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Italian Regions Facing a New Crisis: Some Opening Remarks

Author

Listed:
  • Mario A. Maggioni

    (Università Cattolica del Sacro Cuore)

  • Francesco Timpano

    (Università Cattolica del Sacro Cuore)

Abstract

The paper looks at regional economic structure and performance of Italian regions and reviews some recent contributions focussed on the Italian "Mezzogiorno" with a specific focus on the effect of the 2008 financial crisis and the recent Pandemics (Covid-19) crisis. A comparison between Italy and the rest of the EU indicates a structural difference between the underperforming Italian economy and the rest of the Union due to the specific structure of the Italian economy in terms of sector and firm size and the consequences on strategic and organizational issues of weak small businesses and inefficient medium and large enterprises. Moreover, the subordinate positioning of Italian firms in global value chains has been also identified as one of the reasons behind their poor performance in terms of productivity. Since "space matters", when designing policies, decision makers should consider the role that agglomeration process and the improvement of quality of supra-regional infrastructures may play in the development of more advances regions, while allowing some trickling-down towards low-performing regions.

Suggested Citation

  • Mario A. Maggioni & Francesco Timpano, 2021. "Italian Regions Facing a New Crisis: Some Opening Remarks," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 129(2), pages 85-90.
    • Handle: RePEc:vep:journl:y:2021:v:129:i:2:p:85-90
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    More about this item

    Keywords

    Regional Development; Economic policies; Economic structure;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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