italy globalisation and the knowledge economy andrea gavosto chief economist telecom italia oecd conference paris october 9 2006 2 is sick man of europe 3 output 90 95 100 105 110 115 2000 2001 2002 2003 2004 2005 germany france uk jan monthly industrial production july source global insight hasn t recovered its year level 4 italian market share elaborations ice data world exports 5 1992 1993 1994 1995 1996 1997 1998 1999 volumes foreign direct investment 0 20 40 60 80 1990 as a gdp in us limited attractiveness reach abroad unctad for estimates4 7 1 japan south korea usa finland belgium spain china billions euros estimates based on eurostat chinese ministry trade 6 it decline probably