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A Critical Exploration of the Reason Behind Italy’s Economic Recession since 1999

In: Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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  • Yutian Zhu

    (University of Manchester)

Abstract

Italy was a successful economy for forty years after the Second war and was one of the countries with rapid industrial development. But by the mid-1990s economic growth rates began to decline and continued to fall over time, which puts the economic growth of Italy in an undesirable position. This study will discuss the factors behind Italy's recession from three aspects by analyzing the impact of the European Union on the Italian economy as well as Italy's own economic policies in the context of the literature and some of the available data. This study firstly goes through history of Italy's economic development from 1950 to nowadays. Then the negative impacts of entering European Union on Italian economy is discussed. Thirdly, strict fiscal polices of the Italian market after 1990 are analyzed. Fourthly, social factors within Italy from North-South difference perspective.

Suggested Citation

  • Yutian Zhu, 2023. "A Critical Exploration of the Reason Behind Italy’s Economic Recession since 1999," Advances in Economics, Business and Management Research, in: Hrushikesh Mallick & Gaikar Vilas B. & Ong Tze San (ed.), Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022), pages 1159-1169, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-098-5_131
    DOI: 10.2991/978-94-6463-098-5_131
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