Old and new Italian multinational firms
AbstractAfter a quick profile of Italian foreign direct investments since 1900 and a short review of the main explanations of the lagged multinational growth by Italian manufacturing companies, a quick glimpse of business histories is given to the only two still today living "old protagonists" (Pirelli, Fiat) and to three old corporate groups (Olivetti, SNIA Viscosa, Montecatini-Montedison) who had also reached a significant degree of full internationalization early in the XX century, but during the second postwar period underwent profound dismantling of their original business mission. Finally the paper focuses on few cases of "new protagonists", mid-size family companies who undertook a true multinational strategy only in the most recent decades and today represent the core of the Italian "fourth capitalism".
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Bibliographic InfoPaper provided by Bank of Italy, Economic Research and International Relations Area in its series Quaderni di storia economica (Economic History Working Papers) with number 15.
Date of creation: Oct 2011
Date of revision:
Italian industry-multinational companies;
Find related papers by JEL classification:
- F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
- L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
- N63 - Economic History - - Manufacturing and Construction - - - Europe: Pre-1913
- N64 - Economic History - - Manufacturing and Construction - - - Europe: 1913-
- N83 - Economic History - - Micro-Business History - - - Europe: Pre-1913
- N84 - Economic History - - Micro-Business History - - - Europe: 1913-
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-19 (All new papers)
- NEP-HIS-2011-12-19 (Business, Economic & Financial History)
- NEP-SBM-2011-12-19 (Small Business Management)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Markusen, James R. & Venables, Anthony J., 1998.
"Multinational firms and the new trade theory,"
Journal of International Economics,
Elsevier, vol. 46(2), pages 183-203, December.
- Federico Barbiellini Amidei & Andrea Goldstein & Marcella Spadoni, 2010. "European Acquisitions in the United States:Re-examining Olivetti-Underwood Fifty Years Later," Quaderni di storia economica (Economic History Working Papers) 2, Bank of Italy, Economic Research and International Relations Area.
- Federico Barbiellini Amidei & John Cantwell & Anna Spadavecchia, 2011. "Innovation and Foreign Technology in Italy,1861-2011," Quaderni di storia economica (Economic History Working Papers) 07, Bank of Italy, Economic Research and International Relations Area.
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