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The Italian Economy Seen from Abroad over 150 Years

Author

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  • Marcello de Cecco

    (Scuola Normale Superiore di Pisa and LUISS Roma)

Abstract

Since it became a united country, Italy was looked at with keen eyes by foreign economists, economic historians and policy-makers. They wanted to see whether it would be possible for the economy of a country which had in the XVII and XVIII century regressed to the role of agricultural raw material exporter after having been the premier site of European industry, trade and especially finance, in the Middle Ages and the Renaissance, to redress itself and join the industrial revolution making good use of its population and territory, which gave it the potential to be among the great powers of Europe. In this paper several instances of this are considered, focusing on foreign observers who concerned themselves with the Italian economy at different stages of its development. An attempt is made to see what influence their opinions had on Italian economic debate and Italian policy-making.

Suggested Citation

  • Marcello de Cecco, 2011. "The Italian Economy Seen from Abroad over 150 Years," Quaderni di storia economica (Economic History Working Papers) 21, Bank of Italy, Economic Research and International Relations Area.
    • Handle: RePEc:bdi:workqs:qse_21
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    Cited by:

    1. Guido M. Rey & Luisa Picozzi & Paolo Piselli & Sandro Clementi, 2012. "Una revisione dei conti nazionali dell'Italia (1951-1970)," Quaderni di storia economica (Economic History Working Papers) 27, Bank of Italy, Economic Research and International Relations Area.
    2. Francesca Francioli & Alberto Quagli, 2021. "Management accounting change and the rise of Vespa (1884-1965)," MANAGEMENT CONTROL, FrancoAngeli Editore, vol. 2021(suppl. 2), pages 313-338.
    3. Riccardo De Bonis & Fabio Farabullini, & Miria Rocchelli & Alessandra Salvio, 2012. "A Quantitative Look at the Italian Banking System: Evidence from a New Dataset since 1861," Quaderni di storia economica (Economic History Working Papers) 26, Bank of Italy, Economic Research and International Relations Area.
    4. Riccardo De Bonis & Andrea Silvestrini, 2014. "The Italian financial cycle: 1861-2011," Cliometrica, Journal of Historical Economics and Econometric History, Association Française de Cliométrie (AFC), vol. 8(3), pages 301-334, September.

    More about this item

    Keywords

    Italy; Economic history;

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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