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The Virtues of the Social Market Economy
At the end of the Second World War, the attempts by the United States to export its model of capitalism to Europe ran up against the economic and social structures present in the countries of the Old Continent. However, following the crisis of the 1970s and the start of the process of privatization, a deep Americanization of European capitalism began, initially led by merchant banks and consulting ...
Fighting Fraud Thanks to Algorithms
Starting with the information it has available, the Italian pension and social insurance institute INPS has developed an algorithm to identify companies whose behavior seems to indicate fraud. The entity has also observed that, through preventive actions, it is possible to reduce the propensity for fraud of companies given special attention by predictive analysis.Following an experiment, INPS found ...
Gender Pay Gap and Corporate Performance
According to the Global Gender Gap Report 2018 published by the World Economic Forum (WEF), the gender gap measured worldwide is 32%, calculated across four thematic dimensions: economic participation and opportunity, educational attainment, health and survival, and political empowerment.The same report highlights how differences in pay negatively impact corporate performance. Furthermore, the pay ...
European Diversity Without Unity
A clear distinction exists between the U.S. and Europe: while the former is a nation, the latter is a sum of many nations, even larger than the number of states of which it consists. This heterogeneity, especially at a cultural level, makes it hard to speak of a single European capitalism, with unique and similar characteristics. There are actually different types, strongly rooted in the cultural ...
The Return of the State? It Depends
The financial crisis of 2008-2009 did not lead to a return of the state in the economy, but to a liquidity crisis. In Europe, this was less acute than in the United States, where for example the Troubled Assets Relief Program (TARP) avoided bankruptcies, but did not solve the underlying problems, such as those of the three large automotive companies (General Motors, Chrysler, and Ford), which suffered ...
The Long-Living, or Ageless, Consumer
Individuals over 65 not only need health and safety, but they wish to have fun, consume, appear, and travel. We need to begin to redesign what is offered to them in line with the needs and tastes of this demographic category, for which less than 15 percent of companies have developed ad hoc business strategies. Moreover, the immediate future will increasingly see the emergence of a potential "permanent ...
All the Opportunities of the MENA Area
The MENA area has factors of attractiveness that make it desirable as a new "promised land for business" for Italian companies. The MENA area has points of strength that appear specular to the weaknesses of Italy.#Thanks to its geographic positioning, our country represents a natural logistics platform in the Mediterranean. Only through important investments aimed at developing our intermodal network ...
Old Age as Stimulus for a New Form of Welfare
The perspective of the silver economy requires expanding our viewpoint, integrating the needs and attitudes of older people into welfare practices. The first market sectors that have looked towards the silver segment have been tourism, art and culture, transport, and wellness. Compared to people under 35, in Italy those who are over 65 have higher average pro-capita consumption, higher average income, ...
How the Demographic Profile Has Changed
Italy holds the record as the oldest country in Europe: 22.8 percent of its inhabitants are over 65 years of age. Moreover, since 2015, the country has been losing an average of 100,000 inhabitants per year, showing its inability for demographic growth. The exceptional longevity of its population places it at the top spot in the world. In addition, once passing 65, both men and women lead increasingly ...
The Golden Rules for Doing Business
Africa is an area in which doing business is challenging and at the same time very promising. For those who decide to operate on the continent, the selection of the countries from which to start or on which to focus is crucial, as is the medium to long-term strategic approach to adopt. The most promising countries are those with more diversified economies and less dependence on single resources, such ...