Franco A. Grassini

A new dualism in Italy

  • Abstract

Informations and abstract

Keywords: Dualism; Italian Industry; Productivity; Innovation.

Traditionally dualism has been considered with reference to territorial differences in the economic and social structure. Now we must take note that the real diversity among firms is related to their efficiency and innovation capacity. There is no reliable statistics measuring good and bad enterprises and those in between but CENSIS considered one fifth financially solid, almost half capable to resist, another fifth very feeble and a tenth on the verge of bankruptcy. Unless we shall be able to move the human and physical resources from unable firms, the Italian economy shall not grow at an appropriate rate. To achieve such a target Bank of Italy should indicate banks indices reveling no good future and impose them to inform such clients that credit shall be closed within 12/18 months, at the same time Govern should create incentives for good enterprises to absorb the weak ones. Moreover new public enterprises should be created to use new technology, with a strict rule: within a predefined period (5/7 years) they should be sold to private institutions, Stock Exchanges included, or liquidated. Changes should necessary at corporate governance rules with priority at destroy pyramidal groups.

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