Meritocracy Growth And Lessons From Italy S Economic Decline


Meritocracy Growth And Lessons From Italy S Economic Decline
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Meritocracy Growth And Lessons From Italy S Economic Decline


Meritocracy Growth And Lessons From Italy S Economic Decline
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Author : Lorenzo Codogno
language : en
Publisher: Oxford University Press
Release Date : 2022-09-25

Meritocracy Growth And Lessons From Italy S Economic Decline written by Lorenzo Codogno and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-25 with Economic development categories.


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.



Meritocracy Growth And Lessons From Italy S Economic Decline


Meritocracy Growth And Lessons From Italy S Economic Decline
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Author : Lorenzo Codogno
language : en
Publisher: Oxford University Press
Release Date : 2022-09-05

Meritocracy Growth And Lessons From Italy S Economic Decline written by Lorenzo Codogno and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-09-05 with Business & Economics categories.


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.



Political Economy Of Contemporary Italy


Political Economy Of Contemporary Italy
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Author : Nicolò Giangrande
language : en
Publisher: Routledge
Release Date : 2021-09-16

Political Economy Of Contemporary Italy written by Nicolò Giangrande and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-16 with Business & Economics categories.


Drawing on Kaleckian and Kaldorian approaches, Political Economy of Contemporary Italy: The Economic Crisis and State Intervention explores the reasons behind the stagnation of the Italian economy from the 1970s and suggests policy solutions to ease the crisis. The central thesis of the book is that from the early 1990s Italy experienced a constant reduction of both private and public investment which, combined with increasing labour precariousness and wage moderation, contributed to the decline of both labour productivity and economic growth. It is argued that lack of industrial policies amplified the problem of the poor macroeconomic performance, since Italian firms – small-sized and non-innovating – were incapable of staying competitive on the global scene. Net exports did not compensate for the decline of public spending, private investment and consumption. It is also shown that, in these respects, Italy presents an interesting case study with wider ramifications for it was involved in the global process of intensifying the neoliberal agenda but at a faster rate than other OECD countries. The book concludes with a call for an alternative economic policy in order to promote innovation, reduce unemployment and stimulate economic growth. This book marks a significant contribution to the literature on the recent history of the European economy, Italian studies and the history of economic thought.



Oecd Economic Surveys Italy 2024


Oecd Economic Surveys Italy 2024
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2024-01-22

Oecd Economic Surveys Italy 2024 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-22 with categories.


Italy has weathered recent crises well. A strong fiscal policy response, enhanced competitiveness and improved banking sector health have supported growth in recent years.



The Rise And Fall Of The Italian Economy


The Rise And Fall Of The Italian Economy
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Author : Carlo Bastasin
language : en
Publisher: Cambridge University Press
Release Date : 2023-09-07

The Rise And Fall Of The Italian Economy written by Carlo Bastasin and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-07 with Business & Economics categories.


Carlo Bastasin and Gianni Toniolo provide a much-needed, up-to-date economic history of Italy from unification in 1861 to the present day. They show how, thirty years after unification, Italy began a long phase of convergence with more advanced economies so that by the late twentieth century Italy's per capita income reached the levels of Germany, France and the UK. From the mid-1990s, however, the Italian economy declined first in relative and then absolute terms. The authors describe the intertwined financial and institutional crises that eroded trust in the political system and in the economy at the exact juncture when new technologies and markets transformed the global economy. Longstanding problems of uneven levels of education and obsolete bureaucratic and judicial practices deepened the division between economically vibrant regions and the rest, causing polarization, political instability and rising public debt. Italy's contemporary malaise makes the country a test-case for understanding the implications of protracted declines in productivity and the flattening of GDP growth for the stability of western democracies, resulting in populism, mistrust and political instability.



Coloniality And Meritocracy In Unequal Eu Migrations


Coloniality And Meritocracy In Unequal Eu Migrations
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Author : Simone Varriale
language : en
Publisher: Policy Press
Release Date : 2023-04-28

Coloniality And Meritocracy In Unequal Eu Migrations written by Simone Varriale and has been published by Policy Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-04-28 with Social Science categories.


This book rethinks meritocracy as a form of coloniality, namely, a social imaginary that reproduces narratives of ethnic and racial difference between European centres and peripheries, and between Europe and its others. Drawing on interviews with working and middle class, white and Black Italians who moved to Britain after the 2008 economic crisis, the book explores the narratives of Northern meritocracy and Southern backwardness that inform migrants' motivations for moving abroad, and how these narratives are experienced within classed, racialised and gendered migrations. Connecting decolonial theory with the sociology of Pierre Bourdieu, this book provides innovative insights into the relationships between meritocracy, coloniality and European whiteness, and into the social stratification of EU migrations.



The Tyranny Of Merit


The Tyranny Of Merit
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Author : Michael J. Sandel
language : en
Publisher: Penguin UK
Release Date : 2020-09-10

The Tyranny Of Merit written by Michael J. Sandel and has been published by Penguin UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-09-10 with Political Science categories.


A TLS, GUARDIAN AND NEW STATESMAN BOOK OF THE YEAR 2020 The new bestseller from the acclaimed author of Justice and one of the world's most popular philosophers "Astute, insightful, and empathetic...A crucial book for this moment" Tara Westover, author of Educated These are dangerous times for democracy. We live in an age of winners and losers, where the odds are stacked in favour of the already fortunate. Stalled social mobility and entrenched inequality give the lie to the promise that "you can make it if you try". And the consequence is a brew of anger and frustration that has fuelled populist protest, with the triumph of Brexit and election of Donald Trump. Michael J. Sandel argues that to overcome the polarized politics of our time, we must rethink the attitudes toward success and failure that have accompanied globalisation and rising inequality. Sandel highlights the hubris a meritocracy generates among the winners and the harsh judgement it imposes on those left behind. He offers an alternative way of thinking about success - more attentive to the role of luck in human affairs, more conducive to an ethic of humility, and more hospitable to a politics of the common good.



Vocational Education And Training In Times Of Economic Crisis


Vocational Education And Training In Times Of Economic Crisis
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Author : Matthias Pilz
language : en
Publisher: Springer
Release Date : 2016-12-20

Vocational Education And Training In Times Of Economic Crisis written by Matthias Pilz and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-12-20 with Education categories.


This book brings together a broad range of approaches and methodologies relevant to international comparative vocational education and training (VET). Revealing how youth in transition is affected by economic crises, it provides essential insights into the strengths and weaknesses of the various systems and prospects of VET in contexts ranging from North America to Europe, (e.g. Spain, Germany or the UK) to Asia (such as China, Thailand and India). Though each country examined in this volume is affected by the economic crisis in a different way, the effects are especially apparent for the young generation. In many countries the youth unemployment rate is still very high and the job perspectives for young people are often limited at best. The contributions in this volume demonstrate that VET alone cannot solve these problems, but can be used to support a smooth transition from school to work. If the quality of VET is high and the status and job expectations are good, VET can help to fill the skills gap, especially at the intermediate skill level. Furthermore, VET can also offer a realistic alternative to the university track for young people in many countries.



The Aristocracy Of Talent


The Aristocracy Of Talent
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Author : Adrian Wooldridge
language : en
Publisher: Penguin UK
Release Date : 2021-06-03

The Aristocracy Of Talent written by Adrian Wooldridge and has been published by Penguin UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-03 with Social Science categories.


THE TIMES BOOK OF THE YEAR *Shortlisted for the 2021 Financial Times and McKinsey & Company Business Book of the Year Award* 'This unique and fascinating history explains why the blame now being piled upon meritocracy for many social ills is misplaced-and that assigning responsibilities to the people best able to discharge them really is better than the time-honoured customs of corruption, patronage, nepotism and hereditary castes' Steven Pinker Meritocracy: the idea that people should be advanced according to their talents rather than their status at birth. For much of history this was a revolutionary thought, but by the end of the twentieth century it had become the world's ruling ideology. How did this happen, and why is meritocracy now under attack from both right and left? Adrian Wooldridge traces the history of meritocracy forged by the politicians and officials who introduced the revolutionary principle of open competition, the psychologists who devised methods for measuring natural mental abilities and the educationalists who built ladders of educational opportunity. He looks outside western cultures and shows what transformative effects it has had everywhere it has been adopted, especially once women were brought into the meritocractic system. Wooldridge also shows how meritocracy has now become corrupted and argues that the recent stalling of social mobility is the result of failure to complete the meritocratic revolution. Rather than abandoning meritocracy, he says, we should call for its renewal.



Success And Luck


Success And Luck
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Author : Robert H. Frank
language : en
Publisher: Princeton University Press
Release Date : 2016-04-19

Success And Luck written by Robert H. Frank and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-04-19 with Business & Economics categories.


From New York Times bestselling author and economics columnist Robert Frank, a compelling book that explains why the rich underestimate the importance of luck in their success, why that hurts everyone, and what we can do about it How important is luck in economic success? No question more reliably divides conservatives from liberals. As conservatives correctly observe, people who amass great fortunes are almost always talented and hardworking. But liberals are also correct to note that countless others have those same qualities yet never earn much. In recent years, social scientists have discovered that chance plays a much larger role in important life outcomes than most people imagine. In Success and Luck, bestselling author and New York Times economics columnist Robert Frank explores the surprising implications of those findings to show why the rich underestimate the importance of luck in success—and why that hurts everyone, even the wealthy. Frank describes how, in a world increasingly dominated by winner-take-all markets, chance opportunities and trivial initial advantages often translate into much larger ones—and enormous income differences—over time; how false beliefs about luck persist, despite compelling evidence against them; and how myths about personal success and luck shape individual and political choices in harmful ways. But, Frank argues, we could decrease the inequality driven by sheer luck by adopting simple, unintrusive policies that would free up trillions of dollars each year—more than enough to fix our crumbling infrastructure, expand healthcare coverage, fight global warming, and reduce poverty, all without requiring painful sacrifices from anyone. If this sounds implausible, you'll be surprised to discover that the solution requires only a few, noncontroversial steps. Compellingly readable, Success and Luck shows how a more accurate understanding of the role of chance in life could lead to better, richer, and fairer economies and societies.