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AbstractThe article analyses Italian regional developmental policies between the 1950s and 1990s. It focuses in particular on the intervention through state-owned enterprises and public agencies in the underdeveloped southern regions known as the Mezzogiorno. Analysing the flow of investments in these regions, the article assesses the targets and the results of the so-called “extraordinary intervention,” advancing some hypotheses about the causes of its long-term failure: the lack of planning, the preference for top-down actions, and the peculiar institutional framework. The article also evaluates the long-term effects of this failure on the Italian industrial structure.
Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook – de Gruyter
Published: May 24, 2017
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