Convergence interrupted. The path of the Italian economy to the mirror of France (1948-2008)

Author/s Emanuele Felice
Publishing Year 2018 Issue 2018/42
Language Italian Pages 16 P. 185-200 File size 337 KB
DOI 10.3280/XXI2018-042011
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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.

Keywords: Long-run growth; Globalization; Convergence; Economic history of Italy; Development model; Economic decline.

Emanuele Felice, La convergenza interrotta. Il percorso dell’economia italiana allo specchio della Francia (1948-2008) in "VENTUNESIMO SECOLO" 42/2018, pp 185-200, DOI: 10.3280/XXI2018-042011