La crescita in Italia dopo l’euro: quali riforme?
[Growth in Italy after the euro: which reforms?]
In Italy the rate of growth of GDP has declined over the period 2000-2006, after joining the single currency. The decrease is not incidental, but it has a structural and long-term nature, so this decrease relates to the potential growth. This weakening of growth takes place in an international economic context in which globalization has increased competitive pressures in product markets, capital markets, but also in the labor market. Italy still needs some structural reforms to become a full member in Europe. The present paper examines and discusses some arguments regarding the causes of the low growth of the Italian economy after joining the single currency and focuses on the possible structural reforms affecting the labor market, taxation, the expansion of supply factors with the relative issues concerning the role of the state, privatization and liberalization.
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