The Italian Transition 1989-1994: A View from Abroad

Journal title HISTORY OF ECONOMIC THOUGHT AND POLICY
Author/s Fabio Masini, Albertina Nania, Veronica Sacco
Publishing Year 2025 Issue 2024/2
Language English Pages 20 P. 119-138 File size 83 KB
DOI 10.3280/SPE2024-002006
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How did the international economic circles look at the multiple crises that Italy faced between 1989 and 1994? This paper provides a tentative answer to this question by reconstructing the comments published in The Economist during that period concerning the most relevant Italian events: the mafia and Camorra massacres, the referendum and electoral changes, the crisis of the development model based on corporate and familistic capitalism, privatizations (promised and never fully implemented, at least not as the international markets would have hoped). Through the analysis of those years, we shall highlight the critical issues of a country that, seen from the outside, missed the opportunity for its modernization.

Keywords: Italian transition 1989-94, Italian policymaking, international political economy, privatizations, The Economist

Jel codes: B29, D02, D72, D73, D74, F02, H12, H63, L44

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Fabio Masini, Albertina Nania, Veronica Sacco, The Italian Transition 1989-1994: A View from Abroad in "HISTORY OF ECONOMIC THOUGHT AND POLICY" 2/2024, pp 119-138, DOI: 10.3280/SPE2024-002006