Fabio BulfoneLeiden University | LEI · Institute of Public Administration
Fabio Bulfone
Phd
About
23
Publications
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147
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Citations since 2017
Introduction
Skills and Expertise
Publications
Publications (23)
Employer organizations have been presented as strong promoters of the liberalization of industrial relations in Europe. This paper, in contrast, argues that the preferences of employers vis-à-vis liberalization are heterogeneous, and documents how employer organizations in Spain, Italy and Portugal have resisted state-led reforms to liberalize coll...
Contributing to the debate on the state's role in helping domestic firms to internationalize, this paper compares the divergent performance of the Italian and Spanish telecommunications incumbents Telefonica and Telecom Italia (TI). Telefonica has grown since the early 1990s to become one of the largest telecommunications utilities worldwide, while...
Relying on insights from the comparative capitalism debate this paper compares the industrial policy strategies implemented by the Italian and Spanish governments to favor the internationalization of domestic electricity and telecommunications incumbents. It is shown how the cross-sectoral and cross-country variation in the outcome of their industr...
Even when subject to comparable exogenous constraints during the Eurozone crisis and in its immediate aftermath, governments in Southern Europe have pursued distinct labour market reform agendas. What room for manoeuvre did governments of crisis‐struck peripheral countries really have in shaping their labour market reform strategies, and how can we...
The Great Recession renewed calls for a return of state activism in support of the European economy. The widespread nationalizations of ailing companies and the growing activism of national development banks led many to celebrate the re-appearance of industrial policy. Despite this reappraisal, however, comparative political economy (CPE) contribut...
Over fifty years ago Andrew Shonfeld wrote a book, Modern Capitalism, which initiated a new field of inquiry about ‘comparative capitalism.’ His focus was the politics of the mixed economy and its national variants. At the basis of that politics was not just a concern with ‘who gets what’ in a static sense, but also how the various hybrid forms of...
This paper contributes to Comparative Political Economy (CPE), developing an analytical concept of corporate welfare. Corporate welfare-the transfer of public funds and benefits to corporate actors with weak or no conditionality-is a prominent form of state-business relations that CPE scholarship regularly overlooks and misinterprets. Such transfer...
This chapter focuses on Italy and Spain, which both witnessed profound changes in the main features of their financial sectors since 1990. The financial system of both countries was shaken at its foundations by two waves of economic shocks brought about by the European Single Market and Monetary Union and by the European sovereign debt crisis. The...
This chapter explores the transformation of Cassa Depositi e Prestiti (CDP) from a small Directorate-General within the Treasury to a full-fledged National Development Bank charged with channelling credit toward small firms and Mid-Caps, financing infrastructural projects, providing patient liquidity to the treasury and equity investment to strateg...
Employer organizations have been presented as strong promoters of the liberalization of industrial relations in Europe. This paper, in contrast, argues that the preferences of employers vis-à-vis liberalization are heterogeneous, and documents how employer organizations in Spain, Italy and Portugal have resisted state-led reforms to liberalize coll...
The Great Recession renewed calls for a return of state activism in support of the European
economy. The widespread nationalization of ailing companies and the growing activism
of national development banks led many to celebrate the reappearance of industrial policy.
By reviewing the evolution of the goals, protagonists, and policy instruments of i...
Philip Rathgeb (2018) Strong Governments, Precarious Workers: Labor Market Policy in the Era of Liberalization, Ithaca, NY: Cornell University Press, $55.00, pp. 234, hbk. - FABIO BULFONE
This paper links patterns of deregulatory reforms and post-crisis reversals in Italy and Portugal with the electoral constituencies of political parties. Combining insights from the social coalitions and electoral behaviour debates, we link reform outcomes to the class setup of the electorate in the two countries by using the class schema developed...
Democracies without choice? Exogenous pressure, social blocs and labour market reforms in Southern Europe 2010-2017
This article explains the impact of liberalizing legal reforms on corporate practices. The cross-country comparison of five corporate governance indicators shows how the implementation of a similar set of liberalizing reforms had a puzzlingly divergent impact in France, Italy and Spain. An actor-centred coalitional approach is applied to demonstrat...
Con Pertini al Quirinale. Diari 1978–1985, by MaccanicoAntonio, Bologna, Il Mulino, 2014, 600 pp., €36.00 (paperback), ISBN 978-88-15-25099-5 - Volume 21 Issue 2 - Fabio Bulfone
This article explains the process of change in domestic corporate governance. An actor-centred coalitional approach is applied to the Italian case to show how the main features of domestic corporate governance are a product of behavioural patterns (i.e. informal institutions), rather than formal legislation. Leveraging their superior financial mean...
This article explains the process of change in domestic corporate governance. An actor-centred coalitional approach is applied to the Italian case to show how the main features of domestic corporate governance are a product of behavioural patterns (i.e. informal institutions), rather than formal legislation. Leveraging their superior financial mean...
Projects
Project (1)
The global push towards liberalization and privatization altered the institutional structure of the capitalist order, limiting the scope for the implementation of traditional industrial policy measures. Nevertheless, the diffusion of the neo-liberal paradigm did not lead to the abandonment of all industrial policy efforts. In fact, the supranational integration of formerly protected sectors opened up new avenues of foreign investment for the most competitive national champions. Through innovative industrial policy strategies, governments can play a key role in helping the foreign expansion of their domestic firms. This project compares the strategies implemented in Italy, Spain, Hungary, and Poland to favor internationalization and reclaim domestic ownership of firms active in three formerly protected strategic sectors (“staatsnahe Sektoren”): telecommunications, electricity, and banking. It covers the period between the launch of the EU-led process of market integration of service sectors in the 1980s and the recent emergence in Hungary and Poland of populist governments that claim domestic ownership of strategic firms.
