Michele Geraci -Economia, Società e Mondo - Sfide ed Opportunità per l'economia italiana

Italy and China manufacturing have a high degree of overlap, 60%. What to do?

During the China International Import Expo 2019 in Shanghai, I talked about the Italy and China trade relationship on Caixin one of the leading media in China. Here are my key points for the interview: 1) Although Italy and China manufacturing overlap with a high degree of 60%, more cooperation of the complementary 40% will bring opportunities in trade; 2) Chinese companies should do more greenfield investment in Italy to balance the nature of investment flows, which is skewed too much towards M&A. 3) Focus on cross-cultural exchanges. Language and cultural barrier causes cognitive barriers between Italy and China which then lead to missing business opportunities. More knowledge means lower risks and higher propensity to invest. After all, Italia and Chinese culture are very similar, especially with Southern Italy (Trust me on this!)

Italian Exports grew by 8% in May for a cumulative growth of 4% during the first 5 months of 2019

Export of our Made in Italy is confirmed as driving force of our economy. Representing about one third of the country’s GDP, every 1% of export growth translates into 0.3% growth in Italy’s overall GDP. In line with our strategy “Protection of Key Countries and Promotion of Emerging Countries”, a major push came from non-EU countries, where we have concentrated our institutional trips. Great performance of our export in the United States, from where we have just returned.

What emerged from the recent G20 Digital & Trade in Japan?

The 2019 G20 ministerial meeting on trade and the digital economy held in Tsukuba in Japan ended at the...

Meeting with Amazon and Yamato in Japan: Three-pillar strategy of the e-commerce market

To guarantee this technological leap linked to international trade, we need to implement a strategy based on three pillars: 1) digitalisation, 2) the development of digital payment systems and 3) the strengthening of the logistics sector. Without one of these factors, the internationalization of companies cannot be completed, in a world that always gives more room to digital forms of trade, even cross-border.

Toyota signs an agreement with CATL and BYD for electric car development

As we are in Japan to participate in the G20 Trade & Digital Economy, Toyota announces agreement with the China’s CATL as well as BYD for the supply of electric batteries, aiming to achieve sales of 5.5mn electric cars by 2025, 5 years ahead of schedule (2030).
Here are my comments:

Italian exports to non-EU countries grow by 6.7%

The Made in Italy export data to countries outside the EU confirm the positive trend since the beginning of...

Italy and Germany: Cooperation on startup global programme

Start-ups should be getting more attention for their contributions to employment. According to Tim Kane (Figure 1), startups create most new net jobs in the US. Between 1977 and 2005 they contributed nearly all the roughly two million to three million new jobs created every year.

Italy in the new global economic equilibrium

My speech at the 85th Anniversary of Ispi institute in Milan: 1) what are the redistributive effects of free trade; 2) why I insisted so much for the signing of MoU on BRI; 3) which is the dominating theory, Krugman or Ricardo?