Answer:
You need to look at the macro, micro, political and cultural environments to understand the economic environments in Spain and Italy.
First, I would say that both countries clearly had hangovers from their involvement in WW2 without benefiting from as much political or economic restructuring as Germany in the post-war period.
Second, they are ancient civilizations which have grown up with complex micro-structures. Modern business tends to rely on the ability to trade easily at scale. This brings down the costs required to get your products or services to the population. Spain has overcome this better than Italy, but scaling distribution is much harder in these countries than in the more Northern trio that you mention.
Thirdly, these are 'relationship' over 'rationale' environments. Cultures tend to oscillate between the two ends of the spectrum, with most positive long-term trying to find a happy medium. However, the cultural stereotype for our satellite offices here would go something like this:You need to look at the macro, micro, political and cultural environments to understand the economic environments in Spain and Italy.
First, I would say that both countries clearly had hangovers from their involvement in WW2 without benefiting from as much political or economic restructuring as Germany in the post-war period.
Second, they are ancient civilizations which have grown up with complex micro-structures. Modern business tends to rely on the ability to trade easily at scale. This brings down the costs required to get your products or services to the population. Spain has overcome this better than Italy, but scaling distribution is much harder in these countries than in the more Northern trio that you mention.
Thirdly, these are 'relationship' over 'rationale' environments. Cultures tend to oscillate between the two ends of the spectrum, with most positive long-term trying to find a happy medium. However, the cultural stereotype for our satellite offices here would go something like this:
Explanation:
