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Italian economic “ miracle”

Italian economic “ miracle”. Post–World War II economic expansion. Italian economic miracle ( Italian : il miracolo economico ). Constant GDP growth on average 5.9% each year, reaching the peak of 8.3 in 1961 Industrial output peaked at over 10% each year

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Italian economic “ miracle”

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  1. Italianeconomic “miracle” Post–World War II economic expansion

  2. Italian economic miracle(Italian: il miracolo economico) • Constant GDP growth • on average 5.9% each year, reaching the peak of 8.3 in 1961 • Industrial output peaked at over 10% each year • rate surpassed only by Japan and West Germany • Practically full employment • 1963: Investment reached 27% of GDP

  3. Fiat 600, iconic middle-class dream car and status symbol of the 1950-60s

  4. Olivetti typewriter in 1950s

  5. Marshall Plan

  6. Marshall plan expendituresSource: wikipedia.org

  7. Early Criticism: Wilhelm Röpke • WillDollars Save the World? • - Henry Hazlitt (1947) What do you think?

  8. Sources used: • Oscar Ornati, “Italian Economic Miracle”, www.jstor.org Social Research:1963 • Economy of Italy, www.wikipedia.org • Olivetti, en.academic.ru • Marshall Plan, www.wikipedia.org

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