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Round Table: The Impact of Globalization on the Italian Business Sector

Round Table: The Impact of Globalization on the Italian Business Sector

Sponsored by
Poltrona Frau, Washington DC

When: Monday May 12, 2008
06:00 PM - 09:00 PM
Registration is closed
Where: Embassy of Italy
3000 Whitehaven St NW
Washington, DC 20008

The Italian business and commercial sector is facing one of its greatest challenges of the last several decades. With the opening and maturing of new markets around the world, Italian businesses are being particularly hit hard on all fronts. The manufacturing sector has been heavily affected, and has had to resize itself. The government, in accordance with the Maastricht treaty, has been forced to reduce its aid. The strong euro, has further inhibited the ability to improve competitiveness through a currency devaluation. In light of these changes, Italian companies have found themselves in a hostile climate: having to operate with a public administrative sector that is bureaucratic and burdensome, and a labor market choked with regulation and unable to allow project-oriented employment solutions.

Squarely taking on these new challenges, some small- and medium-sized companies have nevertheless aggressively pursued opportunities and made investments, in particular, in high value-added product areas. Recent data suggest that they are beginning to have some success.

It is now necessary to begin to understand what to make of these early successes, what are the key success factors, and what are the broader questions that the business community must pose to the political class to reinforce and sustain these initial victories. It is also necessary to assuage those that suggest the only solution is through consolidation and the formation of large multinationals, and instead to promote the value of well-organized networks of independent small- and medium-sized companies, which are typically Italian business structures. A story which sees development on a human scale.

Invited Speakers

Arrigo Sadun
Executive Director, International Monetary Fund

Gian Marco Andrei

Counselor Stefano Beltrame
Head of the Economic, Commercial and Scientific Affairs Office of the Embassy of Italy in Washington

Sandro Bicocchi
CEO, Fiera Milano Internazionale

Cristina Carbognani
President, Api Reggio Emilia (CONFAPI)

Giancarlo Lanna
Chairman, Italian Financial Institution for the Development and Promotion of Italian Business Abroad - Societá Italiana per le Imprese all'Estero (SIMEST)


6:00 – 6:10 pm Welcome
Minister Sebastiano Cardi, Deputy Chief of Mission Embassy of Italy
6:10 – 6:20 pm CIIM Overview
Francesco de Leo, Executive Vice President CIIM USA & President CIIM Washington DC
6:20 – 6:40 pm Introduces
Arrigo Sadun, Executive Director, International Monetary Fund
6:40 – 7:50 pm Round Table
7:50 pm – 8:00 pm Closing Remarks Tomaso Veneroso, President CIIM USA
8:00 pm – 9:00 pm Meet & Greet Rinfresco

Additional Info

Pre-event cocktail and ouer d’oeuvres

Round table panelists, CIIM members and Corporate sponsors are invited to a private pre-event cocktail and ouer d’oeuvres function. Please contact CIIM Washington for details or to inquire about corporate sponsorships.

When: Sunday May 11, 2008, 7-10 pm
Where: Poltrona Frau
1010 Wisconsin Ave NW
Washington, DC 20007