Autore: Felice, Emanuele
Titolo: Falling Behind in Globalization: Southern Italy in the Liberal Age
Periodico: Rivista di storia economica
Anno: 2018 - Fascicolo: 3 - Pagina iniziale: 257 - Pagina finale: 292

The articles discusses the performance of Southern Italy in the first globalization age, in light of the last estimates of GDP and with the avail of primary and secondary sources. In comparison with the Centre-North, Southern Italy scored a low share of national trade, for a larger part composed of agricultural goods. Even though in migration the Italian "Mezzogiorno" fully participated to globalization, per capita returns were arguably lower. The amount and effectiveness of foreign investments were limited, while the local ruling ̩lite preferred to invest their savings in foreign bonds, rather than in local enterprises. The argument is made that Southern Italy was unable to fully benefit from globalization, due to its worst social capabilities and institutions Рwhat can be called the "socio-institutional" context Рand the related policies of its ruling ̩lite.




SICI: 0393-3415(2018)3<257:FBIGSI>2.0.ZU;2-J
Testo completo: https://www.rivisteweb.it/download/article/10.1410/94750
Testo completo alternativo: https://www.rivisteweb.it/doi/10.1410/94750

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