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This open access book discusses financial crisis management and policy in Europe and Latin America, with a special focus on equity and democracy. Based on a three-year research project by the Jean Monnet Network, this volume takes an interdisciplinary, comparative approach, analyzing both the role and impact of the EU and regional organizations in Latin America on crisis management as well as the consequences of crisis on the process of European integration and on Latin America’s regionalism. The book begins with a theoretical introduction, exploring the effects of the paradigm change on economic policies in Europe and in Latin America and analyzing key systemic aspects of the unsustainability of the present economic system explaining the global crises and their interconnections. The following chapters are divided into sections. The second section explores aspects of regional governance and how the economic and financial crises were managed on a macro level in Europe and Latin America. The third and fourth sections use case studies to drill down to the impact of the crises at the national and regional levels, including the emergence of political polarization and rise in populism in both areas. The last section presents proposals for reform, including the transition from finance capitalism to a sustainable real capitalism in both regions and at the inter-regional level of EU-LAC relations.The volume concludes with an epilogue on financial crises, regionalism, and domestic adjustment by Loukas Tsoukalis, President of the Hellenic Foundation for European and Foreign Policy (ELIAMEP). Written by an international network of academics, practitioners and policy advisors, this volume will be of interest to researchers and students interested in macroeconomics, comparative regionalism, democracy, and financial crisis management as well as politicians, policy advisors, and members of national and regional organizations in the EU and Latin America.
Among the founding nations of the European Union, no nation has experienced a more devastating affect from the 2008 economic crisis than Italy. Although its recovery has recently begun, Italy has fallen even further behind EU economic leaders and the EU average. Looking at how and why this happened, Facing the Crisis brings together ethnographic material from anthropological research projects carried out in various Italian industrial locations. With its wide breadth of locations and industries, the volume looks at all corners of the diverse Italian manufacturing system.
When reproduction becomes a political issue, where do you stand? A CRISIS OF BIRTHS: POPULATION POLITICS AND FAMILY MAKING IN ITALY tells the fascinating story of Italian families in the 1990s, when Italy had the lowest birthrate of any nation in the world. You'll gain an in-depth understanding of why Italy's birthrate has fallen so low and what this means for Italians as individuals and Italy as a society and how reproduction has become politicized. Personal dialogues with ordinary people ranging from sweater-makers to counts, and aging bachelors to doting mothers reveal how a silent revolution against patriarchy reshapes social and sexual morality to create new imperatives for family making.
Using a rich assortment of scientific, medical, and popular literature, Natasha V. Chang's The Crisis-Woman examines the donna-crisi's position within the gendered body politics of fascist Italy.
Its brilliant prose makes [Empire's Mobius Strip] easily accessible to anyone interested in today's migration crisis in the Mediterranean and elsewhere in the world.― American Historical Review Italy's current crisis of Mediterranean migration and detention has its roots in early twentieth century imperial ambitions. Empire's Mobius Strip investigates how mobile populations were perceived to be major threats to Italian colonization, and how the state's historical mechanisms of control have resurfaced, with greater force, in today's refugee crisis. What is at stake in Empire's Mobius Strip is a deeper understanding of the forces driving those who move by choice and those who are moved. Stephanie Malia Hom focuses on Libya, considered Italy's most valuable colony, both politically and economically. Often perceived as the least of the great powers, Italian imperialism has been framed as something of "colonialism lite." But Italian colonizers carried out genocide between 1929–33, targeting nomadic Bedouin and marching almost 100,000 of them across the desert, incarcerating them in camps where more than half who entered died, simply because the Italians considered their way of life suspect. There are uncanny echoes with the situation of the Roma and migrants today. Hom explores three sites, in novella-like essays, where Italy's colonial past touches down in the present: the island, the camp, and the village. Empire's Mobius Strip brings into relief Italy's shifting constellations of mobility and empire, giving them space to surface, submerge, stretch out across time, and fold back on themselves like a Mobius strip. It deftly shows that mobility forges lasting connections between colonial imperialism and neoliberal empire, establishing Italy as a key site for the study of imperial formations in Europe and the Mediterranean.
In the first full length English language account of the Clean Hands Crisis of the Italian government, Patrick McCarthy finds the roots of Berlusconis rise and fall in the practices of clientalism, the machinations of the Mafia, the corporate direction of Fiat, the edicts of the Vatican, and even the organization of the Italian soccer game.
The Spanish economy entered a deep recession in 2020 due to the COVID-19 pandemic. A strong government response has protected jobs and firms. However, the crisis has exacerbated long-standing structural challenges, such as high unemployment, inequalities and regional disparities.
Italy’s political disaster under a microscope There is little that hasn’t gone wrong for Italy in the last three decades. Economic growth has flatlined, infrastructure has crumbled, and out-of-work youth find their futures stuck on hold. These woes have been reflected in the country’s politics, from Silvio Berlusconi’s scandals to the rise of the far right. Many commentators blame Italy’s malaise on cultural ills—pointing to the corruption of public life or a supposedly endemic backwardness. In this reading, Italy has failed to converge with the neoliberal reforms mounted by other European countries, leaving it to trail behind the rest of the world. First They Took Rome offers a different perspective: Italy isn’t failing to keep up with its international peers but farther along the same path of decline they are following. In the 1980s, Italy boasted the West’s strongest Communist Party; today, social solidarity is collapsing, working people feel ever more atomized, and democratic institutions grow increasingly hollow. Studying the rise of forces like Matteo Salvini’s Lega, this book shows how the populist right drew on a deep well of social despair, ignored by the liberal centre. Italy’s recent history is a warning from the future—the story of a collapse of public life that risks spreading across the West.
Recasting the birth of fascism, nationalism, and the fall of empire after World War I, Dominique Kirchner Reill recounts how the people of Fiume tried to recreate empire in the guise of the nation. The Fiume Crisis recasts what we know about the birth of fascism, the rise of nationalism, and the fall of empire after World War I by telling the story of the three-year period when the Adriatic city of Fiume (today Rijeka, in Croatia) generated an international crisis. In 1919 the multicultural former Habsburg city was occupied by the paramilitary forces of the flamboyant poet-soldier Gabriele D’Annunzio, who aimed to annex the territory to Italy and became an inspiration to Mussolini. Many local Italians supported the effort, nurturing a standard tale of nationalist fanaticism. However, Dominique Kirchner Reill shows that practical realities, not nationalist ideals, were in the driver’s seat. Support for annexation was largely a result of the daily frustrations of life in a “ghost state” set adrift by the fall of the empire. D’Annunzio’s ideology and proto-fascist charisma notwithstanding, what the people of Fiume wanted was prosperity, which they associated with the autonomy they had enjoyed under Habsburg sovereignty. In these twilight years between the world that was and the world that would be, many across the former empire sought to restore the familiar forms of governance that once supported them. To the extent that they turned to nation-states, it was not out of zeal for nationalist self-determination but in the hope that these states would restore the benefits of cosmopolitan empire. Against the too-smooth narrative of postwar nationalism, The Fiume Crisis demonstrates the endurance of the imperial imagination and carves out an essential place for history from below.
This paper describes the compilation of the first truly comprehensive database on gross government debt-to-GDP ratios, covering nearly the entire IMF membership (174 countries) and spanning an exceptionally long time period. The database was constructed by bringing together a number of other datasets and information from original sources. For the most recent years, the data are linked to the IMF World Economic Outlook (WEO) database to facilitate regular updates. The paper discusses the evolution of debt-to-GDP ratios across country groups for several decades, episodes of debt spikes and reversals, and a pattern of negative correlation between debt and growth.