Galli Giampaolo (Senior Fellow Of The Observatory On Italian Public Accounts Visiting Professor In Economics Universita Cattolica)
Galli Giampaolo (Senior Fellow Of The Observatory On Italian Public Accounts Visiting Professor In Economics Universita Cattolica) - Meritocracy Growth And Lessons From Italy's Economic Decline Lobbies (And Ideologies) Against Competition And Talent
Galli Giampaolo (Senior Fellow Of The Observatory On Italian Public Accounts Visiting Professor In Economics Universita Cattolica) - Meritocracy Growth And Lessons From Italy's Economic Decline Lobbies (And Ideologies) Against Competition And Talent
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Binding: Hardcover
Description: 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 G 7. 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.
Title: Meritocracy Growth And Lessons From Italy's Economic Decline Lobbies (And Ideologies) Against Competition And Talent
Author(s): Galli Giampaolo (Senior Fellow Of The Observatory On Italian Public Accounts Visiting Professor In Economics Universita Cattolica)
Publisher: Oxford University Press
Barcode: 9780192866806
Pages: 272 Pages
Publication Date: 12/27/2022
Category: Economic Systems & Structures
Description: 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 G 7. 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.
Title: Meritocracy Growth And Lessons From Italy's Economic Decline Lobbies (And Ideologies) Against Competition And Talent
Author(s): Galli Giampaolo (Senior Fellow Of The Observatory On Italian Public Accounts Visiting Professor In Economics Universita Cattolica)
Publisher: Oxford University Press
Barcode: 9780192866806
Pages: 272 Pages
Publication Date: 12/27/2022
Category: Economic Systems & Structures
