By Andrea Colli, Michelangelo Vasta
Taking an historic point of view, this targeted publication highlights the evolution of the various different different types of organisation, and discusses the contribution of those kinds of company to the industrial development of Italy. One very important factor that has lately captured the eye and the learn efforts of either economists and fiscal historians has been the controversy on sorts of capitalism within the sleek international. during this context, the professional individuals learn a few of the levels of Italian improvement which have been characterised by means of assorted dominating varieties 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 point of view of comparative historical past, in addition to the microeconomic views concentrating on the recommendations of other financial brokers. in keeping with stable quantitative facts, this unique paintings will end up to be a invaluable source for teachers and scholars of procedure and association, financial historians and utilized economists.
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Extra resources for Forms of Enterprise in 20th Century Italy: Boundaries, Structures and Strategies
This means that, looking at the sequence of the three technological regimes which characterised the world economy from the last decade of the 19th century up to the end of the 20th century, not only can we provide some explanations regarding the rise and the fall of the forms of enterprise analysed, but we can also offer some general interpretations of the evolution of Italian capitalism. 1 we illustrate the sequence of the technological regimes in relation to the performance of the different forms of enterprise.
In this context, firms are financed mainly by banks and not by stock markets, which are primarily concerned with the control of firms, instead of maximising their profits. A small number of families controlled big firms through groups, and the state was often a substitute actor in order to promote big business even through direct ownership. 10 Family firms are a persistent feature of the ownership of Italian firms up to the end of the 20th century within the group form; the state became a historical substitute for the introduction of new technology, especially after World War II, and multinationals were important vehicles for the introduction of new technology into the latecomer countries.
This pattern was mainly influenced by the dynamics of the manufacturing firms. The ratio of the assets of the top 200 MAN on Italian GDP showed a rising curve from the beginning of the period, in accordance with the rise of the technological regime following the Second Industrial Revolution and the Fordist paradigm. 5 per cent of the total GDP in 1971, in the final phase of the Golden Age, when large enterprise, based upon the low cost of raw materials and upon economies of scale, underwent a deep crisis at global level.
Forms of Enterprise in 20th Century Italy: Boundaries, Structures and Strategies by Andrea Colli, Michelangelo Vasta