The Golden Share: A Historical and Strategic Examination

This chapter explores the golden share concept, focusing on its historical applications in Europe during the 1990s and early 2000s, particularly in telecommunications and electricity sectors. It discusses the balance between government intervention and competition law, using examples from Italy and Spain, while also comparing these strategies with the U.S. approach. The chapter highlights the implications of golden shares for industrial policy, emphasizing the need for a strategic alignment between private interests and public goals.