Italy The Sheltered Economy Structural Problems in the Italian Economy

Based on the results of a three year empirical study analyzing the Italian economy, this work focuses on the role of state and private economic agents. Italy has a huge and interventionist governmental economic policy. Professor Padoa Schioppa Kostoris argues that much of this state action and regulation is irrational and counter-efficient. She further argues that the Italian economy is also characterized by a large and efficient black market, so that much of the private sector already evades state control. Since de facto deregulation therefore exists to a large extent, Kostoris calls for legal deregulation and privatization. She convincingly argues that a decrease in and an altered character of state action will enable the Italian economy to achieve higher growth, and to reconcile the goals of efficiency and public interest.Schioppa, Fiorella P. is the author of 'Italy The Sheltered Economy Structural Problems in the Italian Economy' with ISBN 9780198287483 and ISBN 0198287488.