Proceedings at this national roundtable got underway with the observation that, in recent years, the concept of ethics seems to have taken center-stage in economic debate. Expressions such as ethical finance, ethical trade and business ethics are being used more and more frequently, and all major international companies have a code of ethics.
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.
The starting point for discussions at this national roundtable session was the observation that, in this time of crisis, revamping Italy’s image is not just a strategic priority, but also a pressing necessity. The problem was seen as originating, paradoxically, from within the country itself, with Italians engaging in some sort of exercise in self-flagellation by talking down their homeland whenever abroad.
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.
Discussion at this national roundtable focusing on immigration opened with the participants citing figures showing that foreigners account for 7.5% of Italy’s population (up from 1% in 1991) and contribute over 12% of national GDP. Many migrants have chosen to settle in Italy permanently, have bought a house (20%), and have children attending Italian schools.
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.
Kicking off discussions at this national conference was the observation that the current financial crisis, evidently systemic in nature, is predominantly being shaped at this stage by perceived risk factors linked to vulnerabilities in the real economy and the banking system. Efforts in the political, economic and monetary arenas – both at national and European levels – seem to have eased speculative pressures on the markets and tentatively restored international investor confidence.
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”.
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.
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.
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.
This roundtable saw those in attendance debate the role that foreign-owned firms play in the Italian economy, particularly with a view to identifying approaches and measures that could enable foreign direct investment inflows to be improved.
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.
Debate at this National Interest Conference got underway with the observation that overcoming the social and economic divide between Northern and Southern Italy requires a profound rethink of intervention policies together with an overall return to efficiency and effectiveness in public action.
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.
