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The Two Souths of Alfredo Del Monte

Author

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  • Giacomo Costa

    (Università di Pisa)

Abstract

Del Monte’s book deals with the convergence among different and heterogeneous areas of a single country. He has adopted a comparative approach: the two less developed areas are the two Souths, Italy, and the USA. Its purpose is to explain the fact that the famous convergence thesis of neo-classical growth theory holds for the American South but not for the Mezzogiorno. In a first approximation, the answer lies in the fact that growth in the South of the USA and the Mezzogiorno followed two different patterns. In the former, the crucial role was played by manufacturing and exports, while in the latter by public expenditure and other fiscal transfers. This explanation needs some further clarifications, which indeed are given in the book. Special attention is given to cultural and institutional as distinct from strictly economic factors in the development processes.

Suggested Citation

  • Giacomo Costa, 2021. "The Two Souths of Alfredo Del Monte," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 129(2), pages 253-262.
    • Handle: RePEc:vep:journl:y:2021:v:129:i:2:p:253-262
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    More about this item

    Keywords

    Developing countries; Regional development; Institutions and growth; Growth convergence;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • N0 - Economic History - - General
    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation

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