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Economic growth and corporate renewal

Author

Listed:
  • Guido M. Rey

    () (Scuola Superiore Sant’Anna, Pisa)

  • Riccardo Varaldo

    () (Scuola Superiore Sant’Anna, Pisa)

Abstract

To address competition from Emerging and Industrialized Countries it is necessary for Italian companies to face structural and financial reforms. Structural reforms will affect and improve processes, products. They will upgrade knowledge transfer. At the same time, financial reforms are necessary to adjust firms’ dimensions with what markets and international competition require. A movement in the right direction is the rise of innovative medium firms. These corporations are spreading through affiliation networks which improve the systemic efficiency and that are responsible for the progressive deep changes in the industry. Italy’s growth strategy will call for appropriate industrial policies and supported by a widespread socioeconomic consensus.

Suggested Citation

  • Guido M. Rey & Riccardo Varaldo, 2011. "Economic growth and corporate renewal," Working Papers 201101, Scuola Superiore Sant'Anna of Pisa, Istituto di Management.
  • Handle: RePEc:sse:wpaper:201101
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    Keywords

    internationalization; technological change; international trade; emerging countries.;

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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