THE ITALIAN MACHINE TOOL INDUSTRY

Secondo Rolfo

CERIS Working Paper from CNR-IRCrES Research Institute on Sustainable Economic Growth - Torino (TO) ITALY - former Institute for Economic Research on Firms and Growth - Moncalieri (TO) ITALY

Abstract: The Italian machine-tool industry has entered into an extremely delicate phase, regardless of the cyclical trend of demand. During the 80's the qualitative level of Italian production has increased, as demonstrated by the position of second largest European exporter, after Germany, and fourth largest in the world. However various symptoms of a progressive loss of competitiveness can be seen, largely due to a productive structure that has been improved with respect to the past, but not adequately to respond to the challenges of the 90's, in the form of technological innovation and internationalization.

Pages: 30 pages
Date: 1993-12
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Citations: View citations in EconPapers (9)

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Persistent link: https://EconPapers.repec.org/RePEc:csc:cerisp:199304

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