Over recent years, new technological instruments have accelerated the digitalization of finance, radically changing the user experience and shaking the historic foundations of sector institutions. From the exponential growth of FinTech to the advent of digital currencies to the new frontier of the metaverse, the transformations have been far-reaching.
The world needs to be reassessed. A design overhaul is called for, and this presents a unique opportunity for Italy. The post-pandemic recovery brought a major uptick in Italian exports, which are among the most diversified in the world for number of products. This is the result of a massive creative effort that is amply represented by the key sector of fine wood furniture. The efficiency of family-run businesses, the resilience of niche product leaders and diversification are all factors that contribute to the success of Italian design around the world.
The Procurement Code is primarily an instrument intended to facilitate the rapid, efficient and innovative execution of public works. The current Code, which dates back to 2016, has been the subject of continual reforms that have made it not only a never-ending story but also in some extremely important aspects an unfinished one. Examples include the digitalization and qualification of contracting authorities, the discipline of which still struggles to achieve full implementation.
The global food supply troubles did not start with Russia’s invasion of Ukraine; there were numerous warnings over the two years of the pandemic, and even before that with the food crisis of 2008.
“Population health” is a new paradigm aimed at offering each citizen appropriate and effective treatment while, at the same time, responding to the challenges posed to the healthcare system by the so-called “big killers” – such as heart disease – and the ageing of the population.
Aspen Institute Italia promotes continuous analyses and proposals on the effectiveness and efficiency of the public administration (1). This roundtable offered an opportunity to present the Aspen Collective Mind research paper “Promoting international experience in Italy’s public administration”.
Fears of urban crisis stoked during the most difficult months of the pandemic have not borne fruit. Indeed, revived economic and social activities are rekindling the vitality of cities, yet the change due to significant lifestyle interruptions is inexorable. The need has emerged, first of all, to redistribute and reconfigure urban density: the de-synchronization of rhythms consequent to social distancing has eliminated rush-hour congestion and made public transportation more efficient.
What was already an ongoing digital revolution accelerated with the outbreak of the Covid-19 pandemic, foregrounding it as a concern. Indeed, people in their daily lives and businesses have been inundated with digital-driven processes that are often taken for granted and in need of proper governance. As with all changes, the digital revolution is capable of generating unity and inclusion but can also divide and exclude. In that sense, the two principle perspectives from which to examine it are culture and infrastructure.
Italy’s 2021 economic recovery, an excellent sign for the future, was led especially by domestic consumption and other segments such as construction that enjoyed the benefits of fiscal incentives, and thus offers a good point of departure for 2022. This despite national and global level threats that include increased energy and raw materials prices, the slowdown triggered by the fourth pandemic wave, and bureaucratic snags that could obstruct the timely manufacture and consignment of the machinery needed for the digital transition.
The European Union and its member states have been ramping up efforts over the past two years to combat climate change and decarbonize as many sectors as possible, from standpoints of both policy and the economy. The European Commission published its Green Deal in December 2019 and subsequent Fit-For-55 legislative package in July 2021, which set some very ambitious decarbonization goals. These included a 55% reduction in greenhouse gas emissions (as compared with 1990 values) by the end of 2030 and complete carbon neutrality within the year 2050.
The dollar remains strong and, despite a few crises, is still the world’s preeminent reserve currency. The euro, on the other hand – although it does represent a solid and advanced economy – has not managed to become a reserve currency capable of replacing the dollar. The currency “multipolarism” now emerging – difficult to construct yet certainly inexorable – is going to include the phenomenon of cryptocurrencies. The trend is toward a multipolar system with one dollar/euro area and another consisting of many of those currencies currently located outside that area.
Italian industry is compelled to face the prospect of a future digital market, along with the continuing paradigm shifts that technological transformation is imposing on the economic and social fabric. The radical transformation of manufacturing, consumption and habits is having a significant impact not only on daily activities but also on the capacity for near-future analysis and forecast.
Population ageing is a global trend affecting all the world’s foremost economies. The phenomenon is have an especially significant impact on China and Europe and seems destined, along with the climate crisis, to be among the main generators of change in twenty-first century societies. Governments, citizens and the business community thus find themselves facing a range of challenges as well as a host of opportunities.
The focus of both the G20 in Rome in October and of the COP26 in Glasgow in November was the energy transition. Italy continues to be an active participant in a debate that sheds light on the fact that the transition is not only energy-related, but also an economic, financial, social and cultural one.
The history of human presence in space consists mainly of two phases. The first of these, more political – and in hindsight, military – in nature, was entirely in the hands of the United States given the high cost of investments. In the second phase, which spawned the “new space economy”, has reduced government participation and opened the doors to private interests eager to offer auxiliary services to institutional operators as well as to develop new activities.
The relationship between information and power is not a new concern. Ancient Greek historian Polybius defined ochlocracy as the degeneration of democracy where the mob is led to believe it is free to exercise its prerogatives while instead becoming the active instrument of one or more groups. The exponential spread of interconnected actors has fed a considerable flow of web-channeled data, the appropriate use of which platforms are required to manage. This endeavor calls for an ability to differentiate between content that is legal and that which may constitute a violation.
Although Italy continues to offer proof of excellence in a broad array of fields, there is still considerable margin for growth in younger generations’ understanding and application of technological advances. The current Covid-19 pandemic and the possibility of stemming its spread with the mRNA vaccine have further underscored the need to invest in research and innovation in the interests of creating social and economic value.
Creating excellence is one of Aspen Institute’s cardinal objectives, and one of the strategic factors in generating the country’s recovery. To this day, Italy remains an advanced European economy despite its relatively low percentage of university graduates. That percentage could be augmented through a different interpretation of education that embraced those hubs of excellence that flourish thanks to their ability to interface with the business world.
The pandemic has highlighted the fragility and disparities of a National Health Service already hard put to confront the combination of an ageing population and the growing incidence of chronic pathologies. As a result, the political agenda is now focused on striking a new balance between macro assistance levels (moreover, previously indicated in “fiscal federalism” reforms) and the proportioning of related standard costs.
The digital revolution has profoundly changed how goods and services are consumed by increasing their availability online, thereby enhancing the role of web platforms. Indeed, these latter have been an essential tool for extending political rights such as freedom of speech, and for framing new ones, especially within the economic sphere, such as consumer rights. At the same time, however, they have laid the groundwork for a concentration of overriding powers, and the abuse of those powers.
