A Critical Exploration of the Reason Behind Italy’s Economic Recession since 1999
- DOI
- 10.2991/978-94-6463-098-5_131How to use a DOI?
- Keywords
- Italy economic recession; cultural divide; fiscal policy
- Abstract
Italy was a successful economy for forty years after the Second war and was one of the countries with rapid industrial development. But by the mid-1990s economic growth rates began to decline and continued to fall over time, which puts the economic growth of Italy in an undesirable position. This study will discuss the factors behind Italy's recession from three aspects by analyzing the impact of the European Union on the Italian economy as well as Italy's own economic policies in the context of the literature and some of the available data. This study firstly goes through history of Italy's economic development from 1950 to nowadays. Then the negative impacts of entering European Union on Italian economy is discussed. Thirdly, strict fiscal polices of the Italian market after 1990 are analyzed. Fourthly, social factors within Italy from North-South difference perspective.
- Copyright
- © 2023 The Author(s)
- Open Access
- Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.
Cite this article
TY - CONF AU - Yutian Zhu PY - 2022 DA - 2022/12/27 TI - A Critical Exploration of the Reason Behind Italy’s Economic Recession since 1999 BT - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022) PB - Atlantis Press SP - 1159 EP - 1169 SN - 2352-5428 UR - https://doi.org/10.2991/978-94-6463-098-5_131 DO - 10.2991/978-94-6463-098-5_131 ID - Zhu2022 ER -