Investing in stocks, controlling company shares and corporate governance
Paving the way for discussions at this National Roundtable session was the acknowledgement that in a climate where globalization processes are playing an increasingly more central role in Italy’s social and economic development, Italian firms also need to gear themselves up to being more globally competitive. Achieving this objective, it was suggested, brings with it a renewed need for financing or refinancing of many of the country’s firms and banks.
Italian leaders abroad
International openness and the circulation of people and talent during key stages of professional training and development were the central topics of discussion at this Third Conference on “Italian leaders abroad”.
Italy’s savings: how to make it work for the country’s development and well-being
Opening the discussion at this National Roundtable was the observation that Italy’s stock of personal savings continues to highlight its strong position as a country with among the highest per-capita net worth in the world. Nevertheless, it was acknowledged that in order to give a complete picture of the situation, two areas in which Italy diverges from, in particular, other major European countries, need to be considered.
Eurobonds: the intricate relations between politics and economics
Discussions at this national roundtable session got underway with the observation that the idea of introducing European public debt securities – or so-called Eurobonds – is not a new one: indeed, it dates back to 1993 when Jacques Delors proposed, albeit in embryonic form, the issuance of European bonds to finance investment in European Community infrastructure.
The meaning of growth: paradigms, old and new
Once upon a time, there was GDP. Or rather, once there was “just” GDP, understood as an aggregate indicator used to measure a country’s economic growth by quantifying the flow of goods and services for end-use and produced within a certain period of time in a given territory.
The economic dimension of crime
The roundtable session opened with an acknowledgement by participants that the processes of globalization have made the fight against crime more complicated. Criminal activities have spread worldwide, expanding with the internationalization of trade and growth in migration flows. At the same time, however, organized crime has maintained a strong local flavor, due to its embeddedness in local communities and its permeation into the fabric of society.
Artists and artisans: resources for Italian workers
The roundtable session got underway with an acknowledgement by the participants of the crucial importance of reviving Italy’s artisan culture – a tradition synonymous with the production of high-quality goods through the accumulation, pooling and dissemination of know-how.
SMEs: growth and collaboration in a new global scenario
More than three years after the outbreak of the crisis which engulfed the world economy, Italian businesses have shown that they have, on the whole, withstood the impact of the economic and financial tsunami. The country remains the fifth-ranking global manufacturing power and the second in Europe after Germany, running counter to the trend that has seen a progressive reduction in the market shares of traditional industrial economies – the US and Japan in particular.
Finding alternative indicators of well-being and growth in Italy
The debate over the need to broaden the scope of economic indicators – and more particularly, moving beyond measurements of GDP – has inspired a wide range of studies on the topic both in Italy and abroad. This roundtable event examined a recent Aspen Institute Italia-Fondazione Edison study entitled “Italy in the new geo-economy of the G-20”, which aims to contribute further to this discussion. The study reveals an Italy that is better-placed than indicated by traditional rankings and compares favorably with other industrialized economies in numerous fields.
Increasing Italy’s exports
The roundtable got underway with an examination of the twofold characterization of Italian exports that has, for over a decade, been a core theme in public debate over the competitiveness of the Italian economy in the age of globalization – one which sees exports both as a driver of Italy’s growth and, at the same time, as a reflection of the outward-looking nature of the Italian production system.
New international strategies to support Italian business
The financial crisis has considerably modified the environment in which Italian firms operate. It has introduced new problems in the export sector that are related not only to structural changes in the capital markets but also to difficulties in accessing credit.
Moving people: how to improve competitiveness, efficiency, and quality
The roundtable participants began their examination of the mobility issues affecting Italy today with the observation that, last year alone, Italian households spent on average more than 35 billion euro on getting from one place to another. Also in 2009, the cost of congestion in metropolitan areas was around 9 billion euro. Just in Rome, for example, fuel consumption totaled between 12-15 million euro in the same year – to which must be added the costs generated by rising pollution in cities and areas beyond city limits, as well as by road traffic accidents.
Italy’s demographic trends: problems and opportunities
Proceedings at this roundtable session got underway with the participants observing that an aging population, immigration and the brain drain are issues that Italy needs to address by looking to the future as well as at the past. Indeed, the current state of affairs is the product of previous trends. In decades gone by, there was a surplus of births over deaths and a negative migration balance, but today that situation has been reversed.
Italy’s savings: how to make it work for the country’s development
The Conference got underway with an acknowledgement that savings have played a key role in maintaining Italy’s stability during the more acute phases of the recent financial crisis, and may play an even more important role now as a driver of the country’s economic recovery and growth.
The economic value of Italy’s cultural patrimony
The discussion at this roundtable session got underway with the incisive observation that managing and exploiting a vast and valuable cultural heritage requires a well-thought-out cultural policy, and a continual balance to be struck between preservation and economic development, between making use of this asset and ensuring it is not “used up”, and between the conservation of ancient artistic works and nurturing contemporary art.
Reforming Italy’s university system: beating the odds
If Italy’s university system is to proceed in a new direction, there are two crucial areas that must first be given a complete overhaul: its governance and its financial framework. And, that such reforms have become necessary is certainly a widely held view. The shape of these reforms and the regulations and procedures to be adopted, on this, the eve of the sitting government’s presentation of its university reform bill, is however still a matter for lively discussion both within academia and, in more general terms, the public arena.
The common good: truth and gift-giving
The participants at this roundtable session noted that Pope Benedict XVI, in his recent encyclical entitled Caritas in veritate, reiterates that “the world is in trouble because of the lack of thinking”. It would seem that modern life, with its daily challenges, is focusing minds on more immediate and direct concerns. Today’s cultural impoverishment and loss of ideals has generated a fear of living, thought and reflection.
Italy’s universities: reforms and tools to render them competitive
Reform of Italy’s universities has for months been at the center of the national public debate, coinciding with the development of plans for a government review of the area. In addition to issues relating to the governance of universities and the soundness of the system’s macro-financial structure, the participants at this Conference examined ways of making the Italian university model more efficient and merit-based, focusing predominantly on the mechanisms regulating the autonomy of individual universities and the relationship between the latter and their local business communities.
Expanding broadband in Italy
Discussion at this roundtable event got underway with the observation that the development and spread of broadband internet access services have played and will continue to play a key role in the growth of the Italian economy. Indeed, the potential of broadband services to contribute to the simplification of business and administrative processes and the introduction of more efficient business models constitutes an essential prerequisite for improving the international competitiveness of the country’s economy.
Public investment to reinforce the real economy
In the history of any country, there are phases where it is necessary to build and phases where wealth produced needs to be distributed. Italy, hit by the international crisis, finds itself in the former condition and aims to bolster its economy by building new infrastructure and, in the process, create jobs and facilitate the movement of people and goods.