The generation game

Article Abstract:

There is a large number of family firms in Italy, where small firms carry a great weight in the economy. Companies with under 100 employees account for 70% of the workforce in Italy, in contrast to the US and Germany, where the figure is some 20%. The development of the internet is tempting some companies to issue stocks, and the retirement of founders is having a similar effect. Stock options have also started to become a way of rewarding managers, who previously were not awarded such benefits.

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The complications of clustering

Article Abstract:

There are successful clusters of manufacturers in northern Italy, where a number of small machine tool firms produce machinery for successful consumer goods producers. Companies often have closed links with clients for whome they produce customised machinery. Some manufacturers may use machinery developed in-house so that their trade secrets are not exposed. Many companies in the region are successful exporters and this helps dampen competition from abroad.

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Better, but not best

Article Abstract:

Obstacles to economic growth in Italy are examined in detail, as is the performance of the Italian economy. There is hope that smaller companies can help to boost growth.

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