By Mario Baldassarri
Over the last few a long time, monetary improvement in Italy has been tumultuous and, in lots of methods, contradictory. It was once in the course of those years that Italy turned a powerful and sleek business strength and ranked one of the six such a lot constructed international locations on the earth. This booklet analyzes Italian commercial improvement and commercial monetary coverage, and defines Italy's strategic place as she faces the unconventional overseas adjustments of the Nineties.
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Extra resources for Industrial Policy in Italy, 1945–90
This can hardly be considered surprising. That the system should degenerate into an approach merely based on aid was more or less to be expected, since restructuring was widely understood to mean the bailout of firms at any cost. Also deserving of mention is the fact that more sophisticated observes pointed at the lack of legislation providing for special ( 14) This refers to Laws 184 of 22. March 1971, of I December 1971, and 464 of 8 August 1974. For further information, see PoNTAROLLO . Forty-Five Years of Industrial Policy ecc.
In the 1950s, debate on the safeguarding of competition was just beginning in Italy. In spite of their differing perspectives, the draft bills proposed as a result unanimously supported the view that antitrust laws should not impede the development of Italian industry (2). Thus, a blatant contradiction existed. Although competition was acknowledged as being central to economic change, increased state involvement was nonetheless encouraged to ensure balanced development. The paradox extended even to the draft bills proposed.
Dualism was then summarily dispensed with wherever possible. 2. - The Reconstruction Phase The overall characteristics of Italian industrial policy (summarized above) were already manifest during the reconstruction phase. An analysis of Italian government intervention of the period clearly reveals the absence of a long-term plan for industrial policy and the "administrative parcelling" involved in the management of intervention measures. In addition, this was the period which saw the expansion of public-sector firms.
Industrial Policy in Italy, 1945–90 by Mario Baldassarri