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.
2  BIS central bankers’ speeches  Between 1958 and 1963, real GDP grew at an average rate of 7 per cent, 6 per cent on a per capita basis. To this miracle the Bank of Italy contributed by preserving a stable money, but also by funneling savings towards key projects, such as road and telephone networks.