By Andrea Colli, Michelangelo Vasta
Taking an old viewpoint, this specific ebook highlights the evolution of the various assorted types of organization, and discusses the contribution of those sorts of enterprise to the commercial development of Italy. One vital factor that has lately captured the eye and the learn efforts of either economists and monetary historians has been the controversy on kinds of capitalism within the sleek international. during this context, the professional individuals research some of the levels of Italian improvement which were characterised by means of assorted dominating kinds of company which, in flip, have tailored to the character of technological and industry possibilities on the institutional, nationwide and foreign point. This publication proposes a brand new interpretation of the 'Italian case' that makes use of either the structural and macroeconomic standpoint of comparative historical past, in addition to the microeconomic views concentrating on the techniques of alternative monetary brokers. in response to stable quantitative proof, this unique paintings will end up to be a worthwhile source for teachers and scholars of approach and association, monetary historians and utilized economists.
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Extra info for Forms of Enterprise in 20th Century Italy: Boundaries, Structures and Strategies
After World War II, the structure of Italian big business underwent a change, even though it was, again, not a radical transformation. As already noted, the share of the textile sector was still high, even though it was declining; the petroleum sector emerges, due to the increasing diffusion of the car and to the strong growth in energy consumption. It is, however, the basic metals and metal products sector, as well as the electrical and optical equipment sector, which obtain the top positions for both proxies.
C. 4). It generally mirrors the Italian delay in the diffusion of new technologies. This difference is greater if we consider the Italian specialisation within the new technologies. There are, in fact, relevant differences in technological and productive specialisation observed at a more specific level of sectoral specialisation. In chemicals, for example, Italian firms concentrate their activities on less technologically intensive new products – nitrogenous fertilizers – and maintain their specialisation in products derived from the processing of animal fats, which have nothing in common with those of the Second Industrial Revolution (Vasta 1999a).
Utilities show even more relevant changes, as they are essentially affected by the institutional change that characterised the sector during this period. In fact, we can see strong expansion of the firms during the 1920s and 1930s, until 1936, when there are 58 utilities amongst the top 200 enterprises (29 per cent of the total). Afterwards, we register a drop that brought the number of utilities among the top 200 firms in 1960 to 1913 levels. AA. 1989), only three companies were still in the sample.
Forms of Enterprise in 20th Century Italy: Boundaries, Structures and Strategies by Andrea Colli, Michelangelo Vasta