The Italian Patient in 2016: Weak but not poor
Date
Authors
Dieter, Heribert
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
Italy has been struggling with weak economic performance for the better part of a decade. Since
2007, the economy has not returned to a path of robust growth. The Italian economy is suffering
from a triple-dip recession, and a solution seems far away. Despite this lasting stagnation, there
have been only limited economic reforms. For some outside observers, Italian society seems to
be longing for a return to the 1970s, the days of television personality Ugo Fantozzi: a cosy life
without major turbulence. But to expect that Italy, or the European Union, will be able to return
to the sheltered life of the past is wishful thinking. Italy is facing a choice: it will either embrace
globalisation � with all its disadvantages, job losses in uncompetitive industries for instance � or
it will have to opt for a more sheltered, but probably poorer path of economic development. If
Italian society chooses the former, it will require a radical overhaul of the Italian economy.
Description
Keywords
Citation
Collections
Source
Type
Working/Technical Paper
Book Title
Entity type
Access Statement
Open Access via publisher website