Italy+March+24 - March24,2011...

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March 24, 2011
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Population: about 59 million currently Republic and Parliamentary Democracy  Weak democratic traditions  Fascism (1922 44 ):Benito Mussolini 2 house parliament - Senate and Chamber of  Deputies  Secret ballot votes in parliament  President elected by Parliament and regional  representatives for seven year term Current prime minister: Silvio Berlusconi 
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Christian Democrats (DC): 1948-1993; coalitions with  other parties; cross class and internal factions (left vs.  right wing) Italian Socialist Party (PSI): localist tendencies  Italian Communist Party (PCI): Separated from PSI under the influence of soviet-style  revolution Record of efficient and successful local administration  Gradually shift to the center Never in government since 1947 Adopted social democratic program and changed name to  Democratic Party of the Left, now Democrats of the Left (PDS).    Marxists split to much smaller Communist Renewal Party Minor Center Parties New parties since the 1990s: e.g. “come on Italy”  founded by Berlusconi and merged into “people of  freedom” in 2009 
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Political corruptions and scandals: 1992-1994  scandals Including 20% of Parliament, two former  Prime Ministers and hundreds of business people   Least politically stable among developed  countries: 1945-2005 about 60 separate  governments 
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Economic dualism: modern industrial economy in the  north and center and sizable traditional sector in the  south Large agricultural sector  Relatively low GDP per capita among developed  countries Labor participation rate is around 60%; Women  around 40% 25% of the labor force are self employed Emerging and growing non-traditional employment High unemployment
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Higher growth during 1950-1980  than most other  countries   1991-2001 lowest job creation rate among developed  countries (almost none) Highly trade dependent Very large informal economy: about 20 30% GDP  Unreported and untaxed  Data on GDP, labor force, unemployment, etc., unreliable Government controls 50% of output, largest of any  Western countries http://www.youtube.com/watch?v=sSlkMcRh8h4
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Source: IMF
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This note was uploaded on 11/20/2011 for the course LABOR STUD 575:301 taught by Professor Liu during the Spring '11 term at Rutgers.

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Italy+March+24 - March24,2011...

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