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Nonprofit organizations, privatization and the mixed economy: A managerial economics perspective
Author(s) -
Cafferata Roberto
Publication year - 1997
Publication title -
annals of public and cooperative economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.526
H-Index - 37
eISSN - 1467-8292
pISSN - 1370-4788
DOI - 10.1111/1467-8292.00068
Subject(s) - complementarity (molecular biology) , mixed economy , business , economic system , public sector , order (exchange) , economics , perspective (graphical) , profit (economics) , social economy , market economy , economy , finance , microeconomics , genetics , biology , artificial intelligence , computer science
This paper is divided into two parts. The first illustrates the present characteristics and future prospects for the development of the third sector in Italy. It then examines the social context in which the third sector develops not only in Italy but also in the rest of Europe. The theoretical perspective that seems to be the most appropriate to the dimensions the third sector has taken on in most Western countries is that of dynamic complementarity between state agencies, for‐profit organizations and nonprofit organizations. In order to foster economic and social innovation, there is a need for collaboration and complementarity of roles among organizations of different types. An economic policy implemented on a rational basis should select its own intervention instruments after building a set of strategic and organizational alternatives, avoiding the exclusive adoption of only one of these, as happened at the time of the almost unlimited provision of state aid to enterprises and with the unproductive rescues of ailing public enterprises.