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Regional Implications of Industrial Policy: The Italian Case*

Published online by Cambridge University Press:  28 November 2008

Riccardo Faini
Affiliation:
Department of Economics, University of Essex
Fabio Schiantarelli
Affiliation:
Department of Economics, University of Southampton

Abstract

Prior to 1974/5 the industrial problem of Italy was clearly seen as that of trying to industrialise the South. However, the end of cheap labour and cheap energy meant that Mezzogiomo industrialisation could no longer be seen in isolation from the rest of the country. Underpinning the new policy was the compromise set of measures approved at the end of 1977 to deal with the problem of ‘industrial reconversion and restructuring’. It is not clear that the more general approach now in effect adds up to a coherent industrial strategy. However, a quantitative evaluation of past investment policies reveals a considerable flexibility in the policy response to the new economic conditions.

Type
Research Article
Copyright
Copyright © Cambridge University Press 1983

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