#639 | What’s Wrong With Italy’s Economy?

Italy builds Ferraris and Lamborghinis, welcomes millions of tourists, and produces food, fashion and design admired around the world.   Yet beneath all that beauty, its economy has spent decades running without going anywhere. What went wrong, and what, if anything, can be done about it?   Italy’s unification: a poor agricultural economy Post-war economic miracle: Fiat, Vespa and Olivetti Small family firms drive industrial growth Lira devaluation keeps Italian exports competitive Rising public debt during the 1980s Euro membership removes currency devaluation Productivity stagnation after the computer age begins Small firms, bureaucracy and family management Temporary contracts divide younger and older workers Brain drain, low births and an ageing population Full interactive transcript, subtitles and key vocabulary available on the website: https://www.leonardoenglish.com/podcasts/italy-economy --- You might like: 🔓 Unlock bonus episodes, interactive transcripts, subtitles & vocabulary lists ✨ 5 Powerful Tips for Learning English with Podcasts (Faster & Effectively!) [YouTube] 📧 Join our FREE weekly newsletter--- Keywords: Learn English, vocabulary, lessons, idioms, aprende inglés, idiomas, aprender inglês, apprendre l'anglais, imparare l’inglese, ingilizce öğren,英語を習う, تعلم الإنجليزية