After the Three Italies: Wealth, Inequality and Industrial by Michael Dunford

By Michael Dunford

After the 3 Italies develops a brand new political financial system method of the research of comparative local improvement and the territorial department of labour and exemplifies it via an up to date account of Italian commercial swap and neighborhood financial performance.Responds to fresh theoretical debates in fiscal geography, regarding economists, geographers and planners. Builds the rules for a brand new theoretical method of nearby financial improvement and the territorial department of labour. attracts at the result of a up to date ESRC funded examine undertaking, in addition to on a wide variety of professional info units. offers an updated photograph of Italy‘s fiscal functionality and of its fresh improvement relative to different ecu nations and the remainder of the area. Analyses Italy's inner differentiation and its chronic local inequalities. Examines the nearby influence of the hot evolution of the automobile, chemical substances, metal and garments industries. ends up in a brand new and extra advanced photograph of Italian improvement.

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Extra resources for After the Three Italies: Wealth, Inequality and Industrial Change (Rgs-Ibg Book Series)

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The first was a desire to concentrate on economic activities that serve wider markets rather than on the recycling of income within regional economies. The second was to choose sectors that are redeploying at an international scale. The third was to choose sectors in relation to which the authors have detailed survey and interview data. Insofar as the approach is fruitful, it can be extended to other sectors. As far as the regions are concerned, the choices were a result of three considerations.

Third, the fixing of Italy’s exchange rate relative to those of other Euro zone countries prevented further devaluations. As a result, one of the main mechanisms permitting the adaptation and development of the ‘made in Italy’ industries was closed off. Alongside these external factors there were several internal factors. First, the adaptive capacities of SMEs were limited by their small size, limited research and development and limited access to external finance. Second, congestion and other external diseconomies had a strong negative impact on company performance, while collective efforts to support innovation, training and knowledgerelated activities were not sufficiently effective.

Chapter 4 documents trends in economic growth and inequality in Italy. Trends in inequality have received far too little attention in the geographical literature on the new regionalism, yet increased inequality is paradoxically a major feature of the new economic geography. At this stage attention must also be paid to the changing contours of the Italian political scene and Italy’s political economy that were instrumental in shaping recent trends in growth and inequality (Chapter 5). The next step is a disaggregation of these trends in order to identify the performance of individual regional economies and of some components of aggregate demand (Chapter 6) and the contribution to regional performance of particular industries (Chapter 7).

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