Italy's Economy Of Italy

Although there has been some success on the Adriatic Coast the policy has failed. Plants such as Alfa Romeo did set-up but these were only branch plants, which never developed links to the local economy & created relatively few jobs. Measures have not been at all effective in reducing regional inequality. A lot of money has been spent but has had little effect in establishing an industrial base. The area is over-dependent & incapable of self-generating growth. Emphasis has instead shifted to the selective encouragement of small & medium sized firms. Over time a new Part of Italy has emerged and is called The Third Italy and has become prosperous & successful as it has created industrial districts with lots of small firms. High levels of education & communication, low land prices and good local enterprise, have also helped the area.

After World War 2, Italy was rapidly transformed from an agriculture based economy into one of the world’s most industrialized nations. It also became a leading country in world trade and exports.

It is historically known that Abruzzo was once one of the poorest areas in Italy. By 1997, Abruzzo was the first and only region whose economic growth and output surpassed the lower limits of what the European Union deemed a region requiring financial assistance, as it expanded its economy from just agriculture to industry and tourism. The 2009 earthquake in L’Aquila led to a sharp economic decline, however recent statistics show that the economy of Abruzzo is successfully recovering from the natural disaster.

It is not difficult to notice that Salvini shares many of the ambitions that are treasured by the current Prime Minister Matteo Renzi. Just like their first names, the two young men are caught up in the same situation, since they both have been given challenges like the fact that Italy’s economy is getting unbearably worse and citizens hovering over the labor market like vultures in order to get hold of a job. However, as indicated by their totally different last names, their contradicting plans for the country will lead them to distinct ends down their political career paths. Both young and seemingly fearless, Salvini and Renzi are just like two boys who had just been brought to a messy playground; they are both eager to bring changes that

Italy is currently said to be in a recession, with industrial output dropping 6.6 percent in the last year. The shutdown of factories has been announced by Fiat in the wake of falling car sales. Italy is referred to as the “sick man of Europe” due to political instability, lack of infrastructure development and economic stagnation. The average annual rate of growth in Italy is 1.23 percent compared to the 2.28 percent average growth rate in the EU over the last ten years. In January of this year unemployment hit 8.6 percent yet it is predicated that Italy will pull out of its recession by the end of 2010. ("Economy of Italy," 2010)

Italy is one of Europe's heaviest populated countries . Averaging as population of approximately 58,742,000 , Italy is ranked as Europe's sixth most populated country . However it's global rank has been on a continuous drop ever since 1955 . In contrast its median rate of age has been on an increase having grown 14.8 years in the past 60 years .

The Political: There were several forms of government during the Italian Renaissance, so that means that political leaders and the government were always changing, there wasn't unity throughout Italy itself. The richer you were, the more political power you had in the government.

One major factor that plays a role in impacting the environment is the number of volcanos that are present in the country. Although, there are many small volcanos scattered throughout the country there are two large ones, Etna and Mount Vesuvius, these two are still a threat to Italy, when they erupt they can cause a lot of problems for the country (National Geographic). Italy’s terrain also plays a role in how the country gets its natural resources. The terrain is mostly rugged and mountains there are some plains, mainly in the south along with coastal low lands (Centeral Intelligence Agency, 2015). There are also many different hazards that the country faces that effect the amount of resources that can be used. Some of these hazards include; landslides, mudflows, avalanches, earth quakes, flooding, and land subsidence (Centeral Intelligence Agency, 2015). Italy imports most of its resources however; there are some natural resources that are still found in the area. These natural resources are, small amounts of coal, zinc, mercury, potash, marble, barite, asbestos, pumice, fluorspar, feldspar, sulfur, small amounts of natural gas, crude oil reserves, fish, and arable land (Centeral Intelligence Agency,

The strength of the Australian dollar and the low cost of living in Italy grounds Italy the ideal place for any Australian businesses wishing to expand to move to. Italy is a well-rounded country that has many different qualities and aspects that make Italian businesses quite unique compared to that of other countries. It is quite clear that both Australia

The southern European country of Italy is relatively small and is located in Europe. Italia is in fact smaller than the state of Texas but don’t underestimate this little European country. In spite of the fact that Italy is smaller than Texas, it has a larger population of people and this was established about a couple years back. “The CIA estimated the population of Italy in July 2015 to be 61,855,120, which put it at number 24 in population among the 238 countries, dependencies and territories of the world.” (“Italy” 387-406). Tourists and recent statistics on inhabitants are obviously excluded from the population census, but the number of citizens in this European country remains larger than The Lone Star State. Finding

The Average GDP of Italy is 1.852 trillion. Italy is known for being a small country but it is ranked 12th in the world for GDP. The Occupations in Italy are usually in the areas of tourism, food industries, wood furniture construction, office workers, wait staff and computer building. The currency they use in Italy is Euro. Italy's Economic status is not very good because they have corrupt banks and a lot of unemployed citizens. This leads into many Economic concerns. Italy has the highest unemployment rate in Europe. This is a major concern because this means people don't have money to buy food, water, and basic essentials for living. Italy also has an excessive amount of debt in their country. This can lead to major flaws and corruption

However, this research proves that different unemployment rates construct a well-defined gap between both the North and the South. This being stated because employment opportunities are seen as being very important in shaping any culture and standard of living. Trueing answering the question of how does unemployment rates among the states of Southern Italy construct a well- defined gap between the states of Northern Italy? The answer coming out of this given research being: if not as many high paying jobs exist in the South, equality, and opportunity is not considered to be equal between both

Italy, positioned in southeastern Europe, is a beautiful country that is faced with high unemployment, corruption and massive debt. Although it appears to be one of the most developed countries in Europe, Italy is somewhat of a laggard in globalization. Ranking twenty-third in world population, Italy stands at 56,126,212 people as of July 2009. The north and south seem to be split in economic terms with the north being well developed industrially and the south facing high unemployment and poverty. Italy is a democratic republic that replaced a monarchy back in 1946. Although it ranks seventh in world GDP and public debt and attracts millions of tourists every year, its current debt to GDP ratio continues to skyrocket. World economists

Administrative differences in Italy are the most important to look at. The “constitution provides the basic freedoms of thought, speech, press and the right to work (Welcome to Italy)”. Furthermore, workers have the right to form and join unions as well as the right to strike. As a result labor unionization is very high; in 2002, 40 percent of Italy’s labor force was unionized (Italy - Labor). Geographic differences also increase the costs and risk of doing business. Italy is divided into geographic and administrative regions, some of which are autonomous and have different regulations (fig. 3). Generally however Italy is divided into two regions the Northern Region and the Southern Region. The north is characterized by high industrialization and urbanization while

Now Italy has many problems in economic sector. The first is that it has very high debt level. Because of it Italy now is in crisis situation. Also Italian living standards have a considerable north-south divide. Italy suffers from structural weaknesses due to its geographical conformation and the lack of raw materials and energy resources. The country has an inefficient state bureaucracy, low property rights protection and high levels of corruption, heavy taxation and public spending that accounts for about half of