The Italian system as a safe haven from global risks
3' min read
3' min read
Italy does not sufficiently exploit its main asset, which is made in Italy, nor its strategic position in the Mediterranean, the factors most considered by investors. Of the Belpaese frightens mainly the bureaucracy and the complexity and length of the legal and jurisdictional system, followed by the high tax burden. These are some of the indicators emerging from DLA Piper's research developed on a sample of 32 countries, which will be presented on 25 May at the Trento Festival of Economics. The most significant 'number', which indicates the vital need to reverse course, is the paltry 3% of the sample that judges our country to be 'very attractive'.
But should we necessarily only read these figures in negative terms? We would say no, especially in this era of great geopolitical tensions, which correspond, as always in history, also to great opportunities to, precisely, reverse course and start travelling around the world proud of who we are, a bit like the beautiful voyage that our sailing ship Amerigo Vespucci made. This is why, during a Festival of Economics that will have its focus on the current scenarios of 'Risks and fatal choices' that put 'Europe at the crossroads', it seems interesting to us to propose the possibility that the creation of a 'system Italy' opens up the opportunity for our country to represent a 'safe haven against global risks'. A safe harbour in the new 'global disorder' that investors must look to in its systemic architecture.
Obviously it is a complex path that cannot focus only on better communication of our country and on that internationally perceived stability that is nowadays the most valuable result achieved by the current government, but concrete and rapid choices are needed, with Europe, but, let's say, even apart from Europe if the timeframe is long, then Europe will follow.
Some initiatives are already in place, the Mattei plan on Africa and the international missions devised ex ante, bringing together participating companies in a structured manner. The fact that at least abroad we are starting to present ourselves as a supply chain or district (this should also be the case within our borders, because entrepreneurial dwarfism does not help anyone and exposes us to hostile attacks), are undoubtedly expressions of two of the pillars on which this path should rest, namely:
- Propose Italy as a hub for investments in Africa and more generally in the 'extended' Mediterranean;
