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Decline or Transformation? Assessing the Health of Italian Industry

Author

Listed:
  • Fulvio Coltorti

Abstract

The purpose of this article is to establish a micro- and macro-framework to interpret the problems correctly and offer some solutions for long-term growth. The latter should be seen in the context of a transformation process brought on, on the one hand, by the crisis in large-scale enterprise, and on the other by the emergence of a new class of medium-sized businesses, dubbed the "fourth capitalism". The new production structure originates largely from local production systems, is familyowned and tends to borrow little, operates in networks and retains its local roots, which is precisely why it represents a new and efficient engine of Italian growth.

Suggested Citation

  • Fulvio Coltorti, 2012. "Decline or Transformation? Assessing the Health of Italian Industry," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 2, June.
  • Handle: RePEc:rar:journl:0235
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    More about this item

    Keywords

    Development; Eurozone; Measurement of economic growth; Fourth capitalism; Industrial districts; Large enterprises;

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O17 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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