[Autom. eng. transl.] The data on the different development paths presented in the previous chapter show that there is no one-way relationship between the highest level of GDP per capita, and its greatest increase over time, on the one hand, and the extent of income inequality from 'other. In other words, high-income conditions are not necessarily associated with lower inequality. Situations of stagnation or low growth are accompanied more uniformly by high inequality. It is evident that a competitive production structure, based on innovation, productivity growth and the ability to export quality products with a high technological content, allows for wider margins for effective redistributive interventions aimed at combating inequalities. It is therefore important to characterize our paths from this point of view and identify the main differences between them. But this is not enough. A good level of income and more solid development appear to be favorable but not sufficient conditions for more inclusive growth. We hypothesize that they should therefore be integrated with other institutional factors - in particular the redistributive interventions linked to industrial relations and the welfare model - which in turn involve the influence of the political-institutional structure and will be analyzed later. In order to proceed in this direction, it is therefore appropriate first of all to ask some questions. What is the degree of solidity of the production system and on what is it based? How do the quantity and quality of employment vary in different development paths? How do corporate governance and financing mechanisms differ? It is good to warn that we will address these issues in a very schematic way, for the sole purpose of outlining the main characteristics of the production engine that differentiates our ideal-typical paths of more or less dynamic and inclusive growth.
|Translated title of the contribution||[Autom. eng. transl.] Productive structure, employment and corporate governance|
|Title of host publication||Capitalismi e democrazie. Si possono conciliare crescita e uguaglianza?|
|Number of pages||22|
|Publication status||Published - 2020|