Economic growth and corporate renewal

Abstract

To address competition from Emerging and Industrialized Countries it is necessary for Italian companies to face structural and financial reforms. Structural reforms will affect and improve processes, products. They will upgrade knowledge transfer. At the same time, financial reforms are necessary to adjust firms’ dimensions with what markets and international competition require. A movement in the right direction is the rise of innovative medium firms. These corporations are spreading through affiliation networks which improve the systemic efficiency and that are responsible for the progressive deep changes in the industry. Italy’s growth strategy will call for appropriate industrial policies and supported by a widespread socioeconomic consensus.internationalization, technological change, international trade, emerging countries.