Articles by Philip Thomas

A Forecast Philip Thomas Ranjana Pendharkar attempt is made here to forecast the growth in private corporate investment in 1985. Corporate investment includes gross capital expenditure of all companies in the private and joint sectors. The study also sheds n the level and composition of corporate investment in 1984.

A Forecast Philip Thomas Ranjana Pendharkar This paper attempts to make a forecast of the growth in private corporate investment in 1983. Corporate investment is taken to cover groan capital expenditures of all companies in the private mid joint sectors. The study also provides a picture of the level and composition of corporate investment in 1982.

which is not widely known or appreciated abroad is the extent of State domination in the ownership and management of industrial undertakings and financial institutions in the country. Thus two large holding companies, the Industrial Reconstruction Institute (IRI) and the National Petrochemical Institute (ENI) own and manage between them hundreds of companies in the manufacturing and services sectors of the economy, accounting for a substantial part of national production, investment and employment. The extent of State ownership in the financial sector is seen not only in the dominant role of the Institute Mobiliare Italiano (IMI), the Government- owned term lending institution, but also in other term lending, banking and other financial institutions owned and controlled by the Industrial Reconstruction Institute (IRI). Among the companies controlled by IRl/ENI are also such internationally well known ones as Alitalia and Montecatini Edison.

Case for Official Regulation Philip Thomas Should banks be treated like other commercial undertakings and be allowed to settle their buying and selling prices under competitive conditions or should they be treated as a public utility whose pricing should be regulated ?