Meritocracy Growth and Lessons from Italy s Economic Decline is popular PDF and ePub book, written by Lorenzo Codogno in 2022-09-25, it is a fantastic choice for those who relish reading online the Economic development genre. Let's immerse ourselves in this engaging Economic development book by exploring the summary and details provided below. Remember, Meritocracy Growth and Lessons from Italy s Economic Decline can be Read Online from any device for your convenience.
Meritocracy Growth and Lessons from Italy s Economic Decline Book PDF Summary
This book draws lessons on the importance of meritocracy for economic growth by analysing Italy's economic decline in the past few decades. Connections, rather than merit, are a long-standing feature of the Italian elites, even in the corporate sector. This became a significant problem when Italy's economy could no longer grow due to imitation, devaluation, and public debt, and faced the challenges of becoming a frontier knowledge-based open economy. This book uses international comparisons on social capital, governance, the role of the public sector, efficiency of the judiciary, education, gender and social inequality, social mobility, corporate standards, financial structures, and more to evaluate Italy's economic performance. It argues that the arrogance of mediocracy is more damaging than that of meritocracy. Italy experienced an economic miracle after the Second World War, and it is still an advanced economy and a member of the G7. Until the 1960s it seemed destined to catch up with the best-performing countries. Then the growth engine stopped, its debt skyrocketed, and Italy became a weaker member of the Eurozone. Many other countries in the world have heavy historical legacies and low social capital, and many others have to make the jump from imitation led growth to endogenous growth. The lessons drawn from studying Italy's case can therefore have important international applications.
Detail Book of Meritocracy Growth and Lessons from Italy s Economic Decline PDF
- Author : Lorenzo Codogno
- Release : 25 September 2022
- Publisher : Oxford University Press
- ISBN : 9780192866806
- Genre : Economic development
- Total Page : 273 pages
- Language : English
- PDF File Size : 20,9 Mb
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