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The Italian Transition 1989-1994: A View from Abroad

Author

Listed:
  • Fabio Masini
  • Albertina Nania
  • Veronica Sacco

Abstract

How did the international economic circles look at the multiple crises that Italy faced between 1989 and 1994? This paper provides a tentative answer to this question by reconstructing the comments published in The Economist during that period concerning the most relevant Italian events: the mafia and Camorra massacres, the referendum and electoral changes, the crisis of the development model based on corporate and familistic capitalism, privatizations (promised and never fully implemented, at least not as the international markets would have hoped). Through the analysis of those years, we shall highlight the critical issues of a country that, seen from the outside, missed the opportunity for its modernization.

Suggested Citation

  • Fabio Masini & Albertina Nania & Veronica Sacco, 2024. "The Italian Transition 1989-1994: A View from Abroad," HISTORY OF ECONOMIC THOUGHT AND POLICY, FrancoAngeli Editore, vol. 2024(2), pages 119-138.
    • Handle: RePEc:fan:spespe:v:html10.3280/spe2024-002006
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    References listed on IDEAS

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    1. Francesco Giavazzi & Marco Pagano, 1990. "Can Severe Fiscal Contractions Be Expansionary? Tales of Two Small European Countries," NBER Chapters, in: NBER Macroeconomics Annual 1990, Volume 5, pages 75-122, National Bureau of Economic Research, Inc.
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    More about this item

    JEL classification:

    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations

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