By G. Grant Amyot
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Additional resources for Business, The State and Economic Policy: The Case of Italy (Routledge Advances in Europeanpolitics)
Since they make use of a public good – the air waves – Berlusconi’s television networks are subject to direct legal regulation. For example, the 1975 decision of the Constitutional Court which permitted private radio and television stations 36 Wealth and power in contemporary Italian business forbade the formation of national networks; Berlusconi circumvented this restriction in part by simultaneously broadcasting the same videotaped programme on all the local stations of each network, but it precluded him from offering a national news programme or live sports events.
These reforms also happened to be a major goal of the unions, as they sought to convert the new wave of militancy into gains more permanent than wage increases that were vulnerable to inﬂation. The large private ﬁrms, then, with Fiat in the lead, were prepared to contemplate a form of neo-corporatist arrangement with the unions; the revision of the scala mobile wage-indexation mechanism in 1975, which Agnelli signed as President of Conﬁndustria, was an earnest of their willingness to deal with their union counterparts.
Foreign ownership is minimal, and the ﬁrms have relatively few manufacturing subsidiaries abroad. g. automobiles, tyres, appliances) are traditional areas of strength for the Italian economy. All exhibit a high degree of concentration; state ownership is not very signiﬁcant, but foreign-owned ﬁrms are important in consumer electronics and appliances. Some of these industries are relatively Wealth and power in contemporary Italian business 29 labour-intensive. ). On the other hand, only the rubber and domestic appliance industries have a strongly positive trade balance.
Business, The State and Economic Policy: The Case of Italy (Routledge Advances in Europeanpolitics) by G. Grant Amyot