With the decline in inflation that occurred over the past five months, we can already see the beginning of this process in practice, and all that the NBS can now do is “promise” that monetary policy will be as restrictive as necessary in order to accomplish the set inflation objectives.
Italian country lands, especially in the South, supplied enough workforce for fast-growing industrial sectors: construction, motorcycles, car making, domestic appliances. While untrained, this workforce was good enough for the mass production of those days. The Italian “miracle” (parallel to the Japanese one) set in.