Tuesday, October 27, 2015

Squinzi: “An industrial policy for growth” – Il Sole 24 Ore

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This article was published on Oct. 27, 2015 at 8:16.
The last change is the 27 October 2015 at 10:19.

He began by recalling that Confindustria has always wanted the Expo, an event on which it is spent personally. And focusing on the legacies that will leave the World’s Fair, one in particular: the awareness of being “an extraordinary country of transformers, makers, innovators, able to deal with a season in which dominate the market who will be able to meet the new needs” . Giorgio Squinzi is the meeting of Assolombarda, Confindustria Monza and Brianza, the Expo.

“Our value is recognized us every day, increasingly competitive markets. The problems are in our country, culture unfavorable to the company, in its high debt, the domestic demand that is struggling to recover, in the stagnation of sectors such as construction and distribution. ” In short, “we are bright, but afflicted ancient evils, from which we struggle to heal.” It is on these evils and how to get out of the Confindustria president insisted in his speech, from the low productivity, the question “underestimated but crucial to grow in a robust way and produce good work.” There are favorable conditions, determined by the devaluation of the euro, the low prices of energy, the liquidity provided by the ECB. The pressure of Squinzi is to exploit this potential. Requires an industry policy, revised: “Today the industrial policy integrates a unique insight productivity, overall profitability of investments, economic and social sustainability, constant innovation and creativity.”

There is a need, he urged the president of Confindustria, of a policy for innovation and industry, “Now, not only in Italy in Europe.” If the government acted with the same vigor and determination used for reforms in the field of industrial policy “benefits for Italy could be substantial.” Industrial Policy, continued Squinzi, is back in the West after a long absence and ‘with some reflection rightly critical. ” The economic policies have yielded disappointing results, so much so that Germany Launches Industry 4.0, Britain pushes on programs reshoring, France offers the system approach on major projects to the country. Europe, he added, trying to follow their own path going towards a new growth model that seeks to combine efficiency and productivity, social cohesion and excellence in sustainability. An economic model, said Squinzi, who needs a strong manufacturing base but also an environment conducive to innovation, adequate infrastructure. Concepts contradict the logic of ” expansionary austerity “and with the heavy territorial differences that there are in the EU. “We have been pro-European, even in a time when it’s hard to believe the Union. But today we have to think first to Italy, the recovery of growth. “

You can not, however, deal with” the new paradigms of global competition “with the approaches of the past. Therefore it is appropriate to define what should be the kind of government intervention in the economy. “The first action that must be asked the state is to free up the market and the competition.” Reason: “Politics did not give beautiful manifestation of himself in some economic aspects of public life. I only remember a sort of undue occupation of the spaces that opened the State and the Regions when entrepreneurs are made or when emergencies were chased badly, see Ilva ». We must raise the technological challenges, focus on innovation, digital, innovate business models. Finally boost domestic demand, with a stimulus to the construction, tourism and distribution: a look “vital” because the country can not stand long with an approach lead export.

In this scenario, the president of Confindustria appreciated the efforts made by the government on some important reforms like Jobs Act, education and Pa. Another important step will be the law of stability: “Expect to take a more comprehensive – concluded Squinzi – also as a result of the choices that will be made by the Commissions and parliamentarians from the Chamber. ” Conviction of the president of Confindustria is that the recovery of the economy and the work is made with the reforms, “but is realized only with the policies.” This phase was characterized by a strong reformist drive, some results are important, “but you have to defend and extend the strength of discontinuity which breaks the crust of the conservative Italian society.” At the same time Italy needs a policy for industry and innovation, to recover growth and accelerate and qualify our expertise, productivity and efficiency. “This – he concluded – is the real issue to attack and solve. Before us there is a world that is moving, trying new, quality, creativity. It is as if he said that made-in look, that look Italian. It’s up to us to respond. “

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