Stagnazione della produttività e globalizzazione dei processi produttivi. Conseguenze per un'area ad alta intensità manifatturiera

Labour productivity growth means real wages and, in particular conditions, employment growth. The level of firm labour productivity in manufacturing sector depends on the quality of adopted technology. Usually large investments imply an upgrading technology. If productivity is growing also profits are increasing. At national and regionale level (North East) investments has been stagnant for some years and so that also productivity has not been growing. Despite this firm profits are increasing. Recent productive delocalization of many North East firms appears as a surrogate of standard investiment policy in new technology. Firms invest abroad their region and this investments does not appear in regional statistics. The consequences of these firm policies on the welfare region are not unambiguous at the moment. Firm profits are growing but real wages are stagnant or declining. Also the level of employment appers, slightly, to go down. So firm delocalization policies reveal a conflict about income distribution among regional workers, abrod workers and firms. Firm productive delocalizations keep up or enhance profits but benefits for region as a whole are not so obvious. Keywords: Labour Productivity, Income Distribution, Investment, Globalization Jel Classification: E24, F43, O11, O33, O47