The government’s role in fostering innovation

Do governments have the capacity to foster innovation? Truly, governments can and do play a critical role in encouraging innovation, by actively creating new markets, rather than just regulating them. Data from all over the world account for billions of public-sector dollars that have flowed toward downstream applied research, even providing early-stage financing for companies....

Investing savings in productive and income generating assets

Since the outbreak of the pandemic, deposits of households and businesses with banks have increased by more than €200 billion. This increase reflects both the effect of government restrictions to reduce the spread of the infections, and the strong uncertainty on economic prospects experienced up to nowadays, with the well-known events that are perturbating the...

Structural differences in Italy but heroic entrepreneurs hold the fort!

The Italian productive system is one of the most fragmented in Europe, with a variety of differences in management approach and, consequently, in performances. Italy is also the country where more than 90% of enterprises are defined as micro and SMEs, mostly family-owned businesses with latent potential, due mainly to lack of structural support and...