Regulatory Reform in Italy 2001 [electronic resource].
Publishing, OECD.
Organisation for Economic Co-operation and DevelopmentContributor
Organisation for Economic Co-operation and DevelopmentContent Provider
Organisation for Economic Co operation and DevelopmentContent Provider
 : Organisation for Economic Co-operation and Development,
2001.
 Starting later than many countries, Italy devoted the 1990s to ""catching up"" with the leading OECD countries in economic and governance reforms. The scope, speed and consistency of structural reforms by multiple governments were remarkable. Accumulated rigidities and practices of decades were re-assessed, and many rejected. Awareness of the excessive role of the state in the economy led to broad policy and institutional changes in favour of transparency, public sector efficiency, and market competition. By 1999, Italy's privatisation programme was among the largest in the OECD. Reform of It
Description based upon print version of record.
""Regulatory Reform in Italy""; ""FOREWORD""; ""ACKNOWLEDGEMENTS""; ""TABLE OF CONTENTS""; ""Part I""; ""OECD REVIEW OF REGULATORY REFORM IN ITALY""; ""EXECUTIVE SUMMARY""; ""Chapter I""; ""REGULATORY REFORM IN ITALY""; ""INTRODUCTION""; ""Regulatory reform was the right cure for the rigid and inefficient state that Italy had become.""; ""Many of the regulatory problems facing Italy were the result of outdated policies put into place decades earlier...""; ""...and other problems are a legacy of anti-market practices and central controls that over time created pervasive moral hazards.""
""Box 1.1. What is regulation and regulatory reform?""""The SME sector, operating mostly outside state controls, became the most dynamic.""; ""THE MACROECONOMIC CONTEXT FOR SECTORAL REGULATORY REFORM""; ""Macroeconomic stabilisation in preparation for monetary unionâ€?""; ""â€?triggered a broad programme of structural reforms to address problems that impeded the benefits of macroeconomic reforms.""; ""Italyâ€?s economic â€œGolden Ageâ€? through 1973 was a period of catch-up in Europe.""
""In the 1970s, the convergence of several negative factors cut Italyâ€?s virtuous circle, and a period of painful adjustment was at hand.""""Income gaps between north and south were not reduced by decades of centralised strategies, and the market seemed to offer new hope.""; ""Competitive and efficient service markets have been slow to emerge, partly due to poor regulation.""; ""Smaller firms are thought to be an Italian strength, but, oddly, they fail to grow.""; ""Corporate governance problems reduced the effectiveness of market forces even where they were allowed to flourish.""
""Italy failed to use trade liberalisation to spur domestic liberalisation...""""â€?and anti-competitive regulatory practices became common in the post-war years, as licenses and concessions spread like the plague.""; ""The limits of state intervention were first reached in the 1990s with state enterprises. The answer for many was privatisation.""; ""Box 1.2. The rise and fall of the Italian model of public enterprises""; ""The EU single market and advocacy from the Italian Antitrust Authority helped move privatisation forwardâ€?""
""...but preparing for competition required many preliminary and transitional steps.""""The conditions for market competition were enhanced with reforms to financial markets and corporate governance.""; ""Finally, reforms were unlikely to succeed without deep reform of the public administration.""; ""Privatisation took off in 1993, and by 1999 Italy had become one of the largest privatisers in the OECDâ€?""; ""â€? although a lingering tendency to hold golden shares will create some market uncertainty.""
""Banking privatisation reduced the share of public banks in credit activities from 75% to 20% by the year 2000â€?""
 Starting later than many countries, Italy devoted the 1990s to ""catching up"" with the leading OECD countries in economic and governance reforms. The scope, speed and consistency of structural reforms by multiple governments were remarkable. Accumulated rigidities and practices of decades were re-assessed, and many rejected. Awareness of the excessive role of the state in the economy led to broad policy and institutional changes in favour of transparency, public sector efficiency, and market competition. By 1999, Italy's privatisation programme was among the largest in the OECD. Reform of It
Deregulation.
Economic conditions.
Economic policy.
Industrial policy.
Italy.
Trade regulation.
Trade regulation
Deregulation
Industrial policy
Management
Industrial Management
Business & Economics
OECD Reviews of Regulatory Reform