Meritocracy, Growth, and Lessons from Italy's Economic Decline

This book draws lessons on the importance of meritocracy for economic growth by analysing Italy''s economic decline in the past few decades. Connections, rather than merit, are a long-standing feature of the Italian elites, even in the corporate sector. This became a significant problem when Italy''s economy could no longer grow due to imitation, devaluation, and public debt, and faced the challen...