Reassessing the Role of Management in the Golden Age: An International Comparison of Public Sector Managers 1945–1975 (Central Issues in Contemporary Economic Theory and Policy)

This book provides a critical reassessment of the role of the public sector during the Golden Age in both advanced and emerging economies. Contributions focus on a major player in the setting of mixed economies: the top managers of state-owned enterprises. Bringing together world-renowned scholars, this collection analyzes the actions of these managers and their contribution to the rise and fall of the mixed economy during the Golden Age, opening up a comparative perspective of the topic. The book forces readers to reconsider how crucial state-owned enterprises were for economic recovery and for the modernization of the production apparatus of many countries in Western Europe, India, Latin America and South Africa. Key chapters discuss state-owned enterprises in twentieth-century Europe, the managerial revolution in Italy, the role of the state in Argentine industrialization, and the organization of capital in the Indian economy. This insightful collection will appeal to scholars and students with an interest in economic history and the socio-economic impact of state-owned companies around the globe. Contents 5 List of Figures and Graph 7 List of Tables 8 Introduction 9 State and Enterprise: The Case of SOEs in Europe in the Twentieth Century 16 Bibliography 22 The Boards of UK Nationalised Industries and Their Members c.1950–c.1979 24 Introduction 25 Perceived Importance of the Nationalised Industries’ Boards 28 Efforts to Reform the Appointment Process 30 Nature of the Boards 36 Conclusion 38 Bibliography 40 The Managerial Revolution in Italy. The Managers of IRI (1945–1970) 45 Introduction 46 Origins and Mission of IRI 47 Recruitment and Training of New Managerial Teams 49 The Database: Profiling a National Technocracy 52 Innovation and Continuity in the Golden Age 53 Managerial Revolution and Italy’s “Economic Miracle” 55 The Beginning of the Decline 57 Bibliography 58 Two Lives Both Parallel and Divergent: Pasquale Saraceno and Giorgio Fuà 62 Bibliography 68 French Public Sector Managers 1945–1975: Modernization Without Miracle 70 Introduction 71 The Origins and Recruitment of Top Managers and their Impact on Business Networks 72 The Origins 72 The Recruitment 74 The Networks 74 What Did Bosses Do? 75 Internationalization 76 Modernization 77 Industrial Relations 79 The Principal and the Agents 80 From Control to Contract? 81 The Cost Structure 82 Financing the Future 84 Conclusion 85 Bibliography 87 SASOL. From State-Owned Enterprise to Chemical Leader: Management and Strategy, 1952–1980 91 Introduction 92 State-Owned Enterprises: Crowding Out or Enabling? 93 SASOL: Establishing a Strategic Industry 95 SASOL: Managing a Strategic Industry 100 “Rounding Off” and Privatize 108 Conclusion 110 Bibliography 112 The Role of Military Managers in State-­Owned Companies in Argentina. Astilleros y Fábricas Navales del Estado (1953–1986) 117 The Entrepreneurial State in Argentina 119 The Industrial-Nationalist Ideology in Argentina: Enrique Mosconi and Manuel Savio 122 Shipbuilding for Defense and Economic Independence 125 The Trajectory of AFNE 128 Edmundo Manera and Enrique Carranza: Building Technological Capabilities in Argentine Shipbuilding Industry 133 Summing Up 135 Appendix 137 Bibliography 138 Sources 142 Laws and Decrees 142 Interviews 142 Industrial Policy and the Role of MITI in Japan 144 From the Audience 152 The Public Sector and the Regime of Capital in India, 1947–1975 155 Introduction 156 Section I 158 Section II 165 Bibliography 176 Other Cited Sources 178 Formation of Industrial Complexes in South Korea in the 1960s and 1970s: Reconsidering Entrepreneurial State in Asia 180 Industrialization in Haste for Survival and Independence 181 Reconsidering Entrepreneurial State of “The Rest” 183 Entrepreneurial State in Motion 185 The Architect of KICOX 188 The Rise of Technocrats for Entrepreneurial State 189 Exploration of New Analytical Approaches to Entrepreneurial State 192 Raison d’être of Industrial History 192 Revisiting Theory of Fiscal-Military State in the Case of South Korea 193 Industrialization of South Korea in Global History 194 Concluding Remarks: Revisiting Gerschenkronian Theory? 195 Bibliography 196 Index 200 Front Matter ....Pages i-ix Introduction (Daniela Felisini)....Pages 1-7 State and Enterprise: The Case of SOEs in Europe in the Twentieth Century (Franco Amatori)....Pages 9-16 The Boards of UK Nationalised Industries and Their Members c.1950–c.1979 (Neil Rollings)....Pages 17-37 The Managerial Revolution in Italy. The Managers of IRI (1945–1970) (Daniela Felisini)....Pages 39-55 Two Lives Both Parallel and Divergent: Pasquale Saraceno and Giorgio Fuà (Franco Amatori)....Pages 57-64 French Public Sector Managers 1945–1975: Modernization Without Miracle (Patrick Fridenson)....Pages 65-85 SASOL. From State-Owned Enterprise to Chemical Leader: Management and Strategy, 1952–1980 (Grietjie Verhoef)....Pages 87-112 The Role of Military Managers in State-Owned Companies in Argentina. Astilleros y Fábricas Navales del Estado (1953–1986) (Cintia Russo)....Pages 113-139 Industrial Policy and the Role of MITI in Japan (Shinji Fukukawa, Franco Amatori, Corrado Molteni)....Pages 141-151 The Public Sector and the Regime of Capital in India, 1947–1975 (Chirashree Das Gupta)....Pages 153-177 Formation of Industrial Complexes in South Korea in the 1960s and 1970s: Reconsidering Entrepreneurial State in Asia (Eugene K. Choi)....Pages 179-198 Back Matter ....Pages 199-201