THE FIRST PRIVATIZATION: SELLING SOEs AND PRIVATIZING PUBLIC MONOPOLIES IN FASCIST ITALY (1922-1925)
AbstractItalys first Fascist government applied a large-scale privatization policy between 1922 and 1925. The government privatized the state monopoly of match sale, eliminated the State monopoly on life insurances, sold most of the State-owned telephone networks and services to private firms, reprivatized the largest metal machinery producer, and awarded concessions to private firms to build and operate motorways. While ideological considerations may have had a certain influence, privatization was used mainly as a political tool to build confidence among industrialists and to increase support for the government and the Partito Nazionale Fascista. Privatization also contributed to balancing the budget, which was the core objective of Fascist economic policy in its first phase.
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Bibliographic InfoPaper provided by Universitat de Barcelona. Espai de Recerca en Economia in its series Working Papers in Economics with number 235.
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Date of creation: 2009
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Other versions of this item:
- Germà Bel, 2011. "The first privatisation: selling SOEs and privatising public monopolies in Fascist Italy (1922--1925)," Cambridge Journal of Economics, Oxford University Press, vol. 35(5), pages 937-956.
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
- L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
- L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
- N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
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