Reappraising State-Owned Enterprise

A Comparison of the UK and Italy

By: Franco Amatori (Editor), Robert Millward (Editor), Pier Angelo Toninelli (Editor)

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Hardcover | 28 March 2011 | Edition Number 1

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Hardcover
300 Pages

Dimensions(cm)
22.86 x 15.24 x 1.75

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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 20^th 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 21^st 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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