Part 10/14:
Decentralization, especially empowering southern regions
Incentivizing entrepreneurship and innovation
Reducing bureaucracy and administrative burdens
He observes that similar strategies succeeded in the southern United States, which outpaced more heavily regulated and unionized northern states. Calabria, Sicily, and other southern regions could become engines of growth if reforms are enacted.
The Role of Culture and Meritocracy
Italy’s strong family-oriented culture and nepotism influence its economic landscape. Many businesses prioritize family connections over merit, discouraging young talent and innovation. High administrative hurdles exacerbate this, compelling many skilled Italians to emigrate.