Search results
Results from the WOW.Com Content Network
This growth produced a prosperous Renaissance economy that was advanced compared to European countries. Italy's leading sectors were textiles (woollen and silk workmanship, widely exported), banking services, and maritime transport. [2] During the 1600s, the economic system weakened and enterprises linked to the major urban centers declined.
In the recent decades, however, Italy's economic growth has been particularly stagnant, with an average of 1.23% compared to an EU average of 2.28%. Previously, Italy's economy had accelerated from 0.7% growth in 1996 to 1.4% in 1999 and continued to rise to about 2.90% in 2000, which was closer to the EU projected growth rate of 3.10%.
The economy of Italy is a highly developed social market economy. [31] It is the third-largest national economy in the European Union, the 8th-largest economy in the world by nominal GDP, and the 11th-largest by PPP-adjusted GDP. The country has the second-largest manufacturing industry in Europe, which is also the 7th-largest in the world.
The recovery from the demographic and economic disaster of the late Middle Ages led to a resurgence of cities, trade and economy. Italy was the main centre of the Renaissance, whose flourishing of the arts, architecture, literature, science, historiography, and political theory influenced all of Europe.
In three years the ERP gave away $12.4 billion (about 5% of the 1948 American GDP of $270 billion) for modernizing the economic and financial systems and rebuilding the industrial and human capital of war-torn Europe, including Britain, Germany, France, Italy and smaller nations.
Italy's life expectancy in 2015 was 80.5 years for men and 84.8 for women, placing the country 5th in the world. [233] Compared to other Western countries, Italy has a low rate of adult obesity (below 10% [234]), as the health benefits of the Mediterranean diet are very significant. [235]
The current U.S. economy does share some similarities to Rome’s situation prior to the empire’s fall. Mitchell says the major economic problem Rome faced was its precious metal-based currency.
An Economic History of the World Since 1400 (2016) online 48 university lectures; Liss, Peggy K. Atlantic Empires: The Network of Trade and Revolution, 1713–1826 (Johns Hopkins University Press, 1983). Neal, Larry, and Rondo Cameron. A Concise Economic History of the World: From Paleolithic Times to the Present (5th ed. 2015) 3003 edition online