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Global strategies, differing experiences. Electricity companies in two late-industrialising countries: Spain and Argentina, 1890-1950

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  • Norma S. Lanciotti
  • Isabel Bartolom�

Abstract

The article compares the performance and profitability rates of electric utility firms in Spain and Argentina from the early period of global electrification to the period following World War 2. It aims to analyse the relationship between the investment strategies of international electricity companies and local conditions in two late-industrialising countries, and evaluate its impact on the structure and development of both electric utility systems. The study finds similar long-term trends in profitability as a result of the global strategies of multinational holding companies; nonetheless profitability rates varied greatly from one country to another. Rates were higher in Argentina as foreign firms controlled large systems in most dynamic urban areas. In contrast, the increasing investment of local firms in electric utilities paved the way to a less profitable but more equitable electricity system in Spain.

Suggested Citation

  • Norma S. Lanciotti & Isabel Bartolom�, 2014. "Global strategies, differing experiences. Electricity companies in two late-industrialising countries: Spain and Argentina, 1890-1950," Business History, Taylor & Francis Journals, vol. 56(5), pages 724-745, July.
    • Handle: RePEc:taf:bushst:v:56:y:2014:i:5:p:724-745
    DOI: 10.1080/00076791.2013.837892
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    References listed on IDEAS

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    1. Rosés, Joan R., 2008. "Long-run Estimates of Physical Capital in Spain, 1850-2000," IFCS - Working Papers in Economic History.WH wp08-07, Universidad Carlos III de Madrid. Instituto Figuerola.
    2. Geoffrey Jones, 2010. "Multinational Strategies and Developing Countries in Historical Perspective," Harvard Business School Working Papers 10-076, Harvard Business School.
    3. Wrigley,E. A., 1990. "Continuity, Chance and Change," Cambridge Books, Cambridge University Press, number 9780521396578, October.
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