The research is a study of privatization: concepts and types. Also, it explains deeply the rationale behind privatization and the conditions for the success of the process. After this, it comes to some examples of privatization in different countries and cultures: Industrial Countries, Western Economies, Economies in Transitions, Developing Countries, Central and Eastern Europe, and especially in Lebanon. This project may not have all the answers to our existing problems. However, it gives ideas and recommendations that could be useful in any country especially Lebanon.