Europ. Countrys. · Vol. 12 · 2020 · No. 4 · p. 469-493 DOI: 10.2478/euco-2020-0025 European Countryside MENDELU ARE MOUNTAIN AREAS ATTRACTIVE FOR INVESTMENTS? THE CASE OF THE ALPINE PROVINCES IN ITALY Dario Musolino1, Alessia Silvetti2 1 Dario Musolino, Bocconi University, GREEN (Centre for research in Geography, Resources, Environment, Energy and Networks), Via G. Roentgen 1, 20136 Milan, Italy; & Università della Valle d’Aosta, Department of Economics and Political Science, Strada Cappuccini 2A, 11100 Aosta, Italy; e-mail:
[email protected],
[email protected]; ORCID: 0000-0002-8245-0798. 2 Alessia Silvetti, Università della Valle d’Aosta, Department of Economics and Political Science, Strada Cappuccini 2A, 11100 Aosta, Italy; email:
[email protected]. 469/648 Received 31 March 2020, Revised 7 August 2020, Accepted 8 September 2020 Abstract: In the increasing territorial competition to attract productive investments in the age of globalization, mountain areas have a role to play, if they wish to find new (exogenous) resources to diversify their economy and to develop sustainably in the future. This means that they have either to be, or to become attractive. Attractiveness for investments is an issue rarely studied with respect to mountain areas. This paper casts light on the attractiveness of the Italian Alpine provinces, using quantitative and qualitative data coming from a research on the stated locational preferences of entrepreneurs in Italy. According to the findings, it is not said that mountain areas are unattractive, due to their characteristics in terms of physical geography and accessibility. Instead, a different perspective on geography itself (Alpine areas bordering with foreign countries), and the role of the government, can make even marginal areas like mountain areas rather attractive for investments.