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Case study: Italy Italy consists of a mountainous peninsula in southern Europe extending into the Mediterranean Sea and includes the islands of Sicily, Sardinia, and about 70 other smaller islands mostly around southern Italy. The Alps form Italy's border with France, Switzerland, Austria, and Slovenia. Most of Italy has warm, dry summers and mild winters, with northern Italy experiencing colder, wetter winters. There are some notable active volcanoes: Vesuvius (near Naples), Etna (on Sicily), and Stromboli (north of Sicily). The North of Italy has been very prosperous while the South, the so called Mezzogiorno, has been lagging behind. Regional governance and socio-economic conditions in the regions of the Italian Mezzogiorno seem to put serious constraints in economic development planning and policy making. Short-term priorities, lack of regional power and "adverse" social capital have limited the possibility of implementing such an approach so far. Sviluppo Italia has constantly monitored its local economic development projects as well...

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