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ITALIAN STATE‐OWNED HOLDINGS, PRIVATIZATION AND THE SINGLE MARKET *
Author(s) -
CAFFERATA Roberto
Publication year - 1995
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/j.1467-8292.1995.tb00999.x
Subject(s) - parliament , state (computer science) , commission , european commission , market economy , european union , business , economic policy , public ownership , international economics , economy , economics , finance , political science , politics , law , algorithm , computer science
**: Italy's state industry is in a strategic transition, the result of which was not foreseen in the reforms approved by Parliament in the 1990s. Privatization pressures and opposite trends aimed at rejuvenating the state‐owned holdings (the major ones being Iri and Eni) coexist in the Italian mixed economy. However, in the absence of a clear strategic intent, the functions of Iri and Eni are destined to whither away, in spite of the success achieved by them in both national and international markets. New pressures are menacing public enterprises. The attitudes of the European Commission, the trends of the European Union's industrial policy, and the drive towards the construction of a single market challenge the competitive skills of Iri and Eni, which in 1992 became joint stock companies .