Italy's Economy

Paper Summary:

This paper explains that, unlike the prosperous nations of Europe that are experiencing economic upswings and political stability, although Italy's economy has improved in the past decade, the lira is depressed, unemployment remains high and politics are unstable. The author points out that, Italy, which is one of the most densely populated countries of Europe, is really two countries with the mostly agricultural south and the industrial north, each with its own economy, politics and, in some cases, even language. The paper states that Italy's increasing dependency on foreign trade is affecting the overall Italian economy the most because this makes her increasingly vulnerable to upheavals and disruptions in that trade.

From the Paper:

"The political instability in the country sees governments rise and fall almost annually. Until recently, the Communists were still a strong influence, as was the Mafia, especially in South Italy and Sicily. It is difficult for long-term legislation to be signed, because as governments change and new ministers come into office, one does not know (or respect) the agreements made by his predecessor(s). The volatility of the governments has also fostered public discontent. Since becoming a republic after the fall of the monarchy at the end of World War II, Italy's Constitution has not served to stabilize politics or rule."

More papers on Italy's Economy:

• Analytical Essay # 57544 : "Fashion Trade between the U.S. and Italy"
• Term Paper # 125283 : "Italy Economics"
• Essay # 89354 : "Asian Imports to Italy "

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