The specific availability for this course is not currently known. If you would like to know if this course will be offered during your session, please contact us.
After World War II, along with Germany and Japan, the
Italian economy became one of the most dynamic in the world. In the 1950’s, the
rate of growth of the Italian gross domestic product had reached 7% and by the
early 1960’s the unemployment rate was a low 2.5%. The “economic miracle” had
occurred.
This course will present the reasons for this exceptional
growth performance and the subsequent slowdown in the 1970’s. Characteristics
of the Italian economy in the 1980’s (high inflation, moderate growth, growing
fiscal imbalances) and the features of a macroeconomic malaise common to other
industrialized countries during this period will be studied.
Students will explore the reasons why Italy’s growth
performance has been disappointing in spite of participating in European
Monetary Unification. They will also discuss the current challenges of
globalization and the exceptional export performance of emerging countries such
as India and China.
