are involved when countries engage in international business, it is important to understand the expropriation risks and laws within each of the countries in which business is conducted in order to understand the risks as an investor in that country. Trends Studies have found that nationalization follows a cyclical trend. Nationalization rose in the 1960s and 1970s, followed by an increase in privatization in the 80s and 90s, followed again by an increase in nationalization in the 2000s and 2010s. Marxist theory The term appears as "expropriation of expropriators (ruling classes)" in Marxist theory, and also as the slogan "Loot the looters!" ("грабь награбленное"), which was very popular during the Russian October Revolution. The term is also used to describe nationalization campaigns by communist states, such as dekulakization and collectivization in the USSR. However, nationalization is not a specifically socialist strategy, and Marxism's founders were skeptical of its value. As Engels put it: Nikolai Bukharin also criticised the term 'nationalisation', preferring the term 'statisation' instead. See also Compulsory purchase Constitutional economics Confiscation Eminent domain List of nationalizations by country List of privatizations by country Municipalization Planned economy Privatization Public ownership Railway nationalization Sequestration State ownership State capitalism State socialism State sector Statism References External links , article on Indian public sector banks Time for Permanent Nationalization by economist Fred Moseley in Dollars & Sense, January/February 2009 The Corporate Governance of Banks – a concise discussion of concepts and evidence Economic policy Economic systems Ownership Social democracy