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.
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.
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.
The participants in this roundtable discussion observed that in order to debate the issue of culture and its link with society (hence, with the places where culture exists or is showcased) and with businesses (those in a position to fund cultural initiatives and make them possible and accessible), an understanding of what “culture” means is vital. Indeed, it was observed that the concept of culture is polysemous.
The National Conference got underway with the observation that one of the negative effects of the international financial crisis has been to halt debate on the problems afflicting the savings market in Italy, and on what measures are needed to overcome them. These problems were already beginning to emerge as early as the late 1990s, but they have become more evident as a result of the crisis.
The participants at this roundtable were deeply critical of the lack of transparency in the international financial system, the product of an out-of-control laissez-faire capitalism and a global lex mercatoria that has swept aside traditional capitalist organizational forms and the regulatory functions of public authorities.
Globalization, the erosion of the classic hallmarks of national sovereignty, the technological revolution and the financialization of the economy: all these scenarios have been at the center of public debate for some years now, both in Italy and abroad. But how can we stem the tide generated by global phenomena of a largely unforeseen magnitude? How do we face up to the risks and exploit the opportunities that arise from a precipitate transformation?
In the present difficult macroeconomic scenario, enacting a federalist transformation of the financial relations between the state and local government is a preordained occasion to improve the quality of administrative action; at the same time improving public expenditures according to principles of transparency, efficiency and responsibility.
Debate at this roundtable touched on the complex relationship that persists between the media and the business community. Participants noted that information should not be considered a necessary evil, but rather a meter by which to judge a democracy – a country’s freedom is evident in its journalism. A lack of information, of course, is detrimental to the workings of a democracy. Silence or tardiness in getting out the news represents a clear case of market abuse. As happened in the US, with the subprime catastrophe, financial markets also depend on the news.
Demographic waves, technological innovation and citizens’ expectations: these are today’s major challenges. And, in the years to come, healthcare will become an increasingly important issue in all major countries with advanced economies and welfare systems. In the Italian system, the healthcare challenge is particularly crucial as it represents the largest public expenditure after pensions. Healthcare and pensions absorb all those resources that could be made available for other social policies.
Western businesses are increasingly focused on social responsibility, making a point of thinking not just of profits but of the environment and workplace safety, for example. It is not just a matter of “doing good”: today, the market demands such attention. The consumer is aware, and a company’s social responsibility is a meter by which it is judged – turning good works into a clear marketing tool. Social responsibility represents value added, and is considered part and parcel of a given organization.
Discussion focussed on the strategic role played by bank foundations, especially following the Constitutional Court’s 2003 ruling that they are specifically involved in guaranteeing social liberties. Foundations have a mission to guarantee horizontal subsidiarity and, therefore, support the country’s intermediaries (from the private sector to the state), today charged with maintaining development strategies and social cohesion. The 88 bank foundations currently existing in Italy have a patrimony of 47 billion euro; between 1993 and 2006 that sum grew at an annual average of 5.7%.
Discussion at this roundtable touched upon a series of strategic hot spots for China’s future and for its role in a global world. Many of the issues considered are the focus of the upcoming issue of Aspenia (n. 41, in Italian, due out June 10).
The international financial crisis and its impact on the real economy have increased the need for decisive, coordinated action by international bodies, the EU and individual nations. The greatest concern is the existence of “panic” and “lack of trust” in the markets, which is indeed what is undermining the real economy all over the world. Many maintain that, in order to restore faith in the markets and therefore face the crisis, on one hand domestic consumption must be stimulated. On the other hand, an increase in the public demand is needed for investments in infrastructures.
Italy’s south or “Mezzogiorno” is a region that fails to meet todays challenges. It deserves better, but the lack of infrastructure and of qualified labor, as well as excessive bureaucracy, high levels of organized crime, widespread disrespect for the law, weak institutions and a lack of social capital. These obstacles make it difficult for the region to take advantage of its many opportunities for development.
“Food” involves a vast and complicated network of professions, actions, movements and skills (from agriculture, to trade and distribution, to cooking and eating). All these areas can be considered elements of a single great macro-process, which is much more complicated than most consumers realize. Debate at this roundtable focused on the role gastronomy plays in spreading knowledge and understanding to all those many players that take part in the process.
The debate on Federalism touches a central theme of the possible reforms in the coming years. In a framework that is gradually being consolidated – as seen in the results of the survey conducted by the Constitutional Affairs Commission of the Chamber of Deputies and the Senate at the beginning of the XV legislature – we can get a fairly accurate perspective on the goals and policies that will finally allow full implementation of the Republic’s new institutional organization and any corrections needed for the constitutional revision of 2001.
The debate highlighted the economic and social importance of sports as well as the complexity of challenges facing public policy-makers in the field. In Italy, sport continues to represent a phenomenon with profound social roots. Fields, gyms and arenas cover the national territory better than any other social structure and play a key role in community aggregation. The organizational model of Italian sport is one of the country’s success stories. Italy’s national teams compete at the top level in all major international meets, starting with the Olympics.
The global economic scene is suffering from a worldwide slowdown in growth, the effects of the recent American financial crisis, monetary imbalances between the US dollar and the euro and rising inflation due to an increase in the price of raw materials (and not just energy resources).
The roundtable “Integrated pension plans: present picture and prospects for the future” highlighted the relationship between demographics, aging and pension systems. It took a close look at the lack of financial sustainability of the latter without any tax intervention on salaries and on the general population. Participants analyzed the solutions adopted by most of the OECD countries and there was a discussion of some of the best practices worldwide.
