Analysis of Factors That Have Hampered Economic Growth in Italy

Abstract

Italy's economic growth since 1990 faced domestic challenges, including structural issues, tax evasion, bureaucratic inefficiencies, and political corruption. Externally, as an EU member and participant in global economic forums, Italy's fiscal policy constraints and the need for a comprehensive strategy to foster economic development are evident. This article employs a multifaceted research approach to analyze the economic development of Italy in 1990. First, the documentary analysis includes a comprehensive review of the academic literature of various economists, the historical record of Italy and Europe, and the study of national institutions to understand the economic situation at that time. In addition, quantitative data analysis was conducted using economic indicators such as GDP, unemployment rate, and investment and trade data. These data were statistically analyzed to identify trends and implications for the development of the Italian economy. A combination of literature and data analysis methods were used to comprehensively analyze Italy's economic development since 1990 and to provide an overall understanding of both internal and external factors that influenced its economic development. Finally come out with recommendations for Italy's economic development that will help it to develop effective policies and strategies that will lead to a more sustainable path of economic growth.