Italy between a disaster and a new development strategy

Natura: Monografia - Materiale testuale - Risorsa elettronica
Descrizione: Italy between a disaster and a new development strategy / Francesco Pastore. - Dati testuali elettronici. - Bonn : IZA, 2020. - (IZA Policy paper ; 167)
Sommario/Abstract: Italy has probably been one of the first ships to cross the storm of the pandemic, soon after Wuhan in China, and one of the worst performers with a GDP fall of -10% in 2020. The reason is that the pandemic recession has drawn on old structural problems, which already before the pandemic made the country one of the worst performers in terms of growth rates in Europe in the last 20 years. The evils of Italy are well known. It is the second biggest manufacturer in Europe, but also among the most traditional ones. Made in Italy, despite moving up in terms of quality and skilled content, still remains the most exposed to the competition from emerging market economies. The crisis was already ongoing when Italy joined the euro currency, and the strong currency made things worse. The necessary industrial upgrading from traditional manufacturing to the new branches of industry would have required strong public investment in infrastructure, which were not allowed or not possible due to the Maastricht Treaty of 1993, the economic and financial crisis at the end of the 2000s, and the Fiscal compact of 2012. The pandemic has changed the mind of the European Union (EU) governance.
Collezione: [Fa parte di] IZA Policy paper ; 167 [Vai al dettaglio]
Pastore, Francesco -  [Responsabilit√† principale] -  [Autore]
Termine di thesauro:
Fondi strutturali
Sviluppo economico
[Classificazione Decimale Dewey] 338.945 - Produzione. Sviluppo e crescita economica. Italia
Paese pubblicazione: Germania
Lingua: Inglese
ID scheda: 23197
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