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Author: Michele Sabatino Publisher: ISBN: Category : Languages : en Pages :
Book Description
Italy went through the economic crisis intensified after World War II to the present day. Compared to 2007, GDP fell by more than 7 percentage points. The industry is the sector where the decline in production, both in the manufacturing component is in one of the buildings, was stronger. It is a decline that is impacting negatively on the production potential and future prospects of the Italian economy but also on the potential recovery of Southern Italy. The crisis of the industrial system reflects the difficulties of the Italian economy to adapt to the major changes that have affected the international economic environment in the last two decades and that the economic crisis has radicalized: the process of globalization and integration of real and financial markets; European integration, which culminated in the introduction of the Euro; change of technological paradigm initiated by new information and communications technology. Three factors have resulted in a sharp and sudden increase in competitive pressure. The Italian production system failed to react quickly partly because of structural problems that afflict him for too long now. In this situation of structural disadvantage was added, finally, the weakness of domestic demand in the last decade, as a result of tensions in the credit market and the public finance policies, has culminated in a significant contraction. This process of de-industrialization and marginalization of the economy of Southern Italy must be opposed to start a real recovery of competitiveness. To do whatever is necessary to support appropriate public policies that can have a positive effect on the entire Italian economic system. With this target the present paper briefly describes the evolution, especially recently, the Italian industrial system. It examines, first, the global environment and the state of competitiveness of the Southern Italy industrial sector and, subsequently, the main factors that affect competitiveness. It plots, finally, some reflections and working hypotheses for the economic and industrial policy.
Author: Michele Sabatino Publisher: ISBN: Category : Languages : en Pages :
Book Description
Italy went through the economic crisis intensified after World War II to the present day. Compared to 2007, GDP fell by more than 7 percentage points. The industry is the sector where the decline in production, both in the manufacturing component is in one of the buildings, was stronger. It is a decline that is impacting negatively on the production potential and future prospects of the Italian economy but also on the potential recovery of Southern Italy. The crisis of the industrial system reflects the difficulties of the Italian economy to adapt to the major changes that have affected the international economic environment in the last two decades and that the economic crisis has radicalized: the process of globalization and integration of real and financial markets; European integration, which culminated in the introduction of the Euro; change of technological paradigm initiated by new information and communications technology. Three factors have resulted in a sharp and sudden increase in competitive pressure. The Italian production system failed to react quickly partly because of structural problems that afflict him for too long now. In this situation of structural disadvantage was added, finally, the weakness of domestic demand in the last decade, as a result of tensions in the credit market and the public finance policies, has culminated in a significant contraction. This process of de-industrialization and marginalization of the economy of Southern Italy must be opposed to start a real recovery of competitiveness. To do whatever is necessary to support appropriate public policies that can have a positive effect on the entire Italian economic system. With this target the present paper briefly describes the evolution, especially recently, the Italian industrial system. It examines, first, the global environment and the state of competitiveness of the Southern Italy industrial sector and, subsequently, the main factors that affect competitiveness. It plots, finally, some reflections and working hypotheses for the economic and industrial policy.
Author: Arkebe Oqubay Publisher: Oxford University Press, USA ISBN: 0198862423 Category : Business & Economics Languages : en Pages : 981
Book Description
Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.
Author: Murat A. Yülek Publisher: Springer ISBN: 9811305684 Category : Business & Economics Languages : en Pages : 304
Book Description
This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps. Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages. Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.
Author: Greg Clark Publisher: European Investment Bank ISBN: 9286138784 Category : Business & Economics Languages : en Pages : 124
Book Description
By the end of this century, 9 out of 10 Europeans will live in an urban area. But what kind of city will they call home? You'll find all the answers in CITY, TRANSFORMED, the new essay series from the European Investment Bank. This panoramic first essay in the series lays out a great sweeping history of European cities over the last fifty years—and showcases new directions being taken by some of our most innovative cities. Urban experts Greg Clark, Tim Moonen, and Jake Nunley based at University College London take a definitive look at how Europe's cities transformed from post-industrial decline to thriving metropolises that are as prosperous and liveable as anywhere on Earth.
Author: Manoj Atolia Publisher: International Monetary Fund ISBN: 1484377494 Category : Business & Economics Languages : en Pages : 49
Book Description
This paper takes a fresh look at the current theories of structural transformation and the role of private and public fundamentals in the process. It summarizes some representative past and current experiences of various countries vis-a-vis structural transformation with a focus on the roles of manufacturing, policy, and the international environment in shaping the trajectory of structural transformation. The salient aspects of the current debate on premature deindustrialization and its relation to a middle-income trap are described as they relate to the path of structural transformation. Conclusions are drawn regarding prospective future paths for structural transformation and development policies.
Author: Reda Cherif Publisher: International Monetary Fund ISBN: 1498305563 Category : Business & Economics Languages : en Pages : 79
Book Description
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability.
Author: Ian Bruff Publisher: Routledge ISBN: 100071246X Category : Business & Economics Languages : en Pages : 232
Book Description
Authoritarian Neoliberalism explores how neoliberal forms of managing capitalism are challenging democratic governance at local, national and international levels. Identifying a spectrum of policies and practices that seek to reproduce neoliberalism and shield it from popular and democratic contestation, contributors provide original case studies that investigate the legal-administrative, social, coercive and corporate dimensions of authoritarian neoliberalism across the global North and South. They detail the crisis-ridden intertwinement of authoritarian statecraft and neoliberal reforms, and trace the transformation of key societal sites in capitalism (e.g. states, households, workplaces, urban spaces) through uneven yet cumulative processes of neoliberalization. Informed by innovative conceptual and methodological approaches, Authoritarian Neoliberalism uncovers how inequalities of power are produced and reproduced in capitalist societies, and highlights how alternatives to neoliberalism can be formulated and pursued. The book was originally published as a special issue of Globalizations.
Author: Nicholas Bloom Publisher: ISBN: Category : Languages : en Pages : 0
Book Description
Many critics of free-market liberalism argue that higher product-market competition and the "Anglo-Saxon" management practices it stimulates increases productivity only at the expense of employees' work-life balance (WLB). The empirical basis of these claims is unclear. To address this issue we use an innovative survey tool to collect the first international data on management practices and work-life balance practices, surveying 732 medium sized manufacturing firms in the US, France, Germany and the UK. We find that WLB outcomes are significantly associated with better management, so that well run firms are both more productive and better for their employees. After controlling for management practices, however, we find no additional relationship between WLB and productivity. WLB practices are also not reduced by tougher competition, suggesting no deleterious effect of competition on employees' working environment. Finally, looking at multinationals we find that US subsidiaries in Europe adopt the superior management practices of their US parent firms but the local WLB practices of their European competitors.
Author: Patrizio Bianchi Publisher: Edward Elgar Publishing ISBN: 1786430320 Category : Business & Economics Languages : en Pages : 209
Book Description
This book offers a critical reflection on the meaning and expected impact of the fourth industrial revolution, and its implications for industrial policy. Industrial revolutions are considered not only in terms of technological progress, but also in the context of the changing relationship between market and production dynamics, and the social and political conditions enabling the development of new technologies. Industrial Policy for the Manufacturing Revolution aims to increase our capacity to anticipate and adapt to the forthcoming structural changes. A concrete illustration of this industrial policy is provided through an experience of its implementation at regional level.
Author: Robert C. Allen Publisher: OUP Oxford ISBN: 019162053X Category : Business & Economics Languages : en Pages : 192
Book Description
Why are some countries rich and others poor? In 1500, the income differences were small, but they have grown dramatically since Columbus reached America. Since then, the interplay between geography, globalization, technological change, and economic policy has determined the wealth and poverty of nations. The industrial revolution was Britain's path breaking response to the challenge of globalization. Western Europe and North America joined Britain to form a club of rich nations by pursuing four polices-creating a national market by abolishing internal tariffs and investing in transportation, erecting an external tariff to protect their fledgling industries from British competition, banks to stabilize the currency and mobilize domestic savings for investment, and mass education to prepare people for industrial work. Together these countries pioneered new technologies that have made them ever richer. Before the Industrial Revolution, most of the world's manufacturing was done in Asia, but industries from Casablanca to Canton were destroyed by western competition in the nineteenth century, and Asia was transformed into 'underdeveloped countries' specializing in agriculture. The spread of economic development has been slow since modern technology was invented to fit the needs of rich countries and is ill adapted to the economic and geographical conditions of poor countries. A few countries - Japan, Soviet Russia, South Korea, Taiwan, and perhaps China - have, nonetheless, caught up with the West through creative responses to the technological challenge and with Big Push industrialization that has achieved rapid growth through investment coordination. Whether other countries can emulate the success of East Asia is a challenge for the future. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
Author: Michele Sabatino
Author: Michele Sabatino
Author: Arkebe Oqubay
Author: Murat A. Yülek
Author: Greg Clark
Author: Manoj Atolia
Author: Reda Cherif
Author: Ian Bruff
Author: Nicholas Bloom
Author: Patrizio Bianchi
Author: Robert C. Allen