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.
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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

Preface; Part I. Setting the Stage: 1. The rise and fall of public enterprise: the framework Pier Angelo Toninelli; 2. The decline of state-owned enterprise and the new foundations of the state-industry relationship Nicola Bellini; 3. The performance of state-owned enterprises Yair Aharoni; 4. The role of the state in economic growth Erik S. Reinert; Part II. National Cases: 5. The rise and fall of state-owned enterprise in Germany Ulrich Wengenroth; 6. Beyond state or market: Italy's futile search for a third way Franco Amatori; 7. State enterprise in Britain in the twentieth century Robert Millward; 8. The rise and decline of state-owned industry in twentieth-century France Emmanuel Chadeau; 9. The rise and decline of Spanish state-owned firms Albert Carreras, Xavier Tafunell and Eugenio Torres; 10. Fifty years of state-owned industry in Austria, 1946–1996 Dieter Stiefel; 11. State-owned enterprises in the Netherlands in the long twentieth century M. Davids and Jan L. van Zanden; 12. State-owned enterprises in a hostile environment Louis Galambos; Conclusion: Schumpeter revisited Louis Galambos and William Baumol.
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