The Italian economic crisis and the proposal of the state as innovator of first resort
This paper deals with the long Italian economic crisis after the so-called “economic miracle”. The article reconstructs Italy's economic history and policies implemented from the 1970s until 2008, and then shows the effects of the 2008 crisis on the Italian economy. It critically discusses the...
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| Main Authors: | , |
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| Format: | Online |
| Language: | Portuguese |
| Published: |
Universidade Estadual de Campinas
2019
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| Subjects: | |
| Online Access: | https://econtents.sbu.unicamp.br/inpec/index.php/rbest/article/view/12657 |
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| Summary: | This paper deals with the long Italian economic crisis after the so-called “economic miracle”. The article reconstructs Italy's economic history and policies implemented from the 1970s until 2008, and then shows the effects of the 2008 crisis on the Italian economy. It critically discusses the policies implemented to address the crisis, in particular labour policies such as wage moderation, the weakening of collective bargaining and the deskilling labour supply, achieved also through continued fund reductions for public universities and research. Moreover, it analyses the dynamics of labour force and wages from 2008 to 2018. Taking into account the long economic stagnation and the current Italian productive structure, it concludes that Italy needs to rethink its industrial policies, considering the State as the innovator of first resort. |
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| ISSN: | 2674-9564 |
