How Thatcher Changed World Economy

Lady Thatcher died on Monday aged 87, bringing praise for her efforts to transform Britain's moribund economy with ground-breaking policies such as privatisation, reducing trade union power and cutting taxes.
Lord Young, who Lady Thatcher famously said brought her solutions, not problems, said that Britain had “been in decline for 60 years and suddenly she came in and stopped it”.
Privatisation was chief among her policies, said Lord Young, who led the sell-off of state-owned businesses in the 1980s. “At that time not a single telecoms company outside the US was owned by the state,” he said. “Privatisation was an idea that took over the world and changed the global economy.”