Paperback. This book analyzes the main factors characterizing the evolution of the Italian economy in the European Union (EU) and in the European Economic and Monetary Union (EMU) during the last decade. The book aims at showing that the European responses to the pandemic crisis are centered on a main objective: to implement the conditions for an EU development based on the single market and characterized by technical and organizational innovations and a social and environmental sustainability. These conditions require that the main European countries, Italy included, reach a sufficient degree of convergence; and this requirement represents an extraordinary opportunity for the Italian economy. Analyses the main factors characterizing the evolution of the Italian economy in the European Union and in the European Economic and Monetary Union during the last decade. The book shows that European responses to the pandemic crisis are to implement the conditions for an EU development based on the single market. Shipping may be from our Sydney, NSW warehouse or from our UK or US warehouse, depending on stock availability.

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Bibliographic Details

Title: Recovery Pathways (Paperback)
Publisher: Bocconi University Press
Publication Date: 2021
Language: English
ISBN 10: 8831322303
ISBN 13: 9788831322300
Binding: Paperback
Condition: new

About this title

Synopsis

The book analyzes the different phases that have characterized the evolution of the pol-icy framework and the economic governance of the European Union and the Euro Area since the end of the global financial crisis (2007-2009). This analysis, which is found-ed on a careful reconstruction of those “right” or “wrong” economic ideas that have “ruled” the European world until the pandemic shock (to paraphrase the final remarks of Keynes’ General Theory), is crucial to appreciate the importance of the ground-break-ing initiatives undertaken by the European policy makers and institutions in 2020: the ultra-expansionary monetary policy and the Next Generation EU. These initiatives are opening an unexpected scenario for the Italian economy, which is the main beneficiary of both initiatives. The aim of the book is to explain why Italy has wasted several chances over the first two decades of this century but cannot miss this new opportunity. To get ready for the post-pandemic world, the time is getting short. Italy must accept the challenge and start its difficult recovery pathway.

About the Author

Marcello Messori is Full Professor of Economics at Luiss University and President of Allianz Bank, Allianz Group, Italy.

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