MAECI – LARGE FOREIGN COMPANIES AND ITALIAN PRODUCTION CHAINS: FROM THE IMPACT ON THE TERRITORIES TO THE INTEGRATION OF SMEs IN GLOBAL VALUE CHAINS
Although Italy has all the necessary economic potential, historically it has attracted fewer foreign direct investments than the other major advanced European economies. On the one hand, the limits to foreign investments are mainly factors that are external to companies, linked to the bureaucratic system, the slowness of justice, a complex tax system and above all, an unstable regulatory framework. On the other hand, Italy’s main factors of attractiveness are strictly economic, among which are the presence of strategic production chains of excellence and industrial districts. Despite the systemic difficulties, foreign-capital companies in Italy have managed to develop a very strong bond with Italian SMEs and their local industries. Through these links, foreign companies are able to transmit new knowledge by encouraging product and process innovation.
In this context, an analysis of the supply chains activated by foreign investors in Italy is essential to identify the Italian strengths in attracting new investments, new technologies and new production knowledge.
The study analyzes how, despite the systemic difficulties, companies with foreign capital present in Italy have managed to develop a strong link with Italian SMEs and their local industries. Its objectives in particular are:
The project is carried out by researchers from Luiss, Confindustria, Istat, Bank of Italy and a series of international experts
Two researchers from Luiss, Valentina Meliciani and Antonio Majocchi
Two researchers from Confindustria, Anna Ruocco and Massimo Rodà,
One researcher from IMT of Lucca, member of the Observatory’s scientific committee, Armando Rungi.
One researcher from ISTAT, member of the Observatory’s scientific committee, Alessandro Faramondi.
One researcher and ex director of ISTAT’s Statistic Production Department, member of the Observatory’s scientific committee, Roberto Monducci
One researcher from the Bank of Italy, member of the Observatory’s scientific committee, Roberto Torrini.
Aims and expected results
To maximize the impact of the results, the research project includes several products:
The project is carried out within the newly established Observatory on Foreign Companies in Italy (https://impreseestere.it/), created from the collaboration between Confindustria and SEP with the aim of becoming the reference point at a national level in the analysis and in the collection of data on foreign companies residing in Italy from an economic, environmental and social point of view, in partnership with the Ministry of Foreign Affairs and International Cooperation.
The team intense research activity has produced the following:
1 Multinational enterprises and local competencies international workshop, organized by School of European Political Economy held on June 17th 2022
2 Le imprese estere in Italia e i cambiamenti della globalizzazione, Working paper Luiss School of Government and Osservatorio imprese estere
Podcast – Le imprese estere in Italia: i nuovi paradigmi della competitività e della globalizzazione
(September 2022) SEP webinar for Master Degree students