Economic Strategies for Mature Industrial Economies

Economic Strategies for Mature Industrial Economies

Edited by Peter Karl Kresl

The global economy has transformed during the last few decades. Though the changes have benefited some, many mature industrial economies have not been treated well by the changes they have seen and have been forced to adapt to dramatically altered circumstances. In this collection of original papers, economists and geographers from Asia, North America and Europe examine the policy initiatives that have succeeded in their countries.

Chapter 8: A City Loses its Major Industry – What Does it Do? The Case of Turin

Daniele Ietri

Subjects: economics and finance, regional economics, urban and regional studies, cities, regional economics, urban economics


Daniele Ietri In this contribution the relationship between a city (Turin) and its major industry (the automobile) is discussed, summarizing both sides of the coin: the firm and its dynamics, and the urban policies of the city. The first section presents a brief account of how the automotive industry evolved and influenced the city according to a Fordist paradigm and how the emergence of an articulated productive system limited the impact of the economic crises. At the same time, the town faced the consequences of the rise and the fall of its ‘one company’: in a first stage apparently just adapting to the needs of the industrial system; in a second stage starting interventions which have reshaped the urban form and eventually the economic base of the city from the 1990s. This will be presented in the second section, reorganizing the main recent policies for the city in three distinct agendas, whose positive or negative effects are discussed where possible. The most recent economic highlights report on the renewed strategy of Fiat, approaching markets and competitors in both the USA and Germany; this is probably the starting point of a new phase which is still at too early a stage for any discussion on its effects on the city. In the final section two weaknesses of the policymaking process are pointed out in the form of proposals for the ongoing debate and eventually as a caveat for planning interventions in similar contexts. ONE COMPANY, ONE TOWN1 The origin of manufacture...

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