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Company Survey Series Ii: Finmeccanica Amid International Market And State Control: A Survey Of Italian Defence Industry

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  • Raul Caruso
  • Andrea Locatelli

Abstract

Finmeccanica is the eighth largest arms manufacturer on a world scale. The article explains and discusses its recent evolution. In particular, we discuss the broader privatisation programme implemented by the government as a response to the 1992 financial crisis. Finally, we will present our conclusions on how the interplay of domestic factors and external pressures accounts for Finmeccanica’s peculiar trends. This result, especially Finmeccanica’s performance, is the consequence of a deep transformation occurred in the past 10--15 years in both the industrial base and national defence policy. The two processes appear to be somehow interrelated.

Suggested Citation

  • Raul Caruso & Andrea Locatelli, 2013. "Company Survey Series Ii: Finmeccanica Amid International Market And State Control: A Survey Of Italian Defence Industry," Defence and Peace Economics, Taylor & Francis Journals, vol. 24(1), pages 89-104, February.
    • Handle: RePEc:taf:defpea:v:24:y:2013:i:1:p:89-104
    DOI: 10.1080/10242694.2011.635952
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    References listed on IDEAS

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    1. Friedrich Schneider, 2003. "Privatisation in OECD Countries: Theoretical Reasons and Results Obtained," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 1(03), pages 24-29, February.
    2. Ben D. MacArthur & Richard O. C. Oreffo, 2005. "Bridging the gap," Nature, Nature, vol. 433(7021), pages 19-19, January.
    3. Friedrich Schneider, 2003. "Privatisation in OECD Countries: Theoretical Reasons and Results Obtained," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 1(3), pages 24-29, 02.
    4. Brauer, Jurgen, 2007. "Arms Industries, Arms Trade, and Developing Countries," Handbook of Defense Economics, in: Keith Hartley & Todd Sandler (ed.), Handbook of Defense Economics, edition 1, volume 2, chapter 30, pages 973-1015, Elsevier.
    5. Andrea Goldstein, 2003. "Privatization in Italy 1993-2002: Goals, Institutions, Outcomes, and Outstanding Issues," CESifo Working Paper Series 912, CESifo.
    6. repec:ces:ifodic:v:1:y:2003:i:3:p:14567922 is not listed on IDEAS
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    Cited by:

    1. J. Paul Dunne & Ron P. Smith, 2016. "The evolution of concentration in the arms market," Economics of Peace and Security Journal, EPS Publishing, vol. 11(1), pages 12-17, April.

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