DET
ajbmeb-2596	96	11	state	state	NOUN
ajbmeb-2596	96	12	budget	budget	NOUN
ajbmeb-2596	96	13	.	.	PUNCT
ajbmeb-2596	97	1	4	4	X
ajbmeb-2596	97	2	.	.	X
ajbmeb-2596	97	3	listing	list	VERB
ajbmeb-2596	97	4	on	on	ADP
ajbmeb-2596	97	5	an	an	DET
ajbmeb-2596	97	6	international	international	ADJ
ajbmeb-2596	97	7	exchange	exchange	NOUN
ajbmeb-2596	97	8	.	.	PUNCT
ajbmeb-2596	98	1	to	to	PART
ajbmeb-2596	98	2	attract	attract	VERB
ajbmeb-2596	98	3	a	a	DET
ajbmeb-2596	98	4	large	large	ADJ
ajbmeb-2596	98	5	number	number	NOUN
ajbmeb-2596	98	6	of	of	ADP
ajbmeb-2596	98	7	international	international	ADJ
ajbmeb-2596	98	8	investors	investor	NOUN
ajbmeb-2596	98	9	,	,	PUNCT
ajbmeb-2596	98	10	the	the	DET
ajbmeb-2596	98	11	fund	fund	NOUN
ajbmeb-2596	98	12	is	be	AUX
ajbmeb-2596	98	13	registered	register	VERB
ajbmeb-2596	98	14	on	on	ADP
ajbmeb-2596	98	15	an	an	DET
ajbmeb-2596	98	16	international	international	ADJ
ajbmeb-2596	98	17	stock	stock	NOUN
ajbmeb-2596	98	18	exchange	exchange	NOUN
ajbmeb-2596	98	19	.	.	PUNCT
ajbmeb-2596	99	1	1	1	NUM
ajbmeb-2596	99	2	prepared	prepare	VERB
ajbmeb-2596	99	3	by	by	ADP
ajbmeb-2596	99	4	the	the	DET
ajbmeb-2596	99	5	author	author	NOUN
ajbmeb-2596	99	6	american	american	PROPN
ajbmeb-2596	99	7	journal	journal	PROPN
ajbmeb-2596	99	8	of	of	ADP
ajbmeb-2596	99	9	business	business	NOUN
ajbmeb-2596	99	10	management	management	NOUN
ajbmeb-2596	99	11	,	,	PUNCT
ajbmeb-2596	99	12	economics	economic	NOUN
ajbmeb-2596	99	13	and	and	CCONJ
ajbmeb-2596	99	14	banking	banking	NOUN
ajbmeb-2596	99	15	volume	volume	NOUN
ajbmeb-2596	99	16	37	37	NUM
ajbmeb-2596	99	17	june2025	june2025	PROPN
ajbmeb-2596	99	18	p	p	NOUN
ajbmeb-2596	99	19	a	a	DET
ajbmeb-2596	99	20	g	g	NOUN
ajbmeb-2596	99	21	e	e	NOUN
ajbmeb-2596	99	22	|	|	NOUN
ajbmeb-2596	99	23	125	125	NUM
ajbmeb-2596	99	24	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-2596	99	25	5	5	NUM
ajbmeb-2596	99	26	.	.	PUNCT
ajbmeb-2596	99	27	listing	listing	NOUN
ajbmeb-2596	99	28	of	of	ADP
ajbmeb-2596	99	29	portfolio	portfolio	NOUN
ajbmeb-2596	99	30	companies	company	NOUN
ajbmeb-2596	99	31	.	.	PUNCT
ajbmeb-2596	100	1	portfolio	portfolio	NOUN
ajbmeb-2596	100	2	companies	company	NOUN
ajbmeb-2596	100	3	are	be	AUX
ajbmeb-2596	100	4	listed	list	VERB
ajbmeb-2596	100	5	on	on	ADP
ajbmeb-2596	100	6	domestic	domestic	ADJ
ajbmeb-2596	100	7	and	and	CCONJ
ajbmeb-2596	100	8	international	international	ADJ
ajbmeb-2596	100	9	stock	stock	NOUN
ajbmeb-2596	100	10	exchanges	exchange	NOUN
ajbmeb-2596	100	11	to	to	PART
ajbmeb-2596	100	12	attract	attract	VERB
ajbmeb-2596	100	13	investors	investor	NOUN
ajbmeb-2596	100	14	and	and	CCONJ
ajbmeb-2596	100	15	raise	raise	VERB
ajbmeb-2596	100	16	financing	financing	NOUN
ajbmeb-2596	100	17	.	.	PUNCT
ajbmeb-2596	101	1	as	as	ADP
ajbmeb-2596	101	2	a	a	DET
ajbmeb-2596	101	3	result	result	NOUN
ajbmeb-2596	101	4	,	,	PUNCT
ajbmeb-2596	101	5	the	the	DET
ajbmeb-2596	101	6	state	state	NOUN
ajbmeb-2596	101	7	and	and	CCONJ
ajbmeb-2596	101	8	the	the	DET
ajbmeb-2596	101	9	fund	fund	NOUN
ajbmeb-2596	101	10	have	have	VERB
ajbmeb-2596	101	11	the	the	DET
ajbmeb-2596	101	12	opportunity	opportunity	NOUN
ajbmeb-2596	101	13	to	to	PART
ajbmeb-2596	101	14	sell	sell	VERB
ajbmeb-2596	101	15	their	their	PRON
ajbmeb-2596	101	16	shares	share	NOUN
ajbmeb-2596	101	17	at	at	ADP
ajbmeb-2596	101	18	higher	high	ADJ
ajbmeb-2596	101	19	prices	price	NOUN
ajbmeb-2596	101	20	,	,	PUNCT
ajbmeb-2596	101	21	maximizing	maximize	VERB
ajbmeb-2596	101	22	returns	return	NOUN
ajbmeb-2596	101	23	for	for	ADP
ajbmeb-2596	101	24	the	the	DET
ajbmeb-2596	101	25	state	state	NOUN
ajbmeb-2596	101	26	budget	budget	NOUN
ajbmeb-2596	101	27	and	and	CCONJ
ajbmeb-2596	101	28	fund	fund	NOUN
ajbmeb-2596	101	29	shareholders	shareholder	NOUN
ajbmeb-2596	101	30	.	.	PUNCT
ajbmeb-2596	102	1	in	in	ADP
ajbmeb-2596	102	2	accordance	accordance	NOUN
ajbmeb-2596	102	3	with	with	ADP
ajbmeb-2596	102	4	the	the	DET
ajbmeb-2596	102	5	decree	decree	NOUN
ajbmeb-2596	102	6	of	of	ADP
ajbmeb-2596	102	7	the	the	DET
ajbmeb-2596	102	8	president	president	NOUN
ajbmeb-2596	102	9	of	of	ADP
ajbmeb-2596	102	10	the	the	DET
ajbmeb-2596	102	11	republic	republic	NOUN
ajbmeb-2596	102	12	of	of	ADP
ajbmeb-2596	102	13	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	102	14	dated	date	VERB
ajbmeb-2596	102	15	august	august	PROPN
ajbmeb-2596	102	16	27	27	NUM
ajbmeb-2596	102	17	,	,	PUNCT
ajbmeb-2596	102	18	2024	2024	NUM
ajbmeb-2596	102	19	,	,	PUNCT
ajbmeb-2596	102	20	no	no	INTJ
ajbmeb-2596	102	21	.	.	PUNCT
ajbmeb-2596	102	22	pp-303	pp-303	X
ajbmeb-2596	103	1	[	[	X
ajbmeb-2596	103	2	12	12	NUM
ajbmeb-2596	103	3	]	]	PUNCT
ajbmeb-2596	103	4	,	,	PUNCT
ajbmeb-2596	103	5	the	the	DET
ajbmeb-2596	103	6	joint	joint	ADJ
ajbmeb-2596	103	7	-	-	PUNCT
ajbmeb-2596	103	8	stock	stock	NOUN
ajbmeb-2596	103	9	company	company	NOUN
ajbmeb-2596	103	10	"	"	PUNCT
ajbmeb-2596	103	11	national	national	ADJ
ajbmeb-2596	103	12	investment	investment	NOUN
ajbmeb-2596	103	13	fund	fund	NOUN
ajbmeb-2596	103	14	of	of	ADP
ajbmeb-2596	103	15	the	the	DET
ajbmeb-2596	103	16	republic	republic	NOUN
ajbmeb-2596	103	17	of	of	ADP
ajbmeb-2596	103	18	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	103	19	"	"	PUNCT
ajbmeb-2596	103	20	was	be	AUX
ajbmeb-2596	103	21	established	establish	VERB
ajbmeb-2596	103	22	and	and	CCONJ
ajbmeb-2596	103	23	officially	officially	ADV
ajbmeb-2596	103	24	registered	register	VERB
ajbmeb-2596	103	25	on	on	ADP
ajbmeb-2596	103	26	december	december	PROPN
ajbmeb-2596	103	27	24	24	NUM
ajbmeb-2596	103	28	,	,	PUNCT
ajbmeb-2596	103	29	2024	2024	NUM
ajbmeb-2596	103	30	.	.	PUNCT
ajbmeb-2596	104	1	the	the	DET
ajbmeb-2596	104	2	ministry	ministry	PROPN
ajbmeb-2596	104	3	of	of	ADP
ajbmeb-2596	104	4	economy	economy	NOUN
ajbmeb-2596	104	5	and	and	CCONJ
ajbmeb-2596	104	6	finance	finance	NOUN
ajbmeb-2596	104	7	of	of	ADP
ajbmeb-2596	104	8	the	the	DET
ajbmeb-2596	104	9	republic	republic	NOUN
ajbmeb-2596	104	10	of	of	ADP
ajbmeb-2596	104	11	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	104	12	is	be	AUX
ajbmeb-2596	104	13	the	the	DET
ajbmeb-2596	104	14	sole	sole	ADJ
ajbmeb-2596	104	15	founder	founder	NOUN
ajbmeb-2596	104	16	of	of	ADP
ajbmeb-2596	104	17	the	the	DET
ajbmeb-2596	104	18	fund	fund	NOUN
ajbmeb-2596	104	19	.	.	PUNCT
ajbmeb-2596	105	1	the	the	DET
ajbmeb-2596	105	2	fund	fund	NOUN
ajbmeb-2596	105	3	's	's	PART
ajbmeb-2596	105	4	capital	capital	NOUN
ajbmeb-2596	105	5	was	be	AUX
ajbmeb-2596	105	6	formed	form	VERB
ajbmeb-2596	105	7	through	through	ADP
ajbmeb-2596	105	8	the	the	DET
ajbmeb-2596	105	9	transfer	transfer	NOUN
ajbmeb-2596	105	10	of	of	ADP
ajbmeb-2596	105	11	shareholdings	shareholding	NOUN
ajbmeb-2596	105	12	ranging	range	VERB
ajbmeb-2596	105	13	from	from	ADP
ajbmeb-2596	105	14	20	20	NUM
ajbmeb-2596	105	15	%	%	NOUN
ajbmeb-2596	105	16	to	to	PART
ajbmeb-2596	105	17	40	40	NUM
ajbmeb-2596	105	18	%	%	NOUN
ajbmeb-2596	105	19	in	in	ADP
ajbmeb-2596	105	20	18	18	NUM
ajbmeb-2596	105	21	state	state	NOUN
ajbmeb-2596	105	22	-	-	PUNCT
ajbmeb-2596	105	23	owned	own	VERB
ajbmeb-2596	105	24	enterprises	enterprise	NOUN
ajbmeb-2596	105	25	and	and	CCONJ
ajbmeb-2596	105	26	commercial	commercial	ADJ
ajbmeb-2596	105	27	banks	bank	NOUN
ajbmeb-2596	105	28	(	(	PUNCT
ajbmeb-2596	105	29	table	table	NOUN
ajbmeb-2596	105	30	2	2	NUM
ajbmeb-2596	105	31	)	)	PUNCT
ajbmeb-2596	105	32	.	.	PUNCT
ajbmeb-2596	106	1	table	table	NOUN
ajbmeb-2596	106	2	2	2	NUM
ajbmeb-2596	106	3	list	list	NOUN
ajbmeb-2596	106	4	of	of	ADP
ajbmeb-2596	106	5	enterprises	enterprise	NOUN
ajbmeb-2596	106	6	and	and	CCONJ
ajbmeb-2596	106	7	commercial	commercial	ADJ
ajbmeb-2596	106	8	banks	bank	NOUN
ajbmeb-2596	106	9	whose	whose	DET
ajbmeb-2596	106	10	shares	share	NOUN
ajbmeb-2596	106	11	are	be	AUX
ajbmeb-2596	106	12	transferred	transfer	VERB
ajbmeb-2596	106	13	to	to	PART
ajbmeb-2596	106	14	form	form	VERB
ajbmeb-2596	106	15	the	the	DET
ajbmeb-2596	106	16	charter	charter	NOUN
ajbmeb-2596	106	17	capital	capital	NOUN
ajbmeb-2596	106	18	of	of	ADP
ajbmeb-2596	106	19	the	the	DET
ajbmeb-2596	106	20	jsc	jsc	PROPN
ajbmeb-2596	106	21	"	"	PUNCT
ajbmeb-2596	106	22	national	national	ADJ
ajbmeb-2596	106	23	investment	investment	NOUN
ajbmeb-2596	106	24	fund	fund	NOUN
ajbmeb-2596	106	25	of	of	ADP
ajbmeb-2596	106	26	the	the	DET
ajbmeb-2596	106	27	republic	republic	NOUN
ajbmeb-2596	106	28	of	of	ADP
ajbmeb-2596	106	29	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	106	30	"	"	PUNCT
ajbmeb-2596	107	1	[	[	X
ajbmeb-2596	107	2	12	12	NUM
ajbmeb-2596	107	3	]	]	PUNCT
ajbmeb-2596	107	4	№	№	NOUN
ajbmeb-2596	107	5	name	name	NOUN
ajbmeb-2596	107	6	transferred	transfer	VERB
ajbmeb-2596	107	7	share	share	NOUN
ajbmeb-2596	107	8	(	(	PUNCT
ajbmeb-2596	107	9	%	%	NOUN
ajbmeb-2596	107	10	)	)	PUNCT
ajbmeb-2596	107	11	1	1	NUM
ajbmeb-2596	107	12	jsc	jsc	PROPN
ajbmeb-2596	107	13	"	"	PUNCT
ajbmeb-2596	107	14	navoiyazot	navoiyazot	NOUN
ajbmeb-2596	107	15	"	"	PUNCT
ajbmeb-2596	107	16	25	25	NUM
ajbmeb-2596	107	17	2	2	NUM
ajbmeb-2596	107	18	jsc	jsc	NOUN
ajbmeb-2596	107	19	"	"	PUNCT
ajbmeb-2596	107	20	regional	regional	ADJ
ajbmeb-2596	107	21	electric	electric	ADJ
ajbmeb-2596	107	22	networks	network	NOUN
ajbmeb-2596	107	23	"	"	PUNCT
ajbmeb-2596	107	24	40	40	NUM
ajbmeb-2596	107	25	3	3	NUM
ajbmeb-2596	107	26	jsc	jsc	NOUN
ajbmeb-2596	107	27	"	"	PUNCT
ajbmeb-2596	107	28	thermal	thermal	ADJ
ajbmeb-2596	107	29	power	power	NOUN
ajbmeb-2596	107	30	stations	station	NOUN
ajbmeb-2596	107	31	"	"	PUNCT
ajbmeb-2596	107	32	25	25	NUM
ajbmeb-2596	107	33	4	4	NUM
ajbmeb-2596	107	34	jsc	jsc	PROPN
ajbmeb-2596	107	35	"	"	PUNCT
ajbmeb-2596	107	36	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	107	37	airports	airport	NOUN
ajbmeb-2596	107	38	"	"	PUNCT
ajbmeb-2596	107	39	25	25	NUM
ajbmeb-2596	107	40	5	5	NUM
ajbmeb-2596	107	41	joint	joint	ADJ
ajbmeb-2596	107	42	-	-	PUNCT
ajbmeb-2596	107	43	stock	stock	NOUN
ajbmeb-2596	107	44	commercial	commercial	ADJ
ajbmeb-2596	107	45	bank	bank	PROPN
ajbmeb-2596	107	46	"	"	PUNCT
ajbmeb-2596	107	47	xalq	xalq	PROPN
ajbmeb-2596	107	48	banki	banki	PROPN
ajbmeb-2596	107	49	"	"	PUNCT
ajbmeb-2596	107	50	30	30	NUM
ajbmeb-2596	107	51	6	6	NUM
ajbmeb-2596	107	52	jsc	jsc	NOUN
ajbmeb-2596	107	53	"	"	PUNCT
ajbmeb-2596	107	54	uzbekhydroenergo	uzbekhydroenergo	NOUN
ajbmeb-2596	107	55	"	"	PUNCT
ajbmeb-2596	107	56	20	20	NUM
ajbmeb-2596	107	57	7	7	NUM
ajbmeb-2596	107	58	jscb	jscb	NOUN
ajbmeb-2596	107	59	"	"	PUNCT
ajbmeb-2596	107	60	microcreditbank	microcreditbank	ADJ
ajbmeb-2596	107	61	"	"	PUNCT
ajbmeb-2596	107	62	40	40	NUM
ajbmeb-2596	107	63	8	8	NUM
ajbmeb-2596	107	64	jsc	jsc	NOUN
ajbmeb-2596	107	65	"	"	PUNCT
ajbmeb-2596	107	66	uzbektelecom	uzbektelecom	PROPN
ajbmeb-2596	107	67	"	"	PUNCT
ajbmeb-2596	107	68	25	25	NUM
ajbmeb-2596	107	69	9	9	NUM
ajbmeb-2596	107	70	jscb	jscb	NOUN
ajbmeb-2596	107	71	"	"	PUNCT
ajbmeb-2596	107	72	business	business	PROPN
ajbmeb-2596	107	73	development	development	PROPN
ajbmeb-2596	107	74	bank	bank	PROPN
ajbmeb-2596	107	75	"	"	PUNCT
ajbmeb-2596	107	76	25	25	NUM
ajbmeb-2596	107	77	10	10	NUM
ajbmeb-2596	107	78	jsc	jsc	PROPN
ajbmeb-2596	107	79	"	"	PUNCT
ajbmeb-2596	107	80	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	107	81	airways	airway	NOUN
ajbmeb-2596	107	82	"	"	PUNCT
ajbmeb-2596	107	83	25	25	NUM
ajbmeb-2596	107	84	11	11	NUM
ajbmeb-2596	107	85	jsc	jsc	NOUN
ajbmeb-2596	107	86	"	"	PUNCT
ajbmeb-2596	107	87	railway	railway	NOUN
ajbmeb-2596	107	88	infrastructure	infrastructure	NOUN
ajbmeb-2596	107	89	"	"	PUNCT
ajbmeb-2596	107	90	25	25	NUM
ajbmeb-2596	107	91	12	12	NUM
ajbmeb-2596	107	92	jsc	jsc	NOUN
ajbmeb-2596	107	93	"	"	PUNCT
ajbmeb-2596	107	94	regional	regional	ADJ
ajbmeb-2596	107	95	gas	gas	NOUN
ajbmeb-2596	107	96	supply	supply	NOUN
ajbmeb-2596	107	97	"	"	PUNCT
ajbmeb-2596	107	98	40	40	NUM
ajbmeb-2596	107	99	13	13	NUM
ajbmeb-2596	107	100	jsc	jsc	PROPN
ajbmeb-2596	107	101	"	"	PUNCT
ajbmeb-2596	107	102	toshshahartansservice	toshshahartansservice	NOUN
ajbmeb-2596	107	103	"	"	PUNCT
ajbmeb-2596	107	104	25	25	NUM
ajbmeb-2596	107	105	14	14	NUM
ajbmeb-2596	107	106	jsc	jsc	PROPN
ajbmeb-2596	107	107	"	"	PUNCT
ajbmeb-2596	107	108	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	107	109	post	post	NOUN
ajbmeb-2596	107	110	"	"	PUNCT
ajbmeb-2596	107	111	25	25	NUM
ajbmeb-2596	107	112	15	15	NUM
ajbmeb-2596	107	113	jsc	jsc	PROPN
ajbmeb-2596	107	114	“	"	PUNCT
ajbmeb-2596	107	115	national	national	PROPN
ajbmeb-2596	107	116	electric	electric	ADJ
ajbmeb-2596	107	117	grid	grid	NOUN
ajbmeb-2596	107	118	of	of	ADP
ajbmeb-2596	107	119	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	107	120	”	"	PUNCT
ajbmeb-2596	107	121	40	40	NUM
ajbmeb-2596	107	122	16	16	NUM
ajbmeb-2596	107	123	jsc	jsc	PROPN
ajbmeb-2596	107	124	"	"	PUNCT
ajbmeb-2596	107	125	republican	republican	ADJ
ajbmeb-2596	107	126	commodity	commodity	NOUN
ajbmeb-2596	107	127	exchange	exchange	PROPN
ajbmeb-2596	107	128	of	of	ADP
ajbmeb-2596	107	129	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	107	130	"	"	PUNCT
ajbmeb-2596	107	131	40	40	NUM
ajbmeb-2596	107	132	17	17	NUM
ajbmeb-2596	107	133	jsc	jsc	PROPN
ajbmeb-2596	107	134	"	"	PUNCT
ajbmeb-2596	107	135	uzbekinvest	uzbekinvest	X
ajbmeb-2596	107	136	"	"	PUNCT
ajbmeb-2596	107	137	20	20	NUM
ajbmeb-2596	107	138	18	18	NUM
ajbmeb-2596	107	139	jsc	jsc	NOUN
ajbmeb-2596	107	140	“	"	PUNCT
ajbmeb-2596	107	141	uzsuvtaminot	uzsuvtaminot	ADJ
ajbmeb-2596	107	142	”	"	PUNCT
ajbmeb-2596	107	143	40	40	NUM
ajbmeb-2596	107	144	american	american	ADJ
ajbmeb-2596	107	145	journal	journal	PROPN
ajbmeb-2596	107	146	of	of	ADP
ajbmeb-2596	107	147	business	business	NOUN
ajbmeb-2596	107	148	management	management	NOUN
ajbmeb-2596	107	149	,	,	PUNCT
ajbmeb-2596	107	150	economics	economic	NOUN
ajbmeb-2596	107	151	and	and	CCONJ
ajbmeb-2596	107	152	banking	banking	NOUN
ajbmeb-2596	107	153	volume	volume	NOUN
ajbmeb-2596	108	1	37	37	NUM
ajbmeb-2596	108	2	june2025	june2025	PROPN
ajbmeb-2596	108	3	p	p	NOUN
ajbmeb-2596	108	4	a	a	DET
ajbmeb-2596	108	5	g	g	NOUN
ajbmeb-2596	108	6	e	e	NOUN
ajbmeb-2596	108	7	|	|	ADV
ajbmeb-2596	108	8	126	126	NUM
ajbmeb-2596	108	9	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-2596	108	10	this	this	DET
ajbmeb-2596	108	11	table	table	NOUN
ajbmeb-2596	108	12	2	2	NUM
ajbmeb-2596	108	13	presents	present	VERB
ajbmeb-2596	108	14	a	a	DET
ajbmeb-2596	108	15	list	list	NOUN
ajbmeb-2596	108	16	of	of	ADP
ajbmeb-2596	108	17	18	18	NUM
ajbmeb-2596	108	18	major	major	ADJ
ajbmeb-2596	108	19	enterprises	enterprise	NOUN
ajbmeb-2596	108	20	and	and	CCONJ
ajbmeb-2596	108	21	commercial	commercial	ADJ
ajbmeb-2596	108	22	banks	bank	NOUN
ajbmeb-2596	108	23	whose	whose	DET
ajbmeb-2596	108	24	state	state	NOUN
ajbmeb-2596	108	25	shares	share	NOUN
ajbmeb-2596	108	26	are	be	AUX
ajbmeb-2596	108	27	being	be	AUX
ajbmeb-2596	108	28	transferred	transfer	VERB
ajbmeb-2596	108	29	to	to	PART
ajbmeb-2596	108	30	form	form	VERB
ajbmeb-2596	108	31	the	the	DET
ajbmeb-2596	108	32	charter	charter	NOUN
ajbmeb-2596	108	33	capital	capital	NOUN
ajbmeb-2596	108	34	of	of	ADP
ajbmeb-2596	108	35	the	the	DET
ajbmeb-2596	108	36	joint	joint	ADJ
ajbmeb-2596	108	37	-	-	PUNCT
ajbmeb-2596	108	38	stock	stock	NOUN
ajbmeb-2596	108	39	company	company	NOUN
ajbmeb-2596	108	40	"	"	PUNCT
ajbmeb-2596	108	41	national	national	ADJ
ajbmeb-2596	108	42	investment	investment	NOUN
ajbmeb-2596	108	43	fund	fund	NOUN
ajbmeb-2596	108	44	of	of	ADP
ajbmeb-2596	108	45	the	the	DET
ajbmeb-2596	108	46	republic	republic	NOUN
ajbmeb-2596	108	47	of	of	ADP
ajbmeb-2596	108	48	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	108	49	"	"	PUNCT
ajbmeb-2596	108	50	,	,	PUNCT
ajbmeb-2596	108	51	along	along	ADP
ajbmeb-2596	108	52	with	with	ADP
ajbmeb-2596	108	53	the	the	DET
ajbmeb-2596	108	54	percentage	percentage	NOUN
ajbmeb-2596	108	55	of	of	ADP
ajbmeb-2596	108	56	shares	share	NOUN
ajbmeb-2596	108	57	allocated	allocate	VERB
ajbmeb-2596	108	58	to	to	ADP
ajbmeb-2596	108	59	the	the	DET
ajbmeb-2596	108	60	fund	fund	NOUN
ajbmeb-2596	108	61	.	.	PUNCT
ajbmeb-2596	109	1	from	from	ADP
ajbmeb-2596	109	2	the	the	DET
ajbmeb-2596	109	3	data	datum	NOUN
ajbmeb-2596	109	4	in	in	ADP
ajbmeb-2596	109	5	the	the	DET
ajbmeb-2596	109	6	table	table	NOUN
ajbmeb-2596	109	7	,	,	PUNCT
ajbmeb-2596	109	8	it	it	PRON
ajbmeb-2596	109	9	is	be	AUX
ajbmeb-2596	109	10	evident	evident	ADJ
ajbmeb-2596	109	11	that	that	SCONJ
ajbmeb-2596	109	12	the	the	DET
ajbmeb-2596	109	13	sectors	sector	NOUN
ajbmeb-2596	109	14	prioritized	prioritize	VERB
ajbmeb-2596	109	15	for	for	ADP
ajbmeb-2596	109	16	transfer	transfer	NOUN
ajbmeb-2596	109	17	into	into	ADP
ajbmeb-2596	109	18	the	the	DET
ajbmeb-2596	109	19	fund	fund	NOUN
ajbmeb-2596	109	20	include	include	VERB
ajbmeb-2596	109	21	industry	industry	NOUN
ajbmeb-2596	109	22	,	,	PUNCT
ajbmeb-2596	109	23	infrastructure	infrastructure	NOUN
ajbmeb-2596	109	24	,	,	PUNCT
ajbmeb-2596	109	25	and	and	CCONJ
ajbmeb-2596	109	26	energy	energy	NOUN
ajbmeb-2596	109	27	.	.	PUNCT
ajbmeb-2596	110	1	in	in	ADP
ajbmeb-2596	110	2	other	other	ADJ
ajbmeb-2596	110	3	words	word	NOUN
ajbmeb-2596	110	4	,	,	PUNCT
ajbmeb-2596	110	5	most	most	ADJ
ajbmeb-2596	110	6	of	of	ADP
ajbmeb-2596	110	7	the	the	DET
ajbmeb-2596	110	8	enterprises	enterprise	NOUN
ajbmeb-2596	110	9	listed	list	VERB
ajbmeb-2596	110	10	belong	belong	VERB
ajbmeb-2596	110	11	to	to	ADP
ajbmeb-2596	110	12	strategic	strategic	ADJ
ajbmeb-2596	110	13	sectors	sector	NOUN
ajbmeb-2596	110	14	.	.	PUNCT
ajbmeb-2596	111	1	specifically	specifically	ADV
ajbmeb-2596	111	2	:	:	PUNCT
ajbmeb-2596	111	3	1	1	X
ajbmeb-2596	111	4	)	)	PUNCT
ajbmeb-2596	111	5	in	in	ADP
ajbmeb-2596	111	6	the	the	DET
ajbmeb-2596	111	7	energy	energy	NOUN
ajbmeb-2596	111	8	sector	sector	NOUN
ajbmeb-2596	111	9	:	:	PUNCT
ajbmeb-2596	111	10	jsc	jsc	PROPN
ajbmeb-2596	111	11	"	"	PUNCT
ajbmeb-2596	111	12	regional	regional	ADJ
ajbmeb-2596	111	13	electric	electric	ADJ
ajbmeb-2596	111	14	networks	network	NOUN
ajbmeb-2596	111	15	"	"	PUNCT
ajbmeb-2596	111	16	,	,	PUNCT
ajbmeb-2596	111	17	jsc	jsc	PROPN
ajbmeb-2596	111	18	“	"	PUNCT
ajbmeb-2596	111	19	national	national	PROPN
ajbmeb-2596	111	20	electric	electric	ADJ
ajbmeb-2596	111	21	grid	grid	NOUN
ajbmeb-2596	111	22	of	of	ADP
ajbmeb-2596	111	23	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	111	24	”	"	PUNCT
ajbmeb-2596	111	25	,	,	PUNCT
ajbmeb-2596	111	26	jsc	jsc	VERB
ajbmeb-2596	111	27	"	"	PUNCT
ajbmeb-2596	111	28	thermal	thermal	ADJ
ajbmeb-2596	111	29	power	power	NOUN
ajbmeb-2596	111	30	stations	station	NOUN
ajbmeb-2596	111	31	"	"	PUNCT
ajbmeb-2596	111	32	,	,	PUNCT
ajbmeb-2596	111	33	jsc	jsc	PROPN
ajbmeb-2596	111	34	"	"	PUNCT
ajbmeb-2596	111	35	uzbekhydroenergo	uzbekhydroenergo	NOUN
ajbmeb-2596	111	36	"	"	PUNCT
ajbmeb-2596	111	37	,	,	PUNCT
ajbmeb-2596	111	38	jsc	jsc	PROPN
ajbmeb-2596	111	39	"	"	PUNCT
ajbmeb-2596	111	40	regional	regional	ADJ
ajbmeb-2596	111	41	gas	gas	NOUN
ajbmeb-2596	111	42	supply	supply	NOUN
ajbmeb-2596	111	43	"	"	PUNCT
ajbmeb-2596	111	44	,	,	PUNCT
ajbmeb-2596	111	45	and	and	CCONJ
ajbmeb-2596	111	46	jsc	jsc	PROPN
ajbmeb-2596	111	47	“	"	PUNCT
ajbmeb-2596	111	48	uzsuvtaminot	uzsuvtaminot	PROPN
ajbmeb-2596	111	49	”	"	PUNCT
ajbmeb-2596	111	50	;	;	PUNCT
ajbmeb-2596	111	51	2	2	X
ajbmeb-2596	111	52	)	)	PUNCT
ajbmeb-2596	111	53	in	in	ADP
ajbmeb-2596	111	54	the	the	DET
ajbmeb-2596	111	55	transport	transport	NOUN
ajbmeb-2596	111	56	and	and	CCONJ
ajbmeb-2596	111	57	logistics	logistic	NOUN
ajbmeb-2596	111	58	sector	sector	NOUN
ajbmeb-2596	111	59	:	:	PUNCT
ajbmeb-2596	111	60	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	111	61	airways	airways	PROPN
ajbmeb-2596	111	62	,	,	PUNCT
ajbmeb-2596	111	63	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	111	64	airports	airport	NOUN
ajbmeb-2596	111	65	,	,	PUNCT
ajbmeb-2596	111	66	and	and	CCONJ
ajbmeb-2596	111	67	railway	railway	NOUN
ajbmeb-2596	111	68	infrastructure	infrastructure	NOUN
ajbmeb-2596	111	69	;	;	PUNCT
ajbmeb-2596	111	70	3	3	X
ajbmeb-2596	111	71	)	)	PUNCT
ajbmeb-2596	111	72	in	in	ADP
ajbmeb-2596	111	73	the	the	DET
ajbmeb-2596	111	74	telecommunications	telecommunication	NOUN
ajbmeb-2596	111	75	and	and	CCONJ
ajbmeb-2596	111	76	postal	postal	ADJ
ajbmeb-2596	111	77	sectors	sector	NOUN
ajbmeb-2596	111	78	:	:	PUNCT
ajbmeb-2596	111	79	uzbektelecom	uzbektelecom	PROPN
ajbmeb-2596	111	80	and	and	CCONJ
ajbmeb-2596	111	81	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	111	82	post	post	NOUN
ajbmeb-2596	111	83	;	;	PUNCT
ajbmeb-2596	111	84	4	4	X
ajbmeb-2596	111	85	)	)	PUNCT
ajbmeb-2596	111	86	in	in	ADP
ajbmeb-2596	111	87	the	the	DET
ajbmeb-2596	111	88	chemical	chemical	NOUN
ajbmeb-2596	111	89	sector	sector	NOUN
ajbmeb-2596	111	90	:	:	PUNCT
ajbmeb-2596	111	91	navoiyazot	navoiyazot	NOUN
ajbmeb-2596	111	92	.	.	PUNCT
ajbmeb-2596	112	1	this	this	DET
ajbmeb-2596	112	2	highlights	highlight	VERB
ajbmeb-2596	112	3	the	the	DET
ajbmeb-2596	112	4	significant	significant	ADJ
ajbmeb-2596	112	5	role	role	NOUN
ajbmeb-2596	112	6	of	of	ADP
ajbmeb-2596	112	7	these	these	DET
ajbmeb-2596	112	8	enterprises	enterprise	NOUN
ajbmeb-2596	112	9	in	in	ADP
ajbmeb-2596	112	10	shaping	shape	VERB
ajbmeb-2596	112	11	the	the	DET
ajbmeb-2596	112	12	fund	fund	NOUN
ajbmeb-2596	112	13	's	's	PART
ajbmeb-2596	112	14	charter	charter	NOUN
ajbmeb-2596	112	15	capital	capital	NOUN
ajbmeb-2596	112	16	.	.	PUNCT
ajbmeb-2596	113	1	in	in	ADP
ajbmeb-2596	113	2	addition	addition	NOUN
ajbmeb-2596	113	3	,	,	PUNCT
ajbmeb-2596	113	4	the	the	DET
ajbmeb-2596	113	5	financial	financial	ADJ
ajbmeb-2596	113	6	sector	sector	NOUN
ajbmeb-2596	113	7	,	,	PUNCT
ajbmeb-2596	113	8	especially	especially	ADV
ajbmeb-2596	113	9	the	the	DET
ajbmeb-2596	113	10	banking	banking	NOUN
ajbmeb-2596	113	11	sector	sector	NOUN
ajbmeb-2596	113	12	,	,	PUNCT
ajbmeb-2596	113	13	plays	play	VERB
ajbmeb-2596	113	14	an	an	DET
ajbmeb-2596	113	15	active	active	ADJ
ajbmeb-2596	113	16	role	role	NOUN
ajbmeb-2596	113	17	in	in	ADP
ajbmeb-2596	113	18	capital	capital	NOUN
ajbmeb-2596	113	19	formation	formation	NOUN
ajbmeb-2596	113	20	.	.	PUNCT
ajbmeb-2596	114	1	notably	notably	ADV
ajbmeb-2596	114	2	,	,	PUNCT
ajbmeb-2596	114	3	30	30	NUM
ajbmeb-2596	114	4	%	%	NOUN
ajbmeb-2596	114	5	of	of	ADP
ajbmeb-2596	114	6	shares	share	NOUN
ajbmeb-2596	114	7	in	in	ADP
ajbmeb-2596	114	8	“	"	PUNCT
ajbmeb-2596	114	9	xalq	xalq	PROPN
ajbmeb-2596	114	10	banki	banki	PROPN
ajbmeb-2596	114	11	”	"	PUNCT
ajbmeb-2596	114	12	’s	’s	PART
ajbmeb-2596	114	13	bank	bank	NOUN
ajbmeb-2596	114	14	,	,	PUNCT
ajbmeb-2596	114	15	40	40	NUM
ajbmeb-2596	114	16	%	%	NOUN
ajbmeb-2596	114	17	of	of	ADP
ajbmeb-2596	114	18	shares	share	NOUN
ajbmeb-2596	114	19	in	in	ADP
ajbmeb-2596	114	20	microcreditbank	microcreditbank	ADJ
ajbmeb-2596	114	21	,	,	PUNCT
ajbmeb-2596	114	22	and	and	CCONJ
ajbmeb-2596	114	23	25	25	NUM
ajbmeb-2596	114	24	%	%	NOUN
ajbmeb-2596	114	25	of	of	ADP
ajbmeb-2596	114	26	shares	share	NOUN
ajbmeb-2596	114	27	in	in	ADP
ajbmeb-2596	114	28	the	the	DET
ajbmeb-2596	114	29	business	business	NOUN
ajbmeb-2596	114	30	development	development	PROPN
ajbmeb-2596	114	31	bank	bank	PROPN
ajbmeb-2596	114	32	are	be	AUX
ajbmeb-2596	114	33	planned	plan	VERB
ajbmeb-2596	114	34	for	for	ADP
ajbmeb-2596	114	35	transfer	transfer	NOUN
ajbmeb-2596	114	36	to	to	ADP
ajbmeb-2596	114	37	the	the	DET
ajbmeb-2596	114	38	fund	fund	NOUN
ajbmeb-2596	114	39	.	.	PUNCT
ajbmeb-2596	115	1	this	this	PRON
ajbmeb-2596	115	2	suggests	suggest	VERB
ajbmeb-2596	115	3	that	that	SCONJ
ajbmeb-2596	115	4	the	the	DET
ajbmeb-2596	115	5	transformation	transformation	NOUN
ajbmeb-2596	115	6	and	and	CCONJ
ajbmeb-2596	115	7	enhancement	enhancement	NOUN
ajbmeb-2596	115	8	of	of	ADP
ajbmeb-2596	115	9	investment	investment	NOUN
ajbmeb-2596	115	10	attractiveness	attractiveness	NOUN
ajbmeb-2596	115	11	of	of	ADP
ajbmeb-2596	115	12	these	these	DET
ajbmeb-2596	115	13	financial	financial	ADJ
ajbmeb-2596	115	14	institutions	institution	NOUN
ajbmeb-2596	115	15	are	be	AUX
ajbmeb-2596	115	16	regarded	regard	VERB
ajbmeb-2596	115	17	as	as	ADP
ajbmeb-2596	115	18	strategic	strategic	ADJ
ajbmeb-2596	115	19	priorities	priority	NOUN
ajbmeb-2596	115	20	.	.	PUNCT
ajbmeb-2596	116	1	the	the	DET
ajbmeb-2596	116	2	shares	share	NOUN
ajbmeb-2596	116	3	range	range	VERB
ajbmeb-2596	116	4	from	from	ADP
ajbmeb-2596	116	5	20	20	NUM
ajbmeb-2596	116	6	%	%	NOUN
ajbmeb-2596	116	7	to	to	PART
ajbmeb-2596	116	8	40	40	NUM
ajbmeb-2596	116	9	%	%	NOUN
ajbmeb-2596	116	10	,	,	PUNCT
ajbmeb-2596	116	11	with	with	ADP
ajbmeb-2596	116	12	an	an	DET
ajbmeb-2596	116	13	average	average	ADJ
ajbmeb-2596	116	14	share	share	NOUN
ajbmeb-2596	116	15	of	of	ADP
ajbmeb-2596	116	16	29.7	29.7	NUM
ajbmeb-2596	116	17	%	%	NOUN
ajbmeb-2596	116	18	.	.	PUNCT
ajbmeb-2596	117	1	this	this	DET
ajbmeb-2596	117	2	structure	structure	NOUN
ajbmeb-2596	117	3	indicates	indicate	VERB
ajbmeb-2596	117	4	a	a	DET
ajbmeb-2596	117	5	preparation	preparation	NOUN
ajbmeb-2596	117	6	for	for	ADP
ajbmeb-2596	117	7	future	future	ADJ
ajbmeb-2596	117	8	privatization	privatization	NOUN
ajbmeb-2596	117	9	while	while	SCONJ
ajbmeb-2596	117	10	retaining	retain	VERB
ajbmeb-2596	117	11	state	state	NOUN
ajbmeb-2596	117	12	control	control	NOUN
ajbmeb-2596	117	13	.	.	PUNCT
ajbmeb-2596	118	1	the	the	DET
ajbmeb-2596	118	2	approach	approach	NOUN
ajbmeb-2596	118	3	focuses	focus	VERB
ajbmeb-2596	118	4	on	on	ADP
ajbmeb-2596	118	5	maintaining	maintain	VERB
ajbmeb-2596	118	6	active	active	ADJ
ajbmeb-2596	118	7	governance	governance	NOUN
ajbmeb-2596	118	8	without	without	ADP
ajbmeb-2596	118	9	fully	fully	ADV
ajbmeb-2596	118	10	relinquishing	relinquish	VERB
ajbmeb-2596	118	11	control	control	NOUN
ajbmeb-2596	118	12	.	.	PUNCT
ajbmeb-2596	119	1	the	the	DET
ajbmeb-2596	119	2	state	state	NOUN
ajbmeb-2596	119	3	has	have	AUX
ajbmeb-2596	119	4	retained	retain	VERB
ajbmeb-2596	119	5	majority	majority	NOUN
ajbmeb-2596	119	6	shareholdings	shareholding	NOUN
ajbmeb-2596	119	7	and	and	CCONJ
ajbmeb-2596	119	8	is	be	AUX
ajbmeb-2596	119	9	in	in	ADP
ajbmeb-2596	119	10	a	a	DET
ajbmeb-2596	119	11	strong	strong	ADJ
ajbmeb-2596	119	12	position	position	NOUN
ajbmeb-2596	119	13	for	for	ADP
ajbmeb-2596	119	14	potential	potential	ADJ
ajbmeb-2596	119	15	ipo	ipo	NOUN
ajbmeb-2596	119	16	/	/	SYM
ajbmeb-2596	119	17	spo	spo	PROPN
ajbmeb-2596	119	18	stages	stage	NOUN
ajbmeb-2596	119	19	.	.	PUNCT
ajbmeb-2596	120	1	overall	overall	ADV
ajbmeb-2596	120	2	,	,	PUNCT
ajbmeb-2596	120	3	this	this	DET
ajbmeb-2596	120	4	table	table	NOUN
ajbmeb-2596	120	5	is	be	AUX
ajbmeb-2596	120	6	an	an	DET
ajbmeb-2596	120	7	important	important	ADJ
ajbmeb-2596	120	8	component	component	NOUN
ajbmeb-2596	120	9	of	of	ADP
ajbmeb-2596	120	10	the	the	DET
ajbmeb-2596	120	11	broader	broad	ADJ
ajbmeb-2596	120	12	strategy	strategy	NOUN
ajbmeb-2596	120	13	for	for	ADP
ajbmeb-2596	120	14	transforming	transform	VERB
ajbmeb-2596	120	15	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	120	16	’s	’s	PART
ajbmeb-2596	120	17	largest	large	ADJ
ajbmeb-2596	120	18	and	and	CCONJ
ajbmeb-2596	120	19	most	most	ADV
ajbmeb-2596	120	20	strategic	strategic	ADJ
ajbmeb-2596	120	21	enterprises	enterprise	NOUN
ajbmeb-2596	120	22	through	through	ADP
ajbmeb-2596	120	23	the	the	DET
ajbmeb-2596	120	24	national	national	PROPN
ajbmeb-2596	120	25	investment	investment	NOUN
ajbmeb-2596	120	26	fund	fund	NOUN
ajbmeb-2596	120	27	,	,	PUNCT
ajbmeb-2596	120	28	attracting	attract	VERB
ajbmeb-2596	120	29	investment	investment	NOUN
ajbmeb-2596	120	30	,	,	PUNCT
ajbmeb-2596	120	31	and	and	CCONJ
ajbmeb-2596	120	32	integrating	integrate	VERB
ajbmeb-2596	120	33	them	they	PRON
ajbmeb-2596	120	34	into	into	ADP
ajbmeb-2596	120	35	the	the	DET
ajbmeb-2596	120	36	market	market	NOUN
ajbmeb-2596	120	37	.	.	PUNCT
ajbmeb-2596	121	1	the	the	DET
ajbmeb-2596	121	2	fund	fund	NOUN
ajbmeb-2596	121	3	’s	’s	PART
ajbmeb-2596	121	4	charter	charter	NOUN
ajbmeb-2596	121	5	capital	capital	NOUN
ajbmeb-2596	121	6	is	be	AUX
ajbmeb-2596	121	7	diversified	diversified	ADJ
ajbmeb-2596	121	8	,	,	PUNCT
ajbmeb-2596	121	9	sectorally	sectorally	ADV
ajbmeb-2596	121	10	balanced	balanced	ADJ
ajbmeb-2596	121	11	,	,	PUNCT
ajbmeb-2596	121	12	and	and	CCONJ
ajbmeb-2596	121	13	includes	include	VERB
ajbmeb-2596	121	14	companies	company	NOUN
ajbmeb-2596	121	15	that	that	PRON
ajbmeb-2596	121	16	are	be	AUX
ajbmeb-2596	121	17	attractive	attractive	ADJ
ajbmeb-2596	121	18	to	to	ADP
ajbmeb-2596	121	19	international	international	ADJ
ajbmeb-2596	121	20	investors	investor	NOUN
ajbmeb-2596	121	21	.	.	PUNCT
ajbmeb-2596	122	1	similarly	similarly	ADV
ajbmeb-2596	122	2	to	to	ADP
ajbmeb-2596	122	3	romania	romania	PROPN
ajbmeb-2596	122	4	,	,	PUNCT
ajbmeb-2596	122	5	at	at	ADP
ajbmeb-2596	122	6	the	the	DET
ajbmeb-2596	122	7	beginning	beginning	NOUN
ajbmeb-2596	122	8	of	of	ADP
ajbmeb-2596	122	9	2025	2025	NUM
ajbmeb-2596	122	10	,	,	PUNCT
ajbmeb-2596	122	11	a	a	DET
ajbmeb-2596	122	12	trust	trust	NOUN
ajbmeb-2596	122	13	management	management	NOUN
ajbmeb-2596	122	14	agreement	agreement	NOUN
ajbmeb-2596	122	15	for	for	ADP
ajbmeb-2596	122	16	investment	investment	NOUN
ajbmeb-2596	122	17	assets	asset	NOUN
ajbmeb-2596	122	18	was	be	AUX
ajbmeb-2596	122	19	signed	sign	VERB
ajbmeb-2596	122	20	between	between	ADP
ajbmeb-2596	122	21	the	the	DET
ajbmeb-2596	122	22	national	national	ADJ
ajbmeb-2596	122	23	investment	investment	NOUN
ajbmeb-2596	122	24	fund	fund	NOUN
ajbmeb-2596	122	25	of	of	ADP
ajbmeb-2596	122	26	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	122	27	and	and	CCONJ
ajbmeb-2596	122	28	llc	llc	PROPN
ajbmeb-2596	122	29	franklin	franklin	PROPN
ajbmeb-2596	122	30	templeton	templeton	PROPN
ajbmeb-2596	122	31	asset	asset	PROPN
ajbmeb-2596	122	32	management	management	NOUN
ajbmeb-2596	122	33	.	.	PUNCT
ajbmeb-2596	123	1	franklin	franklin	PROPN
ajbmeb-2596	123	2	templeton	templeton	PROPN
ajbmeb-2596	123	3	was	be	AUX
ajbmeb-2596	123	4	founded	found	VERB
ajbmeb-2596	123	5	in	in	ADP
ajbmeb-2596	123	6	1947	1947	NUM
ajbmeb-2596	123	7	in	in	ADP
ajbmeb-2596	123	8	the	the	DET
ajbmeb-2596	123	9	united	united	PROPN
ajbmeb-2596	123	10	states	states	PROPN
ajbmeb-2596	123	11	and	and	CCONJ
ajbmeb-2596	123	12	currently	currently	ADV
ajbmeb-2596	123	13	operates	operate	VERB
ajbmeb-2596	123	14	in	in	ADP
ajbmeb-2596	123	15	more	more	ADJ
ajbmeb-2596	123	16	than	than	ADP
ajbmeb-2596	123	17	30	30	NUM
ajbmeb-2596	123	18	countries	country	NOUN
ajbmeb-2596	123	19	.	.	PUNCT
ajbmeb-2596	124	1	according	accord	VERB
ajbmeb-2596	124	2	to	to	ADP
ajbmeb-2596	124	3	the	the	DET
ajbmeb-2596	124	4	agreement	agreement	NOUN
ajbmeb-2596	124	5	,	,	PUNCT
ajbmeb-2596	124	6	franklin	franklin	PROPN
ajbmeb-2596	124	7	templeton	templeton	PROPN
ajbmeb-2596	124	8	manages	manage	VERB
ajbmeb-2596	124	9	an	an	DET
ajbmeb-2596	124	10	investment	investment	NOUN
ajbmeb-2596	124	11	portfolio	portfolio	NOUN
ajbmeb-2596	124	12	consisting	consist	VERB
ajbmeb-2596	124	13	of	of	ADP
ajbmeb-2596	124	14	shares	share	NOUN
ajbmeb-2596	124	15	in	in	ADP
ajbmeb-2596	124	16	18	18	NUM
ajbmeb-2596	124	17	state	state	NOUN
ajbmeb-2596	124	18	-	-	PUNCT
ajbmeb-2596	124	19	owned	own	VERB
ajbmeb-2596	124	20	enterprises	enterprise	NOUN
ajbmeb-2596	124	21	and	and	CCONJ
ajbmeb-2596	124	22	commercial	commercial	ADJ
ajbmeb-2596	124	23	banks	bank	NOUN
ajbmeb-2596	124	24	owned	own	VERB
ajbmeb-2596	124	25	by	by	ADP
ajbmeb-2596	124	26	the	the	DET
ajbmeb-2596	124	27	fund	fund	NOUN
ajbmeb-2596	124	28	and	and	CCONJ
ajbmeb-2596	124	29	implements	implement	VERB
ajbmeb-2596	124	30	transformation	transformation	NOUN
ajbmeb-2596	124	31	programs	program	NOUN
ajbmeb-2596	124	32	aimed	aim	VERB
ajbmeb-2596	124	33	at	at	ADP
ajbmeb-2596	124	34	increasing	increase	VERB
ajbmeb-2596	124	35	their	their	PRON
ajbmeb-2596	124	36	investment	investment	NOUN
ajbmeb-2596	124	37	attractiveness	attractiveness	NOUN
ajbmeb-2596	124	38	.	.	PUNCT
ajbmeb-2596	125	1	once	once	SCONJ
ajbmeb-2596	125	2	these	these	DET
ajbmeb-2596	125	3	programs	program	NOUN
ajbmeb-2596	125	4	are	be	AUX
ajbmeb-2596	125	5	completed	complete	VERB
ajbmeb-2596	125	6	,	,	PUNCT
ajbmeb-2596	125	7	the	the	DET
ajbmeb-2596	125	8	shares	share	NOUN
ajbmeb-2596	125	9	of	of	ADP
ajbmeb-2596	125	10	the	the	DET
ajbmeb-2596	125	11	fund	fund	NOUN
ajbmeb-2596	125	12	and	and	CCONJ
ajbmeb-2596	125	13	the	the	DET
ajbmeb-2596	125	14	enterprises	enterprise	NOUN
ajbmeb-2596	125	15	and	and	CCONJ
ajbmeb-2596	125	16	banks	bank	NOUN
ajbmeb-2596	125	17	under	under	ADP
ajbmeb-2596	125	18	its	its	PRON
ajbmeb-2596	125	19	management	management	NOUN
ajbmeb-2596	125	20	will	will	AUX
ajbmeb-2596	125	21	be	be	AUX
ajbmeb-2596	125	22	listed	list	VERB
ajbmeb-2596	125	23	on	on	ADP
ajbmeb-2596	125	24	local	local	ADJ
ajbmeb-2596	125	25	and	and	CCONJ
ajbmeb-2596	125	26	international	international	ADJ
ajbmeb-2596	125	27	stock	stock	NOUN
ajbmeb-2596	125	28	exchanges	exchange	NOUN
ajbmeb-2596	125	29	.	.	PUNCT
ajbmeb-2596	126	1	in	in	ADP
ajbmeb-2596	126	2	our	our	PRON
ajbmeb-2596	126	3	view	view	NOUN
ajbmeb-2596	126	4	,	,	PUNCT
ajbmeb-2596	126	5	a	a	DET
ajbmeb-2596	126	6	separate	separate	ADJ
ajbmeb-2596	126	7	privatization	privatization	NOUN
ajbmeb-2596	126	8	fund	fund	NOUN
ajbmeb-2596	126	9	has	have	AUX
ajbmeb-2596	126	10	been	be	AUX
ajbmeb-2596	126	11	established	establish	VERB
ajbmeb-2596	126	12	in	in	ADP
ajbmeb-2596	126	13	our	our	PRON
ajbmeb-2596	126	14	country	country	NOUN
ajbmeb-2596	126	15	,	,	PUNCT
ajbmeb-2596	126	16	following	follow	VERB
ajbmeb-2596	126	17	romania	romania	PROPN
ajbmeb-2596	126	18	’s	’s	PART
ajbmeb-2596	126	19	example	example	NOUN
ajbmeb-2596	126	20	.	.	PUNCT
ajbmeb-2596	127	1	just	just	ADV
ajbmeb-2596	127	2	as	as	SCONJ
ajbmeb-2596	127	3	fondul	fondul	ADJ
ajbmeb-2596	127	4	proprietatea	proprietatea	NOUN
ajbmeb-2596	127	5	in	in	ADP
ajbmeb-2596	127	6	romania	romania	PROPN
ajbmeb-2596	127	7	was	be	AUX
ajbmeb-2596	127	8	placed	place	VERB
ajbmeb-2596	127	9	under	under	ADP
ajbmeb-2596	127	10	the	the	DET
ajbmeb-2596	127	11	trust	trust	NOUN
ajbmeb-2596	127	12	management	management	NOUN
ajbmeb-2596	127	13	of	of	ADP
ajbmeb-2596	127	14	franklin	franklin	PROPN
ajbmeb-2596	127	15	templeton	templeton	PROPN
ajbmeb-2596	127	16	,	,	PUNCT
ajbmeb-2596	127	17	the	the	DET
ajbmeb-2596	127	18	joint	joint	ADJ
ajbmeb-2596	127	19	-	-	PUNCT
ajbmeb-2596	127	20	stock	stock	NOUN
ajbmeb-2596	127	21	company	company	NOUN
ajbmeb-2596	127	22	“	"	PUNCT
ajbmeb-2596	127	23	national	national	ADJ
ajbmeb-2596	127	24	investment	investment	NOUN
ajbmeb-2596	127	25	fund	fund	NOUN
ajbmeb-2596	127	26	of	of	ADP
ajbmeb-2596	127	27	the	the	DET
ajbmeb-2596	127	28	republic	republic	NOUN
ajbmeb-2596	127	29	of	of	ADP
ajbmeb-2596	127	30	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	127	31	”	"	PUNCT
ajbmeb-2596	127	32	has	have	AUX
ajbmeb-2596	127	33	also	also	ADV
ajbmeb-2596	127	34	been	be	AUX
ajbmeb-2596	127	35	entrusted	entrust	VERB
ajbmeb-2596	127	36	to	to	ADP
ajbmeb-2596	127	37	franklin	franklin	PROPN
ajbmeb-2596	127	38	templeton	templeton	PROPN
ajbmeb-2596	127	39	.	.	PUNCT
ajbmeb-2596	128	1	in	in	ADP
ajbmeb-2596	128	2	other	other	ADJ
ajbmeb-2596	128	3	words	word	NOUN
ajbmeb-2596	128	4	,	,	PUNCT
ajbmeb-2596	128	5	a	a	DET
ajbmeb-2596	128	6	scenario	scenario	NOUN
ajbmeb-2596	128	7	similar	similar	ADJ
ajbmeb-2596	128	8	to	to	ADP
ajbmeb-2596	128	9	that	that	PRON
ajbmeb-2596	128	10	of	of	ADP
ajbmeb-2596	128	11	romania	romania	PROPN
ajbmeb-2596	128	12	is	be	AUX
ajbmeb-2596	128	13	being	be	AUX
ajbmeb-2596	128	14	implemented	implement	VERB
ajbmeb-2596	128	15	in	in	ADP
ajbmeb-2596	128	16	our	our	PRON
ajbmeb-2596	128	17	country	country	NOUN
ajbmeb-2596	128	18	.	.	PUNCT
ajbmeb-2596	129	1	the	the	DET
ajbmeb-2596	129	2	main	main	ADJ
ajbmeb-2596	129	3	reason	reason	NOUN
ajbmeb-2596	129	4	for	for	ADP
ajbmeb-2596	129	5	applying	apply	VERB
ajbmeb-2596	129	6	the	the	DET
ajbmeb-2596	129	7	romanian	romanian	ADJ
ajbmeb-2596	129	8	privatization	privatization	NOUN
ajbmeb-2596	129	9	model	model	NOUN
ajbmeb-2596	129	10	is	be	AUX
ajbmeb-2596	129	11	the	the	DET
ajbmeb-2596	129	12	successful	successful	ADJ
ajbmeb-2596	129	13	experience	experience	NOUN
ajbmeb-2596	129	14	of	of	ADP
ajbmeb-2596	129	15	its	its	PRON
ajbmeb-2596	129	16	implementation	implementation	NOUN
ajbmeb-2596	129	17	in	in	ADP
ajbmeb-2596	129	18	romania	romania	PROPN
ajbmeb-2596	129	19	.	.	PUNCT
ajbmeb-2596	130	1	american	american	PROPN
ajbmeb-2596	130	2	journal	journal	PROPN
ajbmeb-2596	130	3	of	of	ADP
ajbmeb-2596	130	4	business	business	NOUN
ajbmeb-2596	130	5	management	management	NOUN
ajbmeb-2596	130	6	,	,	PUNCT
ajbmeb-2596	130	7	economics	economic	NOUN
ajbmeb-2596	130	8	and	and	CCONJ
ajbmeb-2596	130	9	banking	banking	NOUN
ajbmeb-2596	130	10	volume	volume	NOUN
ajbmeb-2596	130	11	37	37	NUM
ajbmeb-2596	130	12	june2025	june2025	PROPN
ajbmeb-2596	130	13	p	p	NOUN
ajbmeb-2596	131	1	a	a	DET
ajbmeb-2596	131	2	g	g	NOUN
ajbmeb-2596	131	3	e	e	NOUN
ajbmeb-2596	131	4	|	|	NOUN
ajbmeb-2596	131	5	127	127	NUM
ajbmeb-2596	131	6	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-2596	131	7	conclusions	conclusion	NOUN
ajbmeb-2596	131	8	and	and	CCONJ
ajbmeb-2596	131	9	recommendations	recommendation	NOUN
ajbmeb-2596	131	10	the	the	DET
ajbmeb-2596	131	11	experience	experience	NOUN
ajbmeb-2596	131	12	of	of	ADP
ajbmeb-2596	131	13	romania	romania	PROPN
ajbmeb-2596	131	14	demonstrates	demonstrate	VERB
ajbmeb-2596	131	15	that	that	SCONJ
ajbmeb-2596	131	16	an	an	DET
ajbmeb-2596	131	17	innovative	innovative	ADJ
ajbmeb-2596	131	18	model	model	NOUN
ajbmeb-2596	131	19	of	of	ADP
ajbmeb-2596	131	20	state	state	NOUN
ajbmeb-2596	131	21	asset	asset	NOUN
ajbmeb-2596	131	22	privatization	privatization	NOUN
ajbmeb-2596	131	23	through	through	ADP
ajbmeb-2596	131	24	a	a	DET
ajbmeb-2596	131	25	dedicated	dedicated	ADJ
ajbmeb-2596	131	26	investment	investment	NOUN
ajbmeb-2596	131	27	fund	fund	NOUN
ajbmeb-2596	131	28	—	—	PUNCT
ajbmeb-2596	131	29	fondul	fondul	PROPN
ajbmeb-2596	131	30	proprietatea	proprietatea	NOUN
ajbmeb-2596	131	31	—	—	PUNCT
ajbmeb-2596	131	32	has	have	AUX
ajbmeb-2596	131	33	yielded	yield	VERB
ajbmeb-2596	131	34	strong	strong	ADJ
ajbmeb-2596	131	35	results	result	NOUN
ajbmeb-2596	131	36	.	.	PUNCT
ajbmeb-2596	132	1	this	this	DET
ajbmeb-2596	132	2	model	model	NOUN
ajbmeb-2596	132	3	contributed	contribute	VERB
ajbmeb-2596	132	4	to	to	ADP
ajbmeb-2596	132	5	strengthening	strengthen	VERB
ajbmeb-2596	132	6	corporate	corporate	ADJ
ajbmeb-2596	132	7	governance	governance	NOUN
ajbmeb-2596	132	8	in	in	ADP
ajbmeb-2596	132	9	enterprises	enterprise	NOUN
ajbmeb-2596	132	10	while	while	SCONJ
ajbmeb-2596	132	11	maintaining	maintain	VERB
ajbmeb-2596	132	12	state	state	NOUN
ajbmeb-2596	132	13	control	control	NOUN
ajbmeb-2596	132	14	,	,	PUNCT
ajbmeb-2596	132	15	increasing	increase	VERB
ajbmeb-2596	132	16	transparency	transparency	NOUN
ajbmeb-2596	132	17	,	,	PUNCT
ajbmeb-2596	132	18	attracting	attract	VERB
ajbmeb-2596	132	19	major	major	ADJ
ajbmeb-2596	132	20	international	international	ADJ
ajbmeb-2596	132	21	investors	investor	NOUN
ajbmeb-2596	132	22	,	,	PUNCT
ajbmeb-2596	132	23	and	and	CCONJ
ajbmeb-2596	132	24	developing	develop	VERB
ajbmeb-2596	132	25	the	the	DET
ajbmeb-2596	132	26	capital	capital	NOUN
ajbmeb-2596	132	27	market	market	NOUN
ajbmeb-2596	132	28	.	.	PUNCT
ajbmeb-2596	133	1	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	133	2	is	be	AUX
ajbmeb-2596	133	3	also	also	ADV
ajbmeb-2596	133	4	adopting	adopt	VERB
ajbmeb-2596	133	5	this	this	DET
ajbmeb-2596	133	6	approach	approach	NOUN
ajbmeb-2596	133	7	.	.	PUNCT
ajbmeb-2596	134	1	the	the	DET
ajbmeb-2596	134	2	establishment	establishment	NOUN
ajbmeb-2596	134	3	of	of	ADP
ajbmeb-2596	134	4	the	the	DET
ajbmeb-2596	134	5	joint	joint	ADJ
ajbmeb-2596	134	6	-	-	PUNCT
ajbmeb-2596	134	7	stock	stock	NOUN
ajbmeb-2596	134	8	company	company	NOUN
ajbmeb-2596	134	9	“	"	PUNCT
ajbmeb-2596	134	10	national	national	ADJ
ajbmeb-2596	134	11	investment	investment	NOUN
ajbmeb-2596	134	12	fund	fund	NOUN
ajbmeb-2596	134	13	of	of	ADP
ajbmeb-2596	134	14	the	the	DET
ajbmeb-2596	134	15	republic	republic	NOUN
ajbmeb-2596	134	16	of	of	ADP
ajbmeb-2596	134	17	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	134	18	”	"	PUNCT
ajbmeb-2596	134	19	in	in	ADP
ajbmeb-2596	134	20	2024	2024	NUM
ajbmeb-2596	134	21	represents	represent	VERB
ajbmeb-2596	134	22	a	a	DET
ajbmeb-2596	134	23	strategic	strategic	ADJ
ajbmeb-2596	134	24	step	step	NOUN
ajbmeb-2596	134	25	in	in	ADP
ajbmeb-2596	134	26	this	this	DET
ajbmeb-2596	134	27	direction	direction	NOUN
ajbmeb-2596	134	28	,	,	PUNCT
ajbmeb-2596	134	29	and	and	CCONJ
ajbmeb-2596	134	30	the	the	DET
ajbmeb-2596	134	31	delegation	delegation	NOUN
ajbmeb-2596	134	32	of	of	ADP
ajbmeb-2596	134	33	trust	trust	NOUN
ajbmeb-2596	134	34	management	management	NOUN
ajbmeb-2596	134	35	to	to	ADP
ajbmeb-2596	134	36	franklin	franklin	PROPN
ajbmeb-2596	134	37	templeton	templeton	PROPN
ajbmeb-2596	134	38	marks	mark	VERB
ajbmeb-2596	134	39	a	a	DET
ajbmeb-2596	134	40	qualitatively	qualitatively	ADV
ajbmeb-2596	134	41	new	new	ADJ
ajbmeb-2596	134	42	phase	phase	NOUN
ajbmeb-2596	134	43	of	of	ADP
ajbmeb-2596	134	44	privatization	privatization	NOUN
ajbmeb-2596	134	45	in	in	ADP
ajbmeb-2596	134	46	the	the	DET
ajbmeb-2596	134	47	country	country	NOUN
ajbmeb-2596	134	48	.	.	PUNCT
ajbmeb-2596	135	1	this	this	DET
ajbmeb-2596	135	2	approach	approach	NOUN
ajbmeb-2596	135	3	,	,	PUNCT
ajbmeb-2596	135	4	modeled	model	VERB
ajbmeb-2596	135	5	on	on	ADP
ajbmeb-2596	135	6	the	the	DET
ajbmeb-2596	135	7	romanian	romanian	ADJ
ajbmeb-2596	135	8	experience	experience	NOUN
ajbmeb-2596	135	9	,	,	PUNCT
ajbmeb-2596	135	10	serves	serve	VERB
ajbmeb-2596	135	11	as	as	ADP
ajbmeb-2596	135	12	a	a	DET
ajbmeb-2596	135	13	key	key	ADJ
ajbmeb-2596	135	14	foundation	foundation	NOUN
ajbmeb-2596	135	15	for	for	ADP
ajbmeb-2596	135	16	the	the	DET
ajbmeb-2596	135	17	gradual	gradual	ADJ
ajbmeb-2596	135	18	transition	transition	NOUN
ajbmeb-2596	135	19	of	of	ADP
ajbmeb-2596	135	20	large	large	ADJ
ajbmeb-2596	135	21	state	state	NOUN
ajbmeb-2596	135	22	-	-	PUNCT
ajbmeb-2596	135	23	owned	own	VERB
ajbmeb-2596	135	24	enterprises	enterprise	NOUN
ajbmeb-2596	135	25	to	to	PART
ajbmeb-2596	135	26	open	open	VERB
ajbmeb-2596	135	27	markets	market	NOUN
ajbmeb-2596	135	28	,	,	PUNCT
ajbmeb-2596	135	29	their	their	PRON
ajbmeb-2596	135	30	transformation	transformation	NOUN
ajbmeb-2596	135	31	,	,	PUNCT
ajbmeb-2596	135	32	and	and	CCONJ
ajbmeb-2596	135	33	enhancement	enhancement	NOUN
ajbmeb-2596	135	34	of	of	ADP
ajbmeb-2596	135	35	investment	investment	NOUN
ajbmeb-2596	135	36	appeal	appeal	NOUN
ajbmeb-2596	135	37	in	in	ADP
ajbmeb-2596	135	38	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	135	39	.	.	PUNCT
ajbmeb-2596	136	1	based	base	VERB
ajbmeb-2596	136	2	on	on	ADP
ajbmeb-2596	136	3	the	the	DET
ajbmeb-2596	136	4	findings	finding	NOUN
ajbmeb-2596	136	5	of	of	ADP
ajbmeb-2596	136	6	this	this	DET
ajbmeb-2596	136	7	study	study	NOUN
ajbmeb-2596	136	8	,	,	PUNCT
ajbmeb-2596	136	9	the	the	DET
ajbmeb-2596	136	10	following	follow	VERB
ajbmeb-2596	136	11	scientific	scientific	ADJ
ajbmeb-2596	136	12	and	and	CCONJ
ajbmeb-2596	136	13	practical	practical	ADJ
ajbmeb-2596	136	14	recommendations	recommendation	NOUN
ajbmeb-2596	136	15	have	have	AUX
ajbmeb-2596	136	16	been	be	AUX
ajbmeb-2596	136	17	developed	develop	VERB
ajbmeb-2596	136	18	:	:	PUNCT
ajbmeb-2596	136	19	1	1	X
ajbmeb-2596	136	20	.	.	X
ajbmeb-2596	136	21	implement	implement	VERB
ajbmeb-2596	136	22	a	a	DET
ajbmeb-2596	136	23	pre	pre	ADJ
ajbmeb-2596	136	24	-	-	ADJ
ajbmeb-2596	136	25	transformation	transformation	ADJ
ajbmeb-2596	136	26	assessment	assessment	NOUN
ajbmeb-2596	136	27	system	system	NOUN
ajbmeb-2596	136	28	for	for	ADP
ajbmeb-2596	136	29	state	state	NOUN
ajbmeb-2596	136	30	-	-	PUNCT
ajbmeb-2596	136	31	owned	own	VERB
ajbmeb-2596	136	32	enterprises	enterprise	NOUN
ajbmeb-2596	136	33	.	.	PUNCT
ajbmeb-2596	137	1	a	a	DET
ajbmeb-2596	137	2	standardized	standardized	ADJ
ajbmeb-2596	137	3	kpi	kpi	NOUN
ajbmeb-2596	137	4	system	system	NOUN
ajbmeb-2596	137	5	must	must	AUX
ajbmeb-2596	137	6	be	be	AUX
ajbmeb-2596	137	7	developed	develop	VERB
ajbmeb-2596	137	8	to	to	PART
ajbmeb-2596	137	9	evaluate	evaluate	VERB
ajbmeb-2596	137	10	efficiency	efficiency	NOUN
ajbmeb-2596	137	11	levels	level	NOUN
ajbmeb-2596	137	12	,	,	PUNCT
ajbmeb-2596	137	13	financial	financial	ADJ
ajbmeb-2596	137	14	health	health	NOUN
ajbmeb-2596	137	15	,	,	PUNCT
ajbmeb-2596	137	16	governance	governance	NOUN
ajbmeb-2596	137	17	quality	quality	NOUN
ajbmeb-2596	137	18	,	,	PUNCT
ajbmeb-2596	137	19	and	and	CCONJ
ajbmeb-2596	137	20	market	market	NOUN
ajbmeb-2596	137	21	readiness	readiness	NOUN
ajbmeb-2596	137	22	of	of	ADP
ajbmeb-2596	137	23	soes	soe	NOUN
ajbmeb-2596	137	24	subject	subject	ADJ
ajbmeb-2596	137	25	to	to	ADP
ajbmeb-2596	137	26	privatization	privatization	NOUN
ajbmeb-2596	137	27	.	.	PUNCT
ajbmeb-2596	138	1	based	base	VERB
ajbmeb-2596	138	2	on	on	ADP
ajbmeb-2596	138	3	this	this	DET
ajbmeb-2596	138	4	index	index	NOUN
ajbmeb-2596	138	5	,	,	PUNCT
ajbmeb-2596	138	6	enterprises	enterprise	NOUN
ajbmeb-2596	138	7	ready	ready	ADJ
ajbmeb-2596	138	8	for	for	ADP
ajbmeb-2596	138	9	ipo	ipo	PROPN
ajbmeb-2596	138	10	/	/	SYM
ajbmeb-2596	138	11	spo	spo	PROPN
ajbmeb-2596	138	12	are	be	AUX
ajbmeb-2596	138	13	selected	select	VERB
ajbmeb-2596	138	14	and	and	CCONJ
ajbmeb-2596	138	15	prioritized	prioritize	VERB
ajbmeb-2596	138	16	.	.	PUNCT
ajbmeb-2596	139	1	2	2	X
ajbmeb-2596	139	2	.	.	X
ajbmeb-2596	139	3	gradually	gradually	ADV
ajbmeb-2596	139	4	accelerate	accelerate	VERB
ajbmeb-2596	139	5	the	the	DET
ajbmeb-2596	139	6	listing	listing	NOUN
ajbmeb-2596	139	7	of	of	ADP
ajbmeb-2596	139	8	portfolio	portfolio	NOUN
ajbmeb-2596	139	9	companies	company	NOUN
ajbmeb-2596	139	10	on	on	ADP
ajbmeb-2596	139	11	domestic	domestic	ADJ
ajbmeb-2596	139	12	and	and	CCONJ
ajbmeb-2596	139	13	international	international	ADJ
ajbmeb-2596	139	14	exchanges	exchange	NOUN
ajbmeb-2596	139	15	.	.	PUNCT
ajbmeb-2596	140	1	as	as	ADP
ajbmeb-2596	140	2	in	in	ADP
ajbmeb-2596	140	3	romania	romania	PROPN
ajbmeb-2596	140	4	,	,	PUNCT
ajbmeb-2596	140	5	listing	list	VERB
ajbmeb-2596	140	6	should	should	AUX
ajbmeb-2596	140	7	begin	begin	VERB
ajbmeb-2596	140	8	on	on	ADP
ajbmeb-2596	140	9	the	the	DET
ajbmeb-2596	140	10	local	local	ADJ
ajbmeb-2596	140	11	stock	stock	NOUN
ajbmeb-2596	140	12	exchange	exchange	NOUN
ajbmeb-2596	140	13	,	,	PUNCT
ajbmeb-2596	140	14	followed	follow	VERB
ajbmeb-2596	140	15	by	by	ADP
ajbmeb-2596	140	16	the	the	DET
ajbmeb-2596	140	17	issuance	issuance	NOUN
ajbmeb-2596	140	18	of	of	ADP
ajbmeb-2596	140	19	gdrs	gdr	NOUN
ajbmeb-2596	140	20	or	or	CCONJ
ajbmeb-2596	140	21	adrs	adr	NOUN
ajbmeb-2596	140	22	on	on	ADP
ajbmeb-2596	140	23	international	international	ADJ
ajbmeb-2596	140	24	exchanges	exchange	NOUN
ajbmeb-2596	140	25	under	under	ADP
ajbmeb-2596	140	26	a	a	DET
ajbmeb-2596	140	27	carefully	carefully	ADV
ajbmeb-2596	140	28	crafted	craft	VERB
ajbmeb-2596	140	29	plan	plan	NOUN
ajbmeb-2596	140	30	.	.	PUNCT
ajbmeb-2596	141	1	throughout	throughout	ADP
ajbmeb-2596	141	2	this	this	DET
ajbmeb-2596	141	3	process	process	NOUN
ajbmeb-2596	141	4	,	,	PUNCT
ajbmeb-2596	141	5	transparency	transparency	NOUN
ajbmeb-2596	141	6	,	,	PUNCT
ajbmeb-2596	141	7	investor	investor	NOUN
ajbmeb-2596	141	8	trust	trust	NOUN
ajbmeb-2596	141	9	,	,	PUNCT
ajbmeb-2596	141	10	and	and	CCONJ
ajbmeb-2596	141	11	liquidity	liquidity	NOUN
ajbmeb-2596	141	12	must	must	AUX
ajbmeb-2596	141	13	be	be	AUX
ajbmeb-2596	141	14	prioritized	prioritize	VERB
ajbmeb-2596	141	15	.	.	PUNCT
ajbmeb-2596	142	1	3	3	X
ajbmeb-2596	142	2	.	.	X
ajbmeb-2596	142	3	expand	expand	VERB
ajbmeb-2596	142	4	mechanisms	mechanism	NOUN
ajbmeb-2596	142	5	of	of	ADP
ajbmeb-2596	142	6	trust	trust	NOUN
ajbmeb-2596	142	7	management	management	NOUN
ajbmeb-2596	142	8	through	through	ADP
ajbmeb-2596	142	9	international	international	ADJ
ajbmeb-2596	142	10	independent	independent	ADJ
ajbmeb-2596	142	11	assetmanagers	assetmanager	NOUN
ajbmeb-2596	142	12	.	.	PUNCT
ajbmeb-2596	143	1	building	build	VERB
ajbmeb-2596	143	2	on	on	ADP
ajbmeb-2596	143	3	the	the	DET
ajbmeb-2596	143	4	franklin	franklin	PROPN
ajbmeb-2596	143	5	templeton	templeton	PROPN
ajbmeb-2596	143	6	experience	experience	NOUN
ajbmeb-2596	143	7	,	,	PUNCT
ajbmeb-2596	143	8	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	143	9	could	could	AUX
ajbmeb-2596	143	10	also	also	ADV
ajbmeb-2596	143	11	establish	establish	VERB
ajbmeb-2596	143	12	partnerships	partnership	NOUN
ajbmeb-2596	143	13	with	with	ADP
ajbmeb-2596	143	14	other	other	ADJ
ajbmeb-2596	143	15	major	major	ADJ
ajbmeb-2596	143	16	investment	investment	NOUN
ajbmeb-2596	143	17	firms	firm	NOUN
ajbmeb-2596	143	18	(	(	PUNCT
ajbmeb-2596	143	19	e.g.	e.g.	ADV
ajbmeb-2596	143	20	,	,	PUNCT
ajbmeb-2596	143	21	blackrock	blackrock	NOUN
ajbmeb-2596	143	22	,	,	PUNCT
ajbmeb-2596	143	23	vanguard	vanguard	PROPN
ajbmeb-2596	143	24	,	,	PUNCT
ajbmeb-2596	143	25	ashmore	ashmore	PROPN
ajbmeb-2596	143	26	group	group	PROPN
ajbmeb-2596	143	27	)	)	PUNCT
ajbmeb-2596	143	28	.	.	PUNCT
ajbmeb-2596	144	1	such	such	ADJ
ajbmeb-2596	144	2	management	management	NOUN
ajbmeb-2596	144	3	ensures	ensure	VERB
ajbmeb-2596	144	4	high	high	ADJ
ajbmeb-2596	144	5	transparency	transparency	NOUN
ajbmeb-2596	144	6	,	,	PUNCT
ajbmeb-2596	144	7	anti	anti	ADJ
ajbmeb-2596	144	8	-	-	ADJ
ajbmeb-2596	144	9	corruption	corruption	ADJ
ajbmeb-2596	144	10	oversight	oversight	NOUN
ajbmeb-2596	144	11	,	,	PUNCT
ajbmeb-2596	144	12	and	and	CCONJ
ajbmeb-2596	144	13	knowledge	knowledge	NOUN
ajbmeb-2596	144	14	exchange	exchange	NOUN
ajbmeb-2596	144	15	.	.	PUNCT
ajbmeb-2596	145	1	4	4	X
ajbmeb-2596	145	2	.	.	X
ajbmeb-2596	145	3	enhance	enhance	VERB
ajbmeb-2596	145	4	the	the	DET
ajbmeb-2596	145	5	capacity	capacity	NOUN
ajbmeb-2596	145	6	of	of	ADP
ajbmeb-2596	145	7	local	local	ADJ
ajbmeb-2596	145	8	professionals	professional	NOUN
ajbmeb-2596	145	9	and	and	CCONJ
ajbmeb-2596	145	10	promote	promote	VERB
ajbmeb-2596	145	11	knowledge	knowledge	NOUN
ajbmeb-2596	145	12	transfer	transfer	NOUN
ajbmeb-2596	145	13	.	.	PUNCT
ajbmeb-2596	146	1	mentorship	mentorship	NOUN
ajbmeb-2596	146	2	and	and	CCONJ
ajbmeb-2596	146	3	transfer	transfer	NOUN
ajbmeb-2596	146	4	programs	program	NOUN
ajbmeb-2596	146	5	should	should	AUX
ajbmeb-2596	146	6	be	be	AUX
ajbmeb-2596	146	7	organized	organize	VERB
ajbmeb-2596	146	8	for	for	ADP
ajbmeb-2596	146	9	local	local	ADJ
ajbmeb-2596	146	10	staff	staff	NOUN
ajbmeb-2596	146	11	working	work	VERB
ajbmeb-2596	146	12	alongside	alongside	ADP
ajbmeb-2596	146	13	international	international	ADJ
ajbmeb-2596	146	14	experts	expert	NOUN
ajbmeb-2596	146	15	within	within	ADP
ajbmeb-2596	146	16	privatized	privatized	ADJ
ajbmeb-2596	146	17	portfolio	portfolio	NOUN
ajbmeb-2596	146	18	companies	company	NOUN
ajbmeb-2596	146	19	.	.	PUNCT
ajbmeb-2596	147	1	this	this	PRON
ajbmeb-2596	147	2	will	will	AUX
ajbmeb-2596	147	3	help	help	VERB
ajbmeb-2596	147	4	improve	improve	VERB
ajbmeb-2596	147	5	the	the	DET
ajbmeb-2596	147	6	quality	quality	NOUN
ajbmeb-2596	147	7	of	of	ADP
ajbmeb-2596	147	8	local	local	ADJ
ajbmeb-2596	147	9	management	management	NOUN
ajbmeb-2596	147	10	and	and	CCONJ
ajbmeb-2596	147	11	institutional	institutional	ADJ
ajbmeb-2596	147	12	resilience	resilience	NOUN
ajbmeb-2596	147	13	.	.	PUNCT
ajbmeb-2596	148	1	5	5	X
ajbmeb-2596	148	2	.	.	X
ajbmeb-2596	148	3	implement	implement	VERB
ajbmeb-2596	148	4	a	a	DET
ajbmeb-2596	148	5	gradual	gradual	ADJ
ajbmeb-2596	148	6	strategy	strategy	NOUN
ajbmeb-2596	148	7	to	to	PART
ajbmeb-2596	148	8	reduce	reduce	VERB
ajbmeb-2596	148	9	state	state	NOUN
ajbmeb-2596	148	10	ownership	ownership	NOUN
ajbmeb-2596	148	11	.	.	PUNCT
ajbmeb-2596	149	1	initially	initially	ADV
ajbmeb-2596	149	2	,	,	PUNCT
ajbmeb-2596	149	3	minority	minority	NOUN
ajbmeb-2596	149	4	stakes	stake	NOUN
ajbmeb-2596	149	5	(	(	PUNCT
ajbmeb-2596	149	6	10–25	10–25	NUM
ajbmeb-2596	149	7	%	%	NOUN
ajbmeb-2596	149	8	)	)	PUNCT
ajbmeb-2596	149	9	can	can	AUX
ajbmeb-2596	149	10	be	be	AUX
ajbmeb-2596	149	11	offered	offer	VERB
ajbmeb-2596	149	12	through	through	ADP
ajbmeb-2596	149	13	ipos	ipos	NOUN
ajbmeb-2596	149	14	.	.	PUNCT
ajbmeb-2596	150	1	depending	depend	VERB
ajbmeb-2596	150	2	on	on	ADP
ajbmeb-2596	150	3	management	management	NOUN
ajbmeb-2596	150	4	quality	quality	NOUN
ajbmeb-2596	150	5	and	and	CCONJ
ajbmeb-2596	150	6	profitability	profitability	NOUN
ajbmeb-2596	150	7	,	,	PUNCT
ajbmeb-2596	150	8	additional	additional	ADJ
ajbmeb-2596	150	9	shares	share	NOUN
ajbmeb-2596	150	10	may	may	AUX
ajbmeb-2596	150	11	be	be	AUX
ajbmeb-2596	150	12	sold	sell	VERB
ajbmeb-2596	150	13	via	via	ADP
ajbmeb-2596	150	14	spos	spos	NOUN
ajbmeb-2596	150	15	.	.	PUNCT
ajbmeb-2596	151	1	this	this	DET
ajbmeb-2596	151	2	approach	approach	NOUN
ajbmeb-2596	151	3	allows	allow	VERB
ajbmeb-2596	151	4	the	the	DET
ajbmeb-2596	151	5	state	state	NOUN
ajbmeb-2596	151	6	to	to	PART
ajbmeb-2596	151	7	maximize	maximize	VERB
ajbmeb-2596	151	8	revenues	revenue	NOUN
ajbmeb-2596	151	9	while	while	SCONJ
ajbmeb-2596	151	10	progressively	progressively	ADV
ajbmeb-2596	151	11	increasing	increase	VERB
ajbmeb-2596	151	12	corporate	corporate	ADJ
ajbmeb-2596	151	13	independence	independence	NOUN
ajbmeb-2596	151	14	.	.	PUNCT
ajbmeb-2596	152	1	references	reference	NOUN
ajbmeb-2596	152	2	:	:	PUNCT
ajbmeb-2596	152	3	1	1	X
ajbmeb-2596	152	4	.	.	X
ajbmeb-2596	152	5	klaus	klaus	PROPN
ajbmeb-2596	152	6	e.	e.	PROPN
ajbmeb-2596	152	7	meyer	meyer	PROPN
ajbmeb-2596	152	8	.	.	PUNCT
ajbmeb-2596	153	1	privatisation	privatisation	NOUN
ajbmeb-2596	153	2	and	and	CCONJ
ajbmeb-2596	153	3	corporate	corporate	ADJ
ajbmeb-2596	153	4	governance	governance	NOUN
ajbmeb-2596	153	5	in	in	ADP
ajbmeb-2596	153	6	eastern	eastern	PROPN
ajbmeb-2596	153	7	europe	europe	PROPN
ajbmeb-2596	153	8	:	:	PUNCT
ajbmeb-2596	153	9	the	the	DET
ajbmeb-2596	153	10	emergence	emergence	NOUN
ajbmeb-2596	153	11	of	of	ADP
ajbmeb-2596	153	12	stakeholder	stakeholder	NOUN
ajbmeb-2596	153	13	capitalism	capitalism	NOUN
ajbmeb-2596	153	14	.	.	PUNCT
ajbmeb-2596	154	1	//	//	PUNCT
ajbmeb-2596	154	2	copenhagen	copenhagen	PROPN
ajbmeb-2596	154	3	business	business	PROPN
ajbmeb-2596	154	4	school	school	PROPN
ajbmeb-2596	154	5	,	,	PUNCT
ajbmeb-2596	154	6	2003	2003	NUM
ajbmeb-2596	154	7	,	,	PUNCT
ajbmeb-2596	154	8	pp	pp	ADP
ajbmeb-2596	154	9	.	.	PUNCT
ajbmeb-2596	155	1	2–3	2–3	X
ajbmeb-2596	155	2	.	.	PUNCT
ajbmeb-2596	156	1	https://researchapi.cbs.dk/ws/portalfiles/portal/59009289/7088.pdf	https://researchapi.cbs.dk/ws/portalfiles/portal/59009289/7088.pdf	NOUN
ajbmeb-2596	156	2	2	2	X
ajbmeb-2596	156	3	.	.	X
ajbmeb-2596	156	4	anders	anders	PROPN
ajbmeb-2596	156	5	aslund	aslund	PROPN
ajbmeb-2596	156	6	.	.	PUNCT
ajbmeb-2596	157	1	how	how	SCONJ
ajbmeb-2596	157	2	capitalism	capitalism	NOUN
ajbmeb-2596	157	3	was	be	AUX
ajbmeb-2596	157	4	built	build	VERB
ajbmeb-2596	157	5	:	:	PUNCT
ajbmeb-2596	157	6	the	the	DET
ajbmeb-2596	157	7	transformation	transformation	NOUN
ajbmeb-2596	157	8	of	of	ADP
ajbmeb-2596	157	9	central	central	ADJ
ajbmeb-2596	157	10	and	and	CCONJ
ajbmeb-2596	157	11	eastern	eastern	ADJ
ajbmeb-2596	157	12	europe	europe	PROPN
ajbmeb-2596	157	13	.	.	PUNCT
ajbmeb-2596	158	1	//	//	PROPN
ajbmeb-2596	158	2	cambridge	cambridge	PROPN
ajbmeb-2596	158	3	university	university	PROPN
ajbmeb-2596	158	4	press	press	NOUN
ajbmeb-2596	158	5	,	,	PUNCT
ajbmeb-2596	158	6	december	december	PROPN
ajbmeb-2596	158	7	2012	2012	NUM
ajbmeb-2596	158	8	,	,	PUNCT
ajbmeb-2596	158	9	p.	p.	NOUN
ajbmeb-2596	158	10	174	174	NUM
ajbmeb-2596	158	11	.	.	PUNCT
ajbmeb-2596	159	1	https://www.cambridge.org/core/books/how-capitalism-wasbuilt/6de0658e9f2211e8b5a9cf380459d5fb	https://www.cambridge.org/core/books/how-capitalism-wasbuilt/6de0658e9f2211e8b5a9cf380459d5fb	PROPN
ajbmeb-2596	159	2	https://research-api.cbs.dk/ws/portalfiles/portal/59009289/7088.pdf	https://research-api.cbs.dk/ws/portalfiles/portal/59009289/7088.pdf	PROPN
ajbmeb-2596	159	3	https://research-api.cbs.dk/ws/portalfiles/portal/59009289/7088.pdf	https://research-api.cbs.dk/ws/portalfiles/portal/59009289/7088.pdf	PROPN
ajbmeb-2596	159	4	https://www.cambridge.org/core/books/how-capitalism-was-built/6de0658e9f2211e8b5a9cf380459d5fb	https://www.cambridge.org/core/books/how-capitalism-was-built/6de0658e9f2211e8b5a9cf380459d5fb	PROPN
ajbmeb-2596	159	5	https://www.cambridge.org/core/books/how-capitalism-was-built/6de0658e9f2211e8b5a9cf380459d5fb	https://www.cambridge.org/core/books/how-capitalism-was-built/6de0658e9f2211e8b5a9cf380459d5fb	PROPN
ajbmeb-2596	159	6	american	american	PROPN
ajbmeb-2596	159	7	journal	journal	PROPN
ajbmeb-2596	159	8	of	of	ADP
ajbmeb-2596	159	9	business	business	NOUN
ajbmeb-2596	159	10	management	management	NOUN
ajbmeb-2596	159	11	,	,	PUNCT
ajbmeb-2596	159	12	economics	economic	NOUN
ajbmeb-2596	159	13	and	and	CCONJ
ajbmeb-2596	159	14	banking	banking	NOUN
ajbmeb-2596	159	15	volume	volume	NOUN
ajbmeb-2596	159	16	37	37	NUM
ajbmeb-2596	159	17	june2025	june2025	PROPN
ajbmeb-2596	159	18	p	p	NOUN
ajbmeb-2596	159	19	a	a	DET
ajbmeb-2596	159	20	g	g	NOUN
ajbmeb-2596	159	21	e	e	NOUN
ajbmeb-2596	159	22	|	|	ADV
ajbmeb-2596	159	23	128	128	NUM
ajbmeb-2596	159	24	www.americanjournal.org	www.americanjournal.org	NOUN
ajbmeb-2596	159	25	3	3	NUM
ajbmeb-2596	159	26	.	.	PUNCT
ajbmeb-2596	160	1	marcelin	marcelin	ADJ
ajbmeb-2596	160	2	,	,	PUNCT
ajbmeb-2596	160	3	i.	i.	PROPN
ajbmeb-2596	160	4	,	,	PUNCT
ajbmeb-2596	160	5	&	&	CCONJ
ajbmeb-2596	160	6	mathur	mathur	PROPN
ajbmeb-2596	160	7	,	,	PUNCT
ajbmeb-2596	160	8	i.	i.	PROPN
ajbmeb-2596	160	9	(	(	PUNCT
ajbmeb-2596	160	10	2015	2015	NUM
ajbmeb-2596	160	11	)	)	PUNCT
ajbmeb-2596	160	12	.	.	PUNCT
ajbmeb-2596	161	1	privatization	privatization	NOUN
ajbmeb-2596	161	2	,	,	PUNCT
ajbmeb-2596	161	3	financial	financial	ADJ
ajbmeb-2596	161	4	development	development	NOUN
ajbmeb-2596	161	5	,	,	PUNCT
ajbmeb-2596	161	6	property	property	NOUN
ajbmeb-2596	161	7	rights	right	NOUN
ajbmeb-2596	161	8	and	and	CCONJ
ajbmeb-2596	161	9	growth	growth	NOUN
ajbmeb-2596	161	10	.	.	PUNCT
ajbmeb-2596	162	1	journal	journal	NOUN
ajbmeb-2596	162	2	of	of	ADP
ajbmeb-2596	162	3	banking	banking	NOUN
ajbmeb-2596	162	4	&	&	CCONJ
ajbmeb-2596	162	5	finance	finance	PROPN
ajbmeb-2596	162	6	,	,	PUNCT
ajbmeb-2596	162	7	50	50	NUM
ajbmeb-2596	162	8	,	,	PUNCT
ajbmeb-2596	162	9	528–546	528–546	NUM
ajbmeb-2596	162	10	.	.	PUNCT
ajbmeb-2596	163	1	https://doi.org/10.1016/j.jbankfin.2014.03.030	https://doi.org/10.1016/j.jbankfin.2014.03.030	NOUN
ajbmeb-2596	163	2	4	4	NUM
ajbmeb-2596	163	3	.	.	PUNCT
ajbmeb-2596	163	4	radygin	radygin	PROPN
ajbmeb-2596	163	5	a.d	a.d	PROPN
ajbmeb-2596	163	6	.	.	PROPN
ajbmeb-2596	163	7	,	,	PUNCT
ajbmeb-2596	163	8	entov	entov	PROPN
ajbmeb-2596	163	9	r.m	r.m	PROPN
ajbmeb-2596	163	10	.	.	PROPN
ajbmeb-2596	163	11	,	,	PUNCT
ajbmeb-2596	163	12	abramov	abramov	PROPN
ajbmeb-2596	163	13	a.e	a.e	PROPN
ajbmeb-2596	163	14	.	.	PROPN
ajbmeb-2596	163	15	,	,	PUNCT
ajbmeb-2596	163	16	chernova	chernova	PROPN
ajbmeb-2596	163	17	m.i	m.i	PROPN
ajbmeb-2596	163	18	.	.	PROPN
ajbmeb-2596	163	19	,	,	PUNCT
ajbmeb-2596	163	20	malginov	malginov	PROPN
ajbmeb-2596	163	21	g.n	g.n	PROPN
ajbmeb-2596	163	22	.	.	PROPN
ajbmeb-2596	163	23	privatization	privatization	NOUN
ajbmeb-2596	163	24	30	30	NUM
ajbmeb-2596	163	25	years	year	NOUN
ajbmeb-2596	163	26	later	later	ADV
ajbmeb-2596	163	27	:	:	PUNCT
ajbmeb-2596	163	28	scale	scale	NOUN
ajbmeb-2596	163	29	and	and	CCONJ
ajbmeb-2596	163	30	efficiency	efficiency	NOUN
ajbmeb-2596	163	31	of	of	ADP
ajbmeb-2596	163	32	the	the	DET
ajbmeb-2596	163	33	state	state	NOUN
ajbmeb-2596	163	34	sector	sector	NOUN
ajbmeb-2596	163	35	.	.	PUNCT
ajbmeb-2596	164	1	—	—	PUNCT
ajbmeb-2596	164	2	moscow	moscow	PROPN
ajbmeb-2596	164	3	:	:	PUNCT
ajbmeb-2596	164	4	delo	delo	PROPN
ajbmeb-2596	164	5	publishing	publishing	PROPN
ajbmeb-2596	164	6	house	house	PROPN
ajbmeb-2596	164	7	,	,	PUNCT
ajbmeb-2596	164	8	ranepa	ranepa	NOUN
ajbmeb-2596	164	9	,	,	PUNCT
ajbmeb-2596	164	10	2019	2019	NUM
ajbmeb-2596	164	11	.	.	PUNCT
ajbmeb-2596	165	1	—	—	PUNCT
ajbmeb-2596	165	2	182	182	NUM
ajbmeb-2596	165	3	p.	p.	NOUN
ajbmeb-2596	165	4	,	,	PUNCT
ajbmeb-2596	165	5	p.	p.	NOUN
ajbmeb-2596	165	6	49	49	NUM
ajbmeb-2596	165	7	.	.	PUNCT
ajbmeb-2596	166	1	5	5	NUM
ajbmeb-2596	166	2	.	.	X
ajbmeb-2596	166	3	savas	savas	PROPN
ajbmeb-2596	166	4	,	,	PUNCT
ajbmeb-2596	166	5	e.s	e.s	PROPN
ajbmeb-2596	166	6	.	.	PROPN
ajbmeb-2596	166	7	privatization	privatization	NOUN
ajbmeb-2596	166	8	and	and	CCONJ
ajbmeb-2596	166	9	public	public	ADJ
ajbmeb-2596	166	10	-	-	PUNCT
ajbmeb-2596	166	11	private	private	ADJ
ajbmeb-2596	166	12	partnerships	partnership	NOUN
ajbmeb-2596	166	13	for	for	ADP
ajbmeb-2596	166	14	local	local	ADJ
ajbmeb-2596	166	15	services	service	NOUN
ajbmeb-2596	166	16	.	.	PUNCT
ajbmeb-2596	167	1	mamatov	mamatov	PROPN
ajbmeb-2596	167	2	b.sh	b.sh	PROPN
ajbmeb-2596	167	3	.	.	PUNCT
ajbmeb-2596	168	1	conceptual	conceptual	ADJ
ajbmeb-2596	168	2	foundations	foundation	NOUN
ajbmeb-2596	168	3	for	for	ADP
ajbmeb-2596	168	4	ensuring	ensure	VERB
ajbmeb-2596	168	5	investor	investor	NOUN
ajbmeb-2596	168	6	activity	activity	NOUN
ajbmeb-2596	168	7	in	in	ADP
ajbmeb-2596	168	8	the	the	DET
ajbmeb-2596	168	9	privatization	privatization	NOUN
ajbmeb-2596	168	10	of	of	ADP
ajbmeb-2596	168	11	state	state	NOUN
ajbmeb-2596	168	12	shares	share	NOUN
ajbmeb-2596	168	13	in	in	ADP
ajbmeb-2596	168	14	the	the	DET
ajbmeb-2596	168	15	economy	economy	NOUN
ajbmeb-2596	168	16	.	.	PUNCT
ajbmeb-2596	169	1	//	//	PUNCT
ajbmeb-2596	169	2	doctoral	doctoral	ADJ
ajbmeb-2596	169	3	dissertation	dissertation	NOUN
ajbmeb-2596	169	4	abstract	abstract	NOUN
ajbmeb-2596	169	5	(	(	PUNCT
ajbmeb-2596	169	6	dsc	dsc	NOUN
ajbmeb-2596	169	7	in	in	ADP
ajbmeb-2596	169	8	economics	economic	NOUN
ajbmeb-2596	169	9	)	)	PUNCT
ajbmeb-2596	169	10	.	.	PUNCT
ajbmeb-2596	169	11	—	—	PUNCT
ajbmeb-2596	169	12	tashkent	tashkent	NOUN
ajbmeb-2596	169	13	,	,	PUNCT
ajbmeb-2596	169	14	2023	2023	NUM
ajbmeb-2596	169	15	,	,	PUNCT
ajbmeb-2596	169	16	p.	p.	NOUN
ajbmeb-2596	169	17	14	14	NUM
ajbmeb-2596	169	18	.	.	PUNCT
ajbmeb-2596	170	1	6	6	NUM
ajbmeb-2596	170	2	.	.	X
ajbmeb-2596	170	3	kakhkharov	kakhkharov	PROPN
ajbmeb-2596	170	4	a.a	a.a	PROPN
ajbmeb-2596	170	5	.	.	PROPN
ajbmeb-2596	170	6	issues	issue	NOUN
ajbmeb-2596	170	7	of	of	ADP
ajbmeb-2596	170	8	valuation	valuation	NOUN
ajbmeb-2596	170	9	of	of	ADP
ajbmeb-2596	170	10	state	state	NOUN
ajbmeb-2596	170	11	-	-	PUNCT
ajbmeb-2596	170	12	owned	own	VERB
ajbmeb-2596	170	13	enterprises	enterprise	NOUN
ajbmeb-2596	170	14	in	in	ADP
ajbmeb-2596	170	15	developing	develop	VERB
ajbmeb-2596	170	16	countries	country	NOUN
ajbmeb-2596	170	17	.	.	PUNCT
ajbmeb-2596	171	1	phd	phd	NOUN
ajbmeb-2596	171	2	dissertation	dissertation	NOUN
ajbmeb-2596	171	3	in	in	ADP
ajbmeb-2596	171	4	economics	economic	NOUN
ajbmeb-2596	171	5	.	.	PUNCT
ajbmeb-2596	171	6	—	—	PUNCT
ajbmeb-2596	171	7	tashkent	tashkent	NOUN
ajbmeb-2596	171	8	,	,	PUNCT
ajbmeb-2596	171	9	2022	2022	NUM
ajbmeb-2596	171	10	,	,	PUNCT
ajbmeb-2596	171	11	p.	p.	NOUN
ajbmeb-2596	171	12	5	5	NUM
ajbmeb-2596	171	13	.	.	X
ajbmeb-2596	171	14	7	7	X
ajbmeb-2596	171	15	.	.	X
ajbmeb-2596	171	16	m.	m.	NOUN
ajbmeb-2596	171	17	khamidulin	khamidulin	PROPN
ajbmeb-2596	171	18	,	,	PUNCT
ajbmeb-2596	171	19	a.	a.	NOUN
ajbmeb-2596	171	20	usmanov	usmanov	PROPN
ajbmeb-2596	171	21	,	,	PUNCT
ajbmeb-2596	171	22	d.	d.	PROPN
ajbmeb-2596	171	23	musabekov	musabekov	PROPN
ajbmeb-2596	171	24	.	.	PUNCT
ajbmeb-2596	172	1	key	key	ADJ
ajbmeb-2596	172	2	factors	factor	NOUN
ajbmeb-2596	172	3	in	in	ADP
ajbmeb-2596	172	4	the	the	DET
ajbmeb-2596	172	5	efficiency	efficiency	NOUN
ajbmeb-2596	172	6	of	of	ADP
ajbmeb-2596	172	7	state	state	NOUN
ajbmeb-2596	172	8	asset	asset	NOUN
ajbmeb-2596	172	9	privatization	privatization	NOUN
ajbmeb-2596	172	10	.	.	PUNCT
ajbmeb-2596	173	1	//	//	PUNCT
ajbmeb-2596	173	2	society	society	NOUN
ajbmeb-2596	173	3	and	and	CCONJ
ajbmeb-2596	173	4	innovation	innovation	NOUN
ajbmeb-2596	173	5	journal	journal	NOUN
ajbmeb-2596	173	6	(	(	PUNCT
ajbmeb-2596	173	7	inscience.uz	inscience.uz	NUM
ajbmeb-2596	173	8	)	)	PUNCT
ajbmeb-2596	173	9	,	,	PUNCT
ajbmeb-2596	173	10	special	special	ADJ
ajbmeb-2596	173	11	issue	issue	NOUN
ajbmeb-2596	173	12	–	–	PUNCT
ajbmeb-2596	173	13	2	2	NUM
ajbmeb-2596	173	14	,	,	PUNCT
ajbmeb-2596	173	15	no	no	INTJ
ajbmeb-2596	173	16	.	.	NOUN
ajbmeb-2596	173	17	01	01	NUM
ajbmeb-2596	173	18	(	(	PUNCT
ajbmeb-2596	173	19	2020	2020	NUM
ajbmeb-2596	173	20	)	)	PUNCT
ajbmeb-2596	173	21	,	,	PUNCT
ajbmeb-2596	173	22	p.	p.	NOUN
ajbmeb-2596	173	23	88	88	NUM
ajbmeb-2596	173	24	.	.	PUNCT
ajbmeb-2596	174	1	8	8	X
ajbmeb-2596	174	2	.	.	X
ajbmeb-2596	175	1	mukhamedov	mukhamedov	PROPN
ajbmeb-2596	175	2	f.t	f.t	PROPN
ajbmeb-2596	175	3	.	.	PUNCT
ajbmeb-2596	175	4	directions	direction	NOUN
ajbmeb-2596	175	5	for	for	ADP
ajbmeb-2596	175	6	the	the	DET
ajbmeb-2596	175	7	development	development	NOUN
ajbmeb-2596	175	8	of	of	ADP
ajbmeb-2596	175	9	trading	trading	NOUN
ajbmeb-2596	175	10	systems	system	NOUN
ajbmeb-2596	175	11	in	in	ADP
ajbmeb-2596	175	12	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	175	13	’s	’s	PART
ajbmeb-2596	175	14	securities	security	NOUN
ajbmeb-2596	175	15	market	market	NOUN
ajbmeb-2596	175	16	.	.	PUNCT
ajbmeb-2596	176	1	doctoral	doctoral	ADJ
ajbmeb-2596	176	2	dissertation	dissertation	NOUN
ajbmeb-2596	176	3	(	(	PUNCT
ajbmeb-2596	176	4	dsc	dsc	NOUN
ajbmeb-2596	176	5	in	in	ADP
ajbmeb-2596	176	6	economics	economic	NOUN
ajbmeb-2596	176	7	)	)	PUNCT
ajbmeb-2596	176	8	.	.	PUNCT
ajbmeb-2596	176	9	—	—	PUNCT
ajbmeb-2596	176	10	tashkent	tashkent	NOUN
ajbmeb-2596	176	11	,	,	PUNCT
ajbmeb-2596	176	12	2019	2019	NUM
ajbmeb-2596	176	13	,	,	PUNCT
ajbmeb-2596	176	14	p.	p.	NOUN
ajbmeb-2596	176	15	114	114	NUM
ajbmeb-2596	176	16	.	.	PUNCT
ajbmeb-2596	177	1	9	9	NUM
ajbmeb-2596	177	2	.	.	X
ajbmeb-2596	177	3	b.	b.	PROPN
ajbmeb-2596	177	4	kabilov	kabilov	PROPN
ajbmeb-2596	177	5	.	.	PUNCT
ajbmeb-2596	178	1	professor	professor	NOUN
ajbmeb-2596	178	2	at	at	ADP
ajbmeb-2596	178	3	the	the	DET
ajbmeb-2596	178	4	university	university	PROPN
ajbmeb-2596	178	5	of	of	ADP
ajbmeb-2596	178	6	texas	texas	PROPN
ajbmeb-2596	178	7	(	(	PUNCT
ajbmeb-2596	178	8	usa	usa	PROPN
ajbmeb-2596	178	9	)	)	PUNCT
ajbmeb-2596	178	10	.	.	PUNCT
ajbmeb-2596	179	1	capital	capital	NOUN
ajbmeb-2596	179	2	market	market	NOUN
ajbmeb-2596	179	3	:	:	PUNCT
ajbmeb-2596	179	4	problems	problem	NOUN
ajbmeb-2596	179	5	and	and	CCONJ
ajbmeb-2596	179	6	solutions	solution	NOUN
ajbmeb-2596	179	7	.	.	PUNCT
ajbmeb-2596	180	1	//	//	PROPN
ajbmeb-2596	180	2	biznes	biznes	PROPN
ajbmeb-2596	180	3	daily	daily	PROPN
ajbmeb-2596	180	4	birja	birja	PROPN
ajbmeb-2596	180	5	newspaper	newspaper	NOUN
ajbmeb-2596	180	6	,	,	PUNCT
ajbmeb-2596	180	7	no	no	INTJ
ajbmeb-2596	180	8	.	.	NOUN
ajbmeb-2596	180	9	73	73	NUM
ajbmeb-2596	180	10	(	(	PUNCT
ajbmeb-2596	180	11	3164	3164	NUM
ajbmeb-2596	180	12	)	)	PUNCT
ajbmeb-2596	180	13	,	,	PUNCT
ajbmeb-2596	180	14	dated	date	VERB
ajbmeb-2596	180	15	19.09.2024	19.09.2024	NUM
ajbmeb-2596	180	16	,	,	PUNCT
ajbmeb-2596	180	17	p.2	p.2	X
ajbmeb-2596	180	18	.	.	PUNCT
ajbmeb-2596	181	1	www.businessdaily.uz	www.businessdaily.uz	ADJ
ajbmeb-2596	181	2	10	10	NUM
ajbmeb-2596	181	3	.	.	PUNCT
ajbmeb-2596	182	1	https://data.worldbank.org/indicator/ny.gdp.mktp.cd?locations=ro	https://data.worldbank.org/indicator/ny.gdp.mktp.cd?locations=ro	ADJ
ajbmeb-2596	182	2	11	11	NUM
ajbmeb-2596	182	3	.	.	PUNCT
ajbmeb-2596	183	1	k.	k.	PROPN
ajbmeb-2596	183	2	srapionov	srapionov	PROPN
ajbmeb-2596	183	3	.	.	PUNCT
ajbmeb-2596	184	1	romania	romania	PROPN
ajbmeb-2596	184	2	’s	’s	PART
ajbmeb-2596	184	3	privatization	privatization	NOUN
ajbmeb-2596	184	4	experience	experience	NOUN
ajbmeb-2596	184	5	:	:	PUNCT
ajbmeb-2596	184	6	what	what	PRON
ajbmeb-2596	184	7	can	can	AUX
ajbmeb-2596	184	8	be	be	AUX
ajbmeb-2596	184	9	useful	useful	ADJ
ajbmeb-2596	184	10	for	for	ADP
ajbmeb-2596	184	11	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	184	12	,	,	PUNCT
ajbmeb-2596	184	13	2021	2021	NUM
ajbmeb-2596	184	14	.	.	PUNCT
ajbmeb-2596	185	1	https://www.gazeta.uz/ru/2021/04/14/privatization/	https://www.gazeta.uz/ru/2021/04/14/privatization/	PROPN
ajbmeb-2596	185	2	12	12	NUM
ajbmeb-2596	185	3	.	.	PUNCT
ajbmeb-2596	186	1	decree	decree	NOUN
ajbmeb-2596	186	2	of	of	ADP
ajbmeb-2596	186	3	the	the	DET
ajbmeb-2596	186	4	president	president	NOUN
ajbmeb-2596	186	5	of	of	ADP
ajbmeb-2596	186	6	the	the	DET
ajbmeb-2596	186	7	republic	republic	NOUN
ajbmeb-2596	186	8	of	of	ADP
ajbmeb-2596	186	9	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	186	10	no	no	PROPN
ajbmeb-2596	186	11	.	.	PUNCT
ajbmeb-2596	187	1	pp-303	pp-303	VERB
ajbmeb-2596	187	2	dated	date	VERB
ajbmeb-2596	187	3	august	august	PROPN
ajbmeb-2596	187	4	27	27	NUM
ajbmeb-2596	187	5	,	,	PUNCT
ajbmeb-2596	187	6	2024	2024	NUM
ajbmeb-2596	187	7	"	"	PUNCT
ajbmeb-2596	187	8	on	on	ADP
ajbmeb-2596	187	9	the	the	DET
ajbmeb-2596	187	10	establishment	establishment	NOUN
ajbmeb-2596	187	11	of	of	ADP
ajbmeb-2596	187	12	the	the	DET
ajbmeb-2596	187	13	national	national	ADJ
ajbmeb-2596	187	14	investment	investment	NOUN
ajbmeb-2596	187	15	fund	fund	NOUN
ajbmeb-2596	187	16	of	of	ADP
ajbmeb-2596	187	17	the	the	DET
ajbmeb-2596	187	18	republic	republic	NOUN
ajbmeb-2596	187	19	of	of	ADP
ajbmeb-2596	187	20	uzbekistan	uzbekistan	PROPN
ajbmeb-2596	187	21	"	"	PUNCT
ajbmeb-2596	187	22	.	.	PUNCT
ajbmeb-2596	188	1	https://lex.uz/docs/-7086023	https://lex.uz/docs/-7086023	PROPN
ajbmeb-2596	188	2	https://doi.org/10.1016/j.jbankfin.2014.03.030	https://doi.org/10.1016/j.jbankfin.2014.03.030	PROPN
ajbmeb-2596	188	3	http://www.businessdaily.uz/	http://www.businessdaily.uz/	PUNCT
ajbmeb-2596	188	4	https://data.worldbank.org/indicator/ny.gdp.mktp.cd?locations=ro	https://data.worldbank.org/indicator/ny.gdp.mktp.cd?locations=ro	PROPN
ajbmeb-2596	188	5	https://www.gazeta.uz/ru/2021/04/14/privatization/	https://www.gazeta.uz/ru/2021/04/14/privatization/	NOUN
ajbmeb-2596	188	6	https://lex.uz/docs/-7086023	https://lex.uz/docs/-7086023	PROPN