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Reappraising State-Owned Enterprise - A Comparison of the UK and Italy (Hardcover)
Loot Price: R4,676
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Reappraising State-Owned Enterprise - A Comparison of the UK and Italy (Hardcover)
Series: Routledge International Studies in Business History
Expected to ship within 12 - 17 working days
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After a quarter century of almost general condemnation and rebuttal
of the entire nationalization experience, it appears that there are
second thoughts about governmental direct intervention in the
economy. Reappraising State-Owned Enterprise deals with a topic
often undervalued in the past decade but which now, with the crisis
of 2008-2009, calls for greater attention: the direct intervention
of the State as Entrepreneur. The collection of essays in this
volume -- prepared by some of the leading authorities in the field
-- offers a contribution to this debate by providing a balanced
assessment of two of the most relevant experiences of mixed
economies, the United Kingdom and Italy. In this respect, a
comparison between these two countries is very much appropriate
since in both nations the State played an important role as
"Entrepreneur" starting in the early 20th century. In Great Britain
and Italy, the heyday of the "State as Entrepreneur" was in the
years right after WWII when it was used as a tool for promoting a
modern society in which citizens acquired a stronger sense of
belonging to their nations. The UK and Italy saw the State take on
a too-pervasive role in the 70s; the two nations responded in
different ways. In the 1980s Great Britain embarked on a harsh
process of privatizations while Italians struggled on until finally
submitting to privatizations in their nation in the following
decade. The deep crisis of the final years of the 21st century
forced both nations to reconsider State interventions as an
appropriate tool in order to protect the wellbeing of the national
economy.
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