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A New Management of Global Markets
The fragmentation of global value chains in many economic sectors and the emergence of a "regional globalization" require a rethinking of internal demand limited to some large areas, such as Europe. Temptations for protectionist policies, whether in Europe or in single member states, must be offset with balanced economic development policies in the long-term, based on the advantages of maintaining ...
State Intervention in the Economy? What Counts is Quality
Today's advanced countries, including Italy, were able to produce a revolution in industry, and then in services, thanks to entrepreneurship favored by the active role of the state and public institutions. In the first two decades after the Second World War, there was maximum exploitation of the impetus generated previously by public institutions. The active role of IRI, the special interventions ...
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 ...
The Reason of Optimism in Italy
To translate the potential advantage over foreign competitors into a reality, Italian businesses need to make an organizational change and strengthen their abilities in the sector of artificial intelligence; while important players for the economy such as institutions and business representatives must increase their efforts to provide all of the support necessary for the required technological upgrade. ...
Aggregate Demand is the Italian Problem
Between 1992 and 2018, the Italian economy saw a worrying slowdown of growth of aggregate demand, due above all to the significant contraction of private and public consumption. In the same period, Italy has been among the European countries that have made the greatest effort to reduce protections for insecure workers, leading to an exponential increase of workers with fixed-term contracts.#From a ...
Business-Labor: Equal Status and Common Planning
The pandemic has highlighted the fragilities and deep inequalities that characterize the current economic system. At the same time, a process has begun that requires a profound change, the participation of workers in business decisions. Fifty years after Italy's "Workers' Statute" was passed, the time has come to define a new statute that guarantees the same rights and protections, independent of ...
Four Possible Destinies for Labor Unions
Since the end of the 1970s, in almost all European countries the generational shift in the world of labor has caused a drop in the levels of unionization. Many factors have contributed to this decline, related to both the market and the organization of work. Deindustrialization, polarization of professional structures, and the increase of immigrant workers risk undermining the social cohesion between ...
All of the Doubts and Challenges within Confindustria
The representation of business interests is more difficult today than in the past, due to processes of differentiation of the system of businesses. In a nation like Italy, though, representation has a greater presence, because economics and politics are more interwoven than elsewhere. For decades Confindustria had a role of stable representation thanks to the strong political legitimation earned after ...
How and Why Solitude is Growing among Insecure Workers
At the end of 2019, the total number of insecure workers in Italy was 3.123 million, a figure that has certainly been aggravated by the explosion of the pandemic in the early months of 2020. The general weakening of labor unions can be attributed, on the one hand, to the reduction of demand for labor in sectors where they were traditionally the strongest (services); and on the other, to the changes ...