Téléchargez le livre : The Political Economy of Italy's Decline

The Political Economy of Italy's Decline



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OUP Oxford


Paru le : 2018-04-12



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Description
Italy is a country of recent decline and long-standing idiosyncratic traits. A rich society served by an advanced manufacturing economy, where the rule of law is weak and political accountability low, it has long been in downward spiral alimented by corruption and clientelism. From this spiral has emerged an equilibrium as consistent as it is inefficient, that raises serious obstacles to economic and democratic development. The Political Economy of Italy's Decline explains the causes of Italy's downward trajectory, and explains how the country can shift to a fairer and more efficient system. Analysing both political economic literature and the history of Italy from 1861 onwards, The Political Economy of Italy's Decline argues that the deeper roots of the decline lie in the political economy of growth. It places emphasis on the country's convergence to the productivity frontier and the evolution of its social order and institutions to illuminate the origins and evolution of the current constraints to growth, using institutional economics and Schumpeterian growth theory to support its findings. It analyses two alternative reactions to the insufficient provision of public goods: an opportunistic one – employing tax evasion, corruption, or clientelism as means to appropriate private goods –- and one based on enforcing political accountability. From the perspective of ordinary citizens and firms such social dilemmas can typically be modelled as coordination games, which have multiple equilibria. Self-interested rationality can thus lead to a spiral, in which several mutually reinforcing vicious circles lead society onto an inefficient equilibrium characterized by low political accountability and weak rule of law. The Political Economy of Italy's Decline follows the gradual setting in of this spiral as it identifys the deeper causes of Italy's decline.
Pages
272 pages
Collection
n.c
Parution
2018-04-12
Marque
OUP Oxford
EAN papier
9780192517357
EAN PDF
9780192517340
Informations sur l'ebook
Nombre pages copiables
0
Nombre pages imprimables
0
Taille du fichier
2150 Ko
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Prix
30,22 €
EAN EPUB
9780192517357
Informations sur l'ebook
Nombre pages copiables
0
Nombre pages imprimables
0
Taille du fichier
1096 Ko
Ce livre est accessible aux handicaps Voir les informations sur l'accessibilité
Prix
30,22 €
Andrea Lorenzo Capussela received a PhD in international law with a thesis concerning competition policy. After some years in the private sector, he served as the head of the economics unit of Kosovo's international supervisor, the International Civilian Office, in 2008-11, and then as the adviser to Moldova's minister of economy and deputy prime minister, on behalf of the EU. He is the author of State-Building in Kosovo: Democracy, Corruption, and the EU in the Balkans.

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