At this national roundtable dedicated to the quest for a sustainable development model, it was noted by way of preface that overcoming the crisis and returning to past growth is the outlook – or imperative, hope or delusion, depending on your point of view – which has dominated public debate, analyses, scenarios and action plans in Western countries in recent years.
Opening up discussions at this national roundtable on the power of the web was the observation that the internet has changed the face of politics, especially in terms of the processes of building consensus and managing leadership. There were already clear signs of this in Barack Obama’s winning election campaign of 2008, with two million supporters marshaled via the net, 8 and a half million unique visitors to the main campaign website, 13 million newsletter subscribers and 30 million dollars raised in online donations.
This national roundtable examining the ramifications of implementing Italy’s digital agenda got underway with the participants citing a few statistics on point. Firstly, it was noted that the internet economy contributes 2% to Italy’s GDP – the same as agriculture, but with a potential of at least double that, thus bringing levels seen in England or Sweden within reach for the country.
At this roundtable session dedicated to the subject of Italian welfare reform, it was noted that European welfare models have come under pressure from major demographic, economic and social changes, including progressively aging populations, rising expectations for healthcare, increased risks of non-self-sufficiency, sporadic employment and income, and concerns over public debt, which have conspired to make healthcare and welfare systems devised in the past gradually more unsustainable.
The participants in this National Roundtable observed, by way of opening premise, that biotechnology is a scientific field offering great prospects and within which Italy could play an important role. Indeed, the country boasts a high level of training and outstanding expertise in the sector. The projected rewards, including of a financial nature, are quite considerable, with attractive prospects from an industrial point of view.
It is a long story that began back in the 1990s and that is still very much a part of the debate today. We are talking about the controversial and syncopated story of deregulation in Italy.
On July 19, the awards ceremony for the “Italian unification” competition organized by Aspen Institute Italia and the Istituto della Enciclopedia Italiana was held at Palazzo Lancellotti, Aspen Italia’s headquarters in Rome.
The participants at this National Roundtable noted that, in recent years, the corporate governance of Italian firms has changed in a rapid and decisive – though in some ways haphazard – manner. This process, which started in the 1990s, particularly in the wake of the wave of privatizations, was intended to make the financial market more attractive to foreign and Italian investors by providing greater guarantees for the protection of minority shareholders.
Added value of over 140 billion euros and employment for around 3.3 million people: this was the snapshot, in figures, presented at this National Interest roundtable session of the engine of Italy’s manufacturing system, driven by the country’s leading sectors – the so-called “4 Fs” of the Made-in-Italy industry: Ferrari cars and non-electronic machinery and equipment, fashion and clothing, food and beverage, and furniture and wood products.
This National Conference got underway with the observation that, in Italy as in Europe, emerging forms of poverty have mainly affected segments of the population that were previously relatively protected but that have now become socially and economically vulnerable. This phenomenon has also been accompanied by the onset of other hardships, stemming from the intensification of migration flows.
Discussions at this National Roundtable commenced with an acknowledgement by the participants that the global economic arena is no longer characterized by competition played out solely between businesses, but rather sees national economies pitched against each other ever more fiercely.
This trend has led to a gradual widening of the concept of “national security”, with many States now including economic and financial security within the ambit of this term.
At this roundtable session dedicated to the future of Italy’s pension system, it was observed that population aging, the impending retirement of the baby boomer generation, the prolonged period of economic stagnation currently being experienced and dwindling public resources are driving Italy, as well as most other developed nations, to tackle questions regarding the relationship between the role of public and private social security schemes. Today, pensions, healthcare and welfare, in their various forms, are no longer being delivered solely by the state.
This national roundtable discussion got underway with the observation that, traditionally, the banking system has played a key role in economic growth by channeling personal savings into financing the productive activities of businesses.
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 participants at this National Roundtable opened the discussion by observing that following the reform of the Italian intelligence services, the activities of the relevant agencies are no longer confined to the protection of the political and military interests of the country, but also extend to defending its “economic, scientific and industrial” interests.
The key objective to emerge from the discussions at this National Conference was that of transforming a constraint into an opportunity. The green economy must be made the cornerstone of a new, more sustainable and enduring development model. It was observed that, in recent years, particularly in the wake of the protracted effects of the worst economic and financial crisis in recent history, the world has begun to stop treating the “environmental factor” as a possible limitation on freedom of enterprise, but rather to see it from a more comprehensive perspective.
As an opening premise, the participants at this National Conference noted that any reflection on the future of the Italian national health service must first start with an analysis of the value produced for the country in health terms. In this regard, statistics were cited indicating that between 1951 and the present day, life expectancy in Italy has increased by 1 month every 4 months. Italy also has the longest-lived population in Europe, with over-65s already making up 20% of the population, or 12 million people, of whom 3.5 million are over 80 years old (6%).
The participants at this roundtable session observed that Italy has long been a country that, paradoxically, is brimming with ideas yet marked by scant innovation and little skilled employment for the young talent chiefly responsible for these ideas. The abundant and inexpensive intellectual resources on hand are held back by a combination of a poor aptitude for project creation and poor communication among the various actors who are in a position to ensure that good ideas translate into great innovations.
Underpinning the discussions at this Aspen national roundtable session on “The new media, the power of information and business” was the notion that the internet could serve as a driver of growth in Italy on the condition that the internet economy bears part of the massive costs associated with its own development. Recent studies were cited which estimate that the internet economy in Italy today accounts for 2% of the country’s gross domestic product, with expected growth margins by 2015 of between 3.3% and 4.3%.
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.
