2005 OECD Economic Surveys: Italy 2005

image of OECD Economic Surveys: Italy 2005

OECD's periodic survey of Italy's economy. This issue examines key policy challenges including continuing adjustment to the EMU, fiscal reform, enhancing corporate governance and the functioning of financial markets, migration, and reforms to expand employment and productivity.

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Human Capital and the Labour Market

Italy exhibits a significant human capital gap vis-à-vis the OECD average, encompassing: relatively low rates of completion of secondary and especially tertiary education; disappointing PISA test scores despite high spending at the secondary level; a large brain drain toward the US and UK but very few foreign students in Italy; low spending and organisational problems at Italian universities and research establishments; low numbers of researchers and lagging R&D activity, especially private.

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