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.

This popular text provides a detailed study of the social and economic structures that underpin the Italian political system. Thoroughly updated, the second edition covers the 1994 election results and the rise of Berlusconi's Forza Italia, the impact of European integration and the anti-corruption campaign of the early 90s.

The Routledge Handbook of Contemporary Italy provides a comprehensive account of Italy and Italian politics in the 21st Century. Featuring contributions from many leading scholars in the field, this Handbook is comprised of 28 chapters which are organized to deliver unparalleled analysis of Italian society, politics and culture. A wide range of topics are covered, including: Politics and economy, and their impact on Italian society Parties and new politics Regionalism and migrations Public memories Continuities and transformations in contemporary Italian society. This is an essential reference work for scholars and students of Italian and Western European society, politics, and history.

Paul Furlong presents an introduction to Italian politics and policy-making, considering in detail the way in which Italy's recent history has affected its course of political and economic development. He looks at the policy process through the 1980s, analysing the practical results of the policy-making process in key areas, such as industry and the economy. He goes on to discuss the party-political and governmental developments of the 1990s. The book is designed throughout to illuminate the Italian case by applying a comparative framework. Italy has often been treated as an exception to any rule of Western European politics; there are, however, many features that the country holds in common with its EC neighbours.

In early 2020 Italy was a country whose political parties stood as significant obstacles in the way of resolution of its social and economic problems. The purpose of this book is to help the reader to understand how Italian politics had reached this point. It does this by tracing the most significant processes of political, economic and social change to have marked Italian history in recent years back to their roots in the Italian political system as it emerged at the end of the Second World War. Starting with the restoration of democracy, the volume discusses the post-war party system and how it came under increasing pressure from the mid-1970s. From there it discusses the political upheavals of the early 1990s and the transformations they led to, the rise and fall of Silvio Berlusconi, and the watershed election of 2018. In short, the book provides a narrative. Narratives tell us who we are, where we have come from, where we are now and where we are going. Without them, we cannot make sense of the world. At the end of this narrative, if it has done its job properly, Italian politics and current affairs should ‘make sense’ if before they seemed confusing.

Italy is a country of recent decline and long-standing idiosyncratic traits. A rich society served by an advanced manufacturing economy, where the rule of law is weak and political accountability low, it has long been in downward spiral alimented by corruption and clientelism. From this spiral has emerged an equilibrium as consistent as it is inefficient, that raises serious obstacles to economic and democratic development. The Political Economy of Italy's Decline explains the causes of Italy's downward trajectory, and explains how the country can shift to a fairer and more efficient system. Analysing both political economic literature and the history of Italy from 1861 onwards, The Political Economy of Italy's Decline argues that the deeper roots of the decline lie in the political economy of growth. It places emphasis on the country's convergence to the productivity frontier and the evolution of its social order and institutions to illuminate the origins and evolution of the current constraints to growth, using institutional economics and Schumpeterian growth theory to support its findings. It analyses two alternative reactions to the insufficient provision of public goods: an opportunistic one – employing tax evasion, corruption, or clientelism as means to appropriate private goods –- and one based on enforcing political accountability. From the perspective of ordinary citizens and firms such social dilemmas can typically be modelled as coordination games, which have multiple equilibria. Self-interested rationality can thus lead to a spiral, in which several mutually reinforcing vicious circles lead society onto an inefficient equilibrium characterized by low political accountability and weak rule of law. The Political Economy of Italy's Decline follows the gradual setting in of this spiral as it identifys the deeper causes of Italy's decline.