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Public Goods Need Europe
There are at least three wrong ideas that need to be cleared up to begin a constructive debate on the role of the European Union at this point in history. The first is that the important decisions in the EU are made in Brussels without any involvement of the Member States. The second is that the decisions made in Brussels have no democratic basis since they are made by bureaucrats not elected by the ...
The derivative usage by listed and non-listed Italian Firms for corporate risk management
La scarsa trasparenza sull’uso dei derivati nei bilanci delle imprese è all’origine della scarsa conoscenza degli schemi di comportamento delle imprese per quanto riguarda l’impiego di tali strumenti. Questo articolo esamina le pratiche di gestione del rischio delle imprese italiane, sia quotate sia non quotate, per un’ampia varietà di rischi d’impresa: rischi di cambio, di tasso di interesse, ...
Development and Wellbeing A Question of Works
The economic development and fortunes of States over the centuries have been sustained and often conditioned by the construction of infrastructure. This has allowed many backwards and economically depressed regions to reach excellent levels of prosperity. In addition, the system of infrastructure has had, and still has, an evident geopolitical impact. In that regard, the Treaty of Rome of 1957 expressly ...
TAV: the Project that Doesn’t Exist
The high-speed rail line is not the first major project concerning the Val Susa area: there was the “ecological highway,” then the power line, and now the high-speed train line (TAV). Initially, the opposition led by the Habitat Committee against a “conception of the territory as a passive resource” was low-key, but it served to arouse the population.#The No TAV message is clear and summed ...
The competitive advantage of the global city
Over the last two decades there has been a transformation of the systemic components that make up urban infrastructure. We cannot understand this upheaval, and the great problems and challenges it raises, if we do not analyze the main variables of this epochal change that lead us to add the term "new" to the more general concept of urban infrastructure.#In the context of globalization, we are witnessing ...
New Mobility for the Country
From 2002 to date, 60 percent of state funding has gone to investments in roads and highways. Yet 42 percent of the national population lives in urban areas, where there is the largest infrastructure gap with respect to the rest of Europe, and above all, where we find most of the demand for transport. To deal with that demand, there should be an increase in the number of trains in circulation, starting ...
Electric transition between the present and the future
In the last 20 years, Italy has gone from an electricity system is based on large production plants, to a structure with rapid growth of renewable sources, in particular wind and solar, and a gradual drop in thermoelectric capacity. In this context, Terna has identified some lines of action, including strengthening its commitment on the network and on interconnections abroad to increase the infrastructure ...
The Long Autumn in Italy’s History
In the 1970s, Italy lived through an unprecedented cycle of labor conflict, that started with the Fiat strike in September 1969, and ended with the “March of 40,000” in Turin in October 1980.#The dynamics of industrial relations in Italy had previously seen moments of particularly strong conflict which had been followed by a retreat of the unions: the occupation of the Red Biennial (1919-1920), ...
A Matter of Concessions
The highway sector represents an important component of the Italian economy, both in terms of extension of the network - one of the largest in Europe - and as regards the presence of companies that have taken on an important role in other sectors of the economy and abroad. In this regard, the regulatory and public concessions sector has evolved over time in relation to both the country's social and ...
What Future for Italian Ports
Given our country’s geographical structure and history, it is not surprising that the Italian port system features a wide variety in terms of infrastructure, volumes, commercial activities, efficiency, and development. However, since the 1980s the absence of a view to development of the ports, which is instrumental to the development of the country, has limited its prospects for growth, relegating ...