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Italy

The Republic of Italy is located in Southern Europe. In Italy, the economy of the North and the economy of the South are dramatically different. This difference is reflected in the population breakdown of Italy. In fact, more than two-thirds of Italy's 57.6 million people live in the urban north. For my third module paper, I will discuss Italy's economy. Concentrating on the role that manufacturing and services play in the economy of Italy.

In Italy agriculture is not a huge aspect of Italy's economy. Today, only about ten percent of the population works in agriculture. In fact, agriculture accounts for about less than six percent of Italy's Gross Domestic Product. The bulk of the agricultural services in the country are located in the south. The biggest problem for agriculture in Italy is a lack of land, since Italy's land mass coupled with its population makes it difficult to find land for agricultural uses. Though agriculture in Italy is not a major piece of the economy pie, Italy is still considered a world leader in the production of grapes and olives.

Just as there is not much agriculture in Italy, there are even fewer precious metals. With virtually no gold, silver, platinum,


Hudson, John C. Ed. Goode's World Atlas. Rand McNally & Company. 2000

In Italy, services are a large portion of the economy. Services actually account for about sixty to sixty-nine percent of the Gross Domestic Product. To understand this further you must know what is considered a service, services are tourism, hotels, restaurants, service trades, transport and communications, domestic workers, financial services, motor vehicles, and public administration. When you think of Italy, it's easy to see why services would make up more than two-thirds of the GDP. The most exciting service would have to be tourism. Italy has so many great places that people all over the world would love to visit. The ruins of Ancient Rome are great tourist attractions people come from all ends of the earth to see the Coliseum and other Roman ruins. The Vatican also draws millions of people to Italy. The most high profile business in Italy would be the fashion. Italy is known throughout the world as one of the places for fashion. Italian designers seem to be setting the trends; this can be seen at the numerous fashion shows in Italy. Even the rural areas draw tourist, wine tasting tours in Europe are a dream come true for many wine lovers. Another prestigious service would be the manufacturing of automobiles. Italian cars companies, like Alfa Romeo, Ferrari, Fiat, Lamborghini, Lancia and Maserati are known across the globe for their sports cars.



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Approximate Word count = 1055
Approximate Pages = 4 (250 words per page double spaced)


  

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