Which Are the Key Success Elements of Made in Italy and Italian Excellence and Which Are the Major Threats?
Many leading brands in Made in Italy footwear such as Ballin, Fratelli Rossetti, Tod's and Testoni pay close attention to the need to use handmade methods and highly skilled human resources in craftsmanship in their mission, for the production of high quality products that can also become objects of collection.
The objective of such a move is to reduce public debt. The government also restores investor confidence in the country. High investor’s confidence indicates that people are willing to spend money on the economy (Holm, 2006). Similarly, increased business confidence raises output in order to meet the high demand for consumer products. Freedom and the ability of the government to protect private property is another factor behind Italy’s economic growth. The two elements encourage individuals to enhance their livelihoods (McDonald, 2005). In light of this, Italy experiences GDP growth as an individual’s self-interests takes over (Holm, 2006). By protecting the rights of citizens and providing a free operating environment, Italy is able to guarantee the economic success of its populace.
Federici, D., & Marconi, D. (2002). On exports and economic growth: The case of Italy. The Journal of International Trade & Economic Development, 11(3), 323-340.
Holm, K. (2006). Europeanizing export controls: The impact of the European Union code of conduct on exports in Belgium, Germany, and Italy. European Security, 15(2), 213-234.
McDonald, J. (2005). Domestic regulation, international standards, and technical barriers to trade. World Trade Review, 4(2), 249.