The Rise and Fall of State-Owned Enterprise in the Western World

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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.

Pier Angelo Toninelli, Nicola Bellini, Yair Aharoni, Erik S. Reinert, Ulrich Wengenroth, Franco Amatori, Robert Millward, Emmanuel Chadeau, Albert Cameras, Xavier Tafunell, Eugenio Tomes, Dieter Stiefel, M. Davids, Jan L. van Zanden, Louis Galambos, William Baumol

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Editorial Reviews

From the Publisher
"This collection presents a historical survey of the role of state-owned enterprises (SOEs) on economics growth in eight Western countries during the 20th century...Long-term forces as well as country-specific events in Germany, Italy, Britain, France, Spain, Austria, the Netherlands, and the US are examined in great depth. The authors present excellent evidence for the reader to decide whether the recent decline in SOEs is a trend or part of a cycle where the pendulum swings from public issues to private welfare goals. CHOICE March 2001 CHOICE March 2001
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Product Details

Table of Contents

1 The Rise and Fall of Public Enterprise: The Framework 3
2 The Decline of State-Owned Enterprise and the New Foundations of the State-Industry Relationship 25
3 The Performance of State-Owned Enterprises 49
4 The Role of the State in Economic Growth 73
5 The Rise and Fall of State-Owned Enterprise in Germany 103
6 Beyond State and Market: Italy's Futile Search for a Third Way 128
7 State Enterprise in Britain in the Twentieth Century 157
8 The Rise and Decline of State-Owned Industry in Twentieth-Century France 185
9 The Rise and Decline of Spanish State-Owned Firms 208
10 Fifty Years of State-Owned Industry in Austria, 1946-1996 237
11 A Reluctant State and Its Enterprises: State-Owned Enterprises in the Netherlands in the "Long" Twentieth Century 253
12 State-Owned Enterprises in a Hostile Environment: The U.S. Experience 273
Conclusion: Schumpeter Revisited 303
Index 311
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