La convergenza interrotta : il percorso dell'economia italiana allo specchio della Francia (1948-2008)
185-200 p.
The essay reviews the development of republican Italy, from the post-world war II Reconstruction to the last economic crisis, in a partly original light, the comparison with France. The long convergence of Italy came to a halt around the mid-1990s. With respect to France, significant Italian idiosyncrasies persist: the poor performance of public administration and justice; the weakness of the education and innovation system. These structural features are in line with an industrial structure specialized in medium- and low-tech sectors, and characterized by small-medium enterprises, which was more affected by the labor cost competition engaged in second globalization by the emerging countries. The French mirror can help to explain a lot about Italy's recent decline. [Publishers' text].
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ISSN: 1594-3755
KEYWORDS
- Long-run growth, Globalization, Convergence, Economic history of Italy, Development model, Economic decline