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Meritocracy, Growth, and Lessons from Italy's Economic Decline
- Lobbies (and Ideologies) Against Competition and Talent
Engelsk Hardback
Meritocracy, Growth, and Lessons from Italy's Economic Decline
- Lobbies (and Ideologies) Against Competition and Talent
Engelsk Hardback

898 kr
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Om denne bog
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.
Product detaljer
Sprog:
Engelsk
Sider:
272
ISBN-13:
9780192866806
Indbinding:
Hardback
Udgave:
ISBN-10:
019286680X
Kategori:
Udg. Dato:
27 sep 2022
Længde:
22mm
Bredde:
165mm
Højde:
240mm
Forlag:
Oxford University Press
Oplagsdato:
27 sep 2022
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