Italy: The Sheltered Economy: Structural Problems in the Italian Economy

ISBN-13: 9780198287483 / Angielski / Twarda / 1993 / 272 str.

Fiorella P. Schioppa; Fiorella Padoa-Schioppa; Schioppa Padoa

Opis

Based on the results of a three year empirical study analyzing the Italian economy, this work focuses on the role of state and private economic agents. Italy has a huge and interventionist governmental economic policy. Professor Padoa Schioppa Kostoris argues that much of this state action and regulation is irrational and counter-efficient. She further argues that the Italian economy is also characterized by a large and efficient black market, so that much of the private sector already evades state control. Since de facto deregulation therefore exists to a large extent, Kostoris calls for legal deregulation and privatization. She convincingly argues that a decrease in and an altered character of state action will enable the Italian economy to achieve higher growth, and to reconcile the goals of efficiency and public interest.

Recenzje

'a special monograph ... The book is actually the synopsis of a very wide research project developed in Italy by a large number of economists coordinated by the author ... it will be very helpful, both for students of applied economics and for scholars interested in understanding how the Italian economy has been steered during the last 20 years of the 'first republic'.' Paolo Onofri, University of Bologna, Economica, Vol. 61, No. 244, November 1994