Valeria Giacomin (Bocconi Department of Social and Political Sciences) and Francesco Romagnoli (PhD student in the same department) describe a situation that could belong to the present as much as to the 1930s in a recent article published in the Journal of Management Studies: “The era of hyper-globalization (...) has given way to a period of deglobalization, marked by increasing protectionism, economic nationalism, and geopolitical realignments.”

However, their pages do not deal with multinational giants, but with a more fragile, often invisible universe: that of small- and medium-sized Italian companies, unwitting protagonists of an economy that had decided to turn inwards by decree, ideology, and necessity.

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