Yearning for Inclusive Growth and Development, Good Jobs and Sustainability

1. Front Matter

   Pages i-vi

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2. Solving the Problem in Italy and Much of Western Europe

   • Edmund S. Phelps

   Pages 1-5

3. Trump’s Challenge to the World’s Liberal Economic and Trade System

   • Dominick Salvatore

   Pages 7-17

4. Populism and European Integration: Diagnosis and Policy Response

   • Marco Buti, Karl Pichelmann

   Pages 19-38

5. East Versus West on the European Populism Scale

   • Raicho Bojilov, Jonas A. Gunnarsson, Gylfi Zoega

   Pages 39-62

6. Artificial Intelligence, Labor Market Structure, or Hysteresis of Past Recessions? Why Prices in Japan Do Not Rise Despite Quantitative Easing

   • Koichi Hamada, Makoto Sakurai, Masahiko Kataoka

   Pages 63-86

7. Technology and Trade Wars

   • Luigi Paganetto, Pasquale Lucio Scandizzo

   Pages 87-98

8. Cyber-Physical Systems and the New Socio-economic Paradigm: Technology, Knowledge and Human Capital

   • Rainer Masera

   Pages 99-112

9. An Immediate Solution for the Euro Area Crisis: A Grand European Investment Plan

   • Pompeo Della Posta, Enrico Marelli, Marcello Signorelli

   Pages 113-135

10. Inequality Undermines Democracy and Growth

    • Thorvaldur Gylfason

    Pages 137-158

11. Innovation and Africa: Much to Gain, Nothing to Lose!

    • Domenico Fanizza, Amadou Boly

    Pages 159-173

12. Analysing the Redistributive Effects of the Italian PIT with Tax Files

    • Paolo Di Caro

    Pages 175-188

13. Great European Crisis: Shift or Turning Point in Job Creation from Job Destruction

    • Martino Lo Cascio, Massimo Bagarani

    Pages 189-202

14. Multinationals: The Role of Consumers and a New European Fiscal Trend

    • Anna Pellanda

    Pages 203-214

15. Realizing a New Social Market Economy in Europe in the Coming Years

    • Otto Hieronymi

    Pages 215-234

This book addresses topics and issues of high relevance to the widely shared desire to promote inclusive growth, sustainability, and innovation within a context of global governance. It is based on the XXXth Villa Mondragone International Economic Seminar, where leading experts met to discuss the latest research and thinking on different aspects of globalization, trade, inequalities, growth imbalances, green technologies, the labor market, and financial systems. The aim is to stimulate new responses and possible solutions to a variety of well-recognized problems, including low growth in real wages, stagnating productivity, and growing disparities in income. Some of these problems are especially evident in Europe, where austerity policies have failed to deliver adequate growth and investment. However, while a number of the contributions focus on aspects of particular importance to Europe, others look further afield, for example to the scope for innovation in Africa and to experiences with quantitative easing in Japan. The book will be of wide interest to academics, researchers, policy makers, and practitioners.

• redistribution policies
• inclusive growth
• inclusive development
• European integration
• digital economy
• quantitative easing in Japan
• European populism
• social market economy
• renewable energy technologies
• globalization
• shared growth
• XXXth Villa Mondragone International Economic Seminar
• global governance

• FUET, Economics Foundation, University of Rome Tor Vergata, Rome, Italy

  Luigi Paganetto

Luigi Paganetto is Emeritus Professor and Full Professor of European Economics at the University of Rome Tor Vergata, and President of the Economics Foundation Tor Vergata for Economic Research. He participates as an expert in European and International working groups. He is the author of articles and books in the fields of Macroeconomics, International Economics, Italian and European Industrial Economics, and Energy and Environment.

Policies and ethics