OECD ECOSCOPE – Reviving Italy’s Growth
by Mauro Pisu and Tim Bulman
Italy Desk, OECD Economics Department
In Curno, 50 km north east of Milan, is the headquarters of Brembo, the Italian company supplying brakes for Teslas and Ferraris as well as for mass market cars and motorcycles. Founded in 1961, its 255 employees generate over USD 3 billion of revenue from production facilities across 15 countries.
1500 km away, in Sicily’s south-east, Gaetana Jacono runs the Valle dell’Acate winery. She is bringing to six generations of wine making tradition new production technologies and distribution approaches that are developing exports to large new markets.
Enterprises like Brembo and Valle dell’Acate have helped Italy in recent years gradually recover from its extended recession. These are mostly medium sized enterprises that are highly productive and have grown activity and created jobs though investment and exports, supported by government policies such as the Industry 4.0 programme or labour market and education reforms.
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