January 9, 2013

Bureaucracy versus investment: the decider

Economy

Bureaucracy versus investment: the decider

In just 11 months Rana pasta makers built a factory producing 25 thousand tons of pasta and sauce a year in Chicago in the United States. Gian Luca Rana, son of the founder explained that to get the green light for construction it only took a fortnight and five signatures thanks to the collaboration of the governor Pat Quinn, naturally enthusiastic faced with the prospect of new jobs (and maybe excellent Italian food!).

Good news? Well that was… but it took the company seven years to extend a similar production plant in Verona. Italian bureaucracy meant that Rana had to wait a very long time, time mostly spent making copies of documents and signing them. We won’t go into some of the more tragicomic Kafkaesque details Gian Luca related.

It is right to make checks, let’s be clear, but the risk of hindering investment is not and it’s a high price to pay in terms of economic growth, tax revenues and jobs. Some people will think: Italian companies are used to this system and they will end up investing anyway. Maybe, but let’s not forget this is a strong deterrent for a foreign company thinking about investing in Italy and foreign investments are a key element to any successful economy.

Economy. Tags: , , , , , ,

Share Post

Leave a Reply

Your email address will not be published. Required fields are marked *

Top