The Rise and Fall of State-Owned Enterprise in the Western World
Pierangelo Maria Toninelli
Cambridge University Press, Oct 2, 2000 - Business & Economics - 320 pages
This book examines the rise and fall in the twentieth-century Western world of state-owned enterprises (SOEs), a chief instrument of state economic intervention. The authors offer historical perspectives on the origins and purpose of SOEs, their performance, and the reasons for their precipitate decline. The volume explores the theory of state business as well as the permutations and future prospects of the institution in practice. The contributors present studies of the development of state-owned enterprises in seven Western European countries and the United States.
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administration Alberto Beneduce assets Austria became billion Britain British CAMPSA capital CEPSA companies competition costs countries created decline economic development economic growth efficiency electricity employment ENASA ENDESA entrepreneur ernment Espana essay European federal France German Hermann Goring important increased INI/M interests intervention investment Italian Italy labor major manufacturing market failure Martin Acena Mediobanca ment Millward mixed economies monopoly municipal natural monopolies networks nineteenth century nomic operations Paris parties percent performance planning plant political postal private enterprise private firms private sector Privatisation production profits Prussian public enterprise public firms public ownership public sector railways regulation RENFE REPSOL result role share shareholding social socialist SOEs Spanish state-owned enterprises state-owned firms steel strategies structure subsidies technological telecommunications tion trade transport twentieth century United VEBA Weimar Republic World Bank