AN ECONOMICS POINT: 8. FOCUS 2009.
AUTHOR: Sandro Trento.
2009 was for the Italian economy, and not only the worst year since the Second World War. The gross domestic product decreased by 5% in November, the unemployment rate has reached 8, 3%, the highest figure since April 2004. The rate of employment and 'declined to 57% and the number of people without jobs has exceeded the quota of two million for the first time since 2004. In a year of unemployment and 'increased by 18%, this is 313 000 more people out of work over the previous year. The layoffs earnings quadrupled in 2009, a horrible year for the Italian economy.
The most worrying thing is that this terrible year, linked to the international crisis, is part of reality in a very worrying trend that the Italian economy experienced for many years. Italy is impoverished compared to other countries, if we set equal to 100 on average per capita gross domestic product of the European Union to 27 countries, we find that in 2001 the Italian GDP per capita was 100.17, that were richer than the average. In 2006 we dropped to 100.3 in 2008 and declined to 99.5, ie we are poorer than the average of European countries. In 2009, Italian GDP per capita fell further to 98.8.
We are becoming progressively poorer than the rest of Europe. Several studies show that more than 20 years we are one of the advanced countries where the strongest are the inequalities in the distribution of income and wealth, and we are one of the countries where poverty is most present. This growing inequality in Italy tends to persist from one generation to another, so that the fate of children is largely dependent on the fate of their parents. In other words, he stopped the mechanism of social mobility: the poor tend to remain poor and the rich tend to stay rich, and the distance between the two is increasingly pronounced.
Faced with crisis so great as that of 2009, the worst postwar economic situation and a more worrying in Italy, Berlusconi's government has remained stagnant. The budget last year was very limited, one of the more timid moves among the advanced countries affected by the economic crisis.
Although we were among the countries in difficulty, the Berlusconi government has not made a proper maneuver to deal with the crisis, which explains why it hurt jobs, increase unemployment and there is a growing insecurity among workers and young people , which are among the most affected because they enjoy less protection than the older generation.
The Italian paradox is that despite the budget package was very limited the Italian public debt has grown by 10 percentage points from 2008 to 2009, this is because the current expenditure of the Italian state has continued to grow. The government has not been virtuous, has not given up on making a move to focus on the development of fiscal consolidation.
not only fiscal policy was not adequate to the crisis we experience, but nothing has been done in other fields: there was no talk of structural reform, there has been no action that would allow the Italian economy which would enable the economy Italian to deal with the post-crisis situation in a better situation.
In recent weeks we hear of the need to reform, but our fear is that reforms involving the government are those that affect the person of the Head of government, that justice reforms and not the welfare of the citizens.
We think it would be necessary to have the courage to face in 2009, the height of the crisis, some fundamental issues. The first is the reform of social safety nets, it was time to put hand to a system that would protect all workers, regardless of age, the scope of use and the size of the enterprise, in order to deal with situations of absence Working with the universal character of social safety nets. This was an emergency to deal with.
Another important issue is to think from now on need to reduce public spending power. We had put in the yard of the reforms that affected the current public spending and lower taxes, both at work and on business.
as the third component, which we think is important, we must re-open a period of liberalization. Return to open up closed sectors to competition, enabling young people who want to open a business without too many obstacles. The competition is a mechanism that can allow it to grow back.
If we were in government we will do at least these three things to help the country to return to growth. We doubt that Berlusconi's government intends to put his hand to this type of reform.
IDV - Civitavecchia
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