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Argentina Groups


Checco Zalone in Italy's popular movie "Quo Vado," (Where am I going?) about Italian's affection for the security of public sector jobs

01/14/2016

No prospect of career advancement. No problem said Italians in the past. Two of three Italians, according to newspaper La Stampa in Italy, now says they are willing to take risks if this means career advancement. Italy is changing in the provate sector as prime minister Renzi removes some of the strict labor laws that made firing and hiring difficult, reducing job mobility in the country. Yet the public sector has still similiar protections from that era. This movie provides Italians quite a few laughs, with the story of a government clerk whose only aspiration in life is a 9 to 5 government job, with some bribes, and authority to rubber stamp approvals. When asked what he had contributed in the movie the clerk proudly stamps, and stamps again with his rubber stamp. Spain created over 700,000 new jobs, Italy only about 125,000 in 2015 mostly parttime, showing how far Italy has still to go. Two countries where the movie could resonate are India and Japan. India because of the rubber stamp anecdote, and Japan because of the aspiration for work that offers job security for life- like Italy and Renzi, things are changing in India and Japan with Modi and Abe, a bit slowly.

Grouped Articles

The Secret Behind Italy’s Favorite New Film

New York Times 01/14/2016

Simple facts about China in 2015

09/23/2015

China's per person GNP is about one fourth the U.S. on a purchasing parity basis which covers the cheaper price of goods and services in developing countries. But this does not reflect the wealth distribution which is highly skewed geographically to regions on the coast and around cities such as Beijing and Shanghai, and in the population with wealth concentrated with the people in the top 20% of the population. As a result most people in China make only a small fraction of what Americans make. Wealth and incomes are also skewed in the U.S. since 2000 but not as much as in China. This is why China as a whole may not have arrived at middle income status. The other characteristics of China are the huge focus on infrastructure building through state run companies and banks, use of a large portion of the world's commodity resources, which is now winding down as China shifts to a more consumer driven economy. The boom years of growth are now behind China, and China faces further hurdles to growth in the next decade with the deb to GDP ratio estimated at about 270%. The Communist Party of China sees itself as the only way for China to continue the path to modernization and growth.

Grouped Articles

7 simple questions and answers to understand China and the U.S. - The Washington Post

Washington Post 09/23/2015

Poverty in Argentina in 2015

07/14/2015

Grouped Articles

Argentina’s Poverty Levels Could Prove Pivotal in Election

Wall Street Journal 07/14/2015


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