| Abstract: | In the early 1990s, Italy was drawn into a spiral of unprecedented transformation precipitated by changes that were taking place both inside Italy and on the international scene. Financial, political and institutional crises were superimposed in ways that brought into question the survival of the whole Italian system. This occurred at a moment when world geo-political relations were shifting dramatically and radically changing established relations, attitudes and policies and marked the beginning of a long period that is often described as a ‘transition’. But since the outcomes still remain far from certain, it is necessary to consider how accurately this term describes what has been taking place in Italy over the last two decades. This paper shows how more careful identification of the different phases and components of the crisis enable us to understand why the upheavals of 1992–94 have led to a systemic crisis of the Italian economy and politics. |
