Italian Regions Facing a New Crisis: Some Opening Remarks
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The paper looks at regional economic structure and performance of Italian regions and reviews some recent contributions focussed on the Italian “Mezzogiorno” with a specific focus on the effect of the 2008 financial crisis and the recent Pandemics (Covid-19) crisis. A comparison between Italy and the rest of the EU indicates a structural difference between the underperforming Italian economy and the rest of the Union due to the specific structure of the Italian economy in terms of sector and firm size and the consequences on strategic and organizational issues of weak small businesses and inefficient medium and large enterprises. Moreover, the subordinate positioning of Italian firms in global value chains has been also identified as one of the reasons behind their poor performance in terms of productivity. Since “space matters”, when designing policies, decision makers should consider the role that agglomeration process and the improvement of quality of supra-regional infrastructures may play in the development of more advances regions, while allowing some trickling-down towards low-performing regions.
keywordsRegional Development, Economic policies, Economic structure.
Authors biographyMario A. Maggioni, Dipartimento di Economia internazionale, delle istituzioni e dello sviluppo, Università Cattolica del Sacro Cuore. Email: firstname.lastname@example.org.
Francesco Timpano, Dipartimento di Scienze economiche e sociali, Università Cattolica del Sacro Cuore. Email: email@example.com.
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