#639 | What’s Wrong With Italy’s Economy?

 

Italy builds Ferraris and Lamborghinis, welcomes millions of tourists, and produces food, fashion and design admired around the world.

 

Yet beneath all that beauty, its economy has spent decades running without going anywhere. What went wrong, and what, if anything, can be done about it?

 

Italy’s unification: a poor agricultural economy
Post-war economic miracle: Fiat, Vespa and Olivetti
Small family firms drive industrial growth
Lira devaluation keeps Italian exports competitive
Rising public debt during the 1980s
Euro membership removes currency devaluation
Productivity stagnation after the computer age begins
Small firms, bureaucracy and family management
Temporary contracts divide younger and older workers
Brain drain, low births and an ageing population

Full interactive transcript, subtitles and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/italy-economy

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