Economy
The Italian economy has changed dramatically since the end of World War II. From an agriculturally based economy, it has developed into an industrial state ranked as the world's fifth-largest industrial economy.
Italy has few natural resources. Much of the land is unsuited for farming,therefore they have to import a lot
of their food. There are no substantial deposits of iron, coal, or oil. Most raw materials needed for manufacturing and more than 80% of the country's energy sources are imported. Italy's economic strength is in the processing and the manufacturing of goods, primarily in small and medium-sized family-owned farms.
of their food. There are no substantial deposits of iron, coal, or oil. Most raw materials needed for manufacturing and more than 80% of the country's energy sources are imported. Italy's economic strength is in the processing and the manufacturing of goods, primarily in small and medium-sized family-owned farms.
Italy is famous for its food, clothing, and luxury vehicles.
Famous Italian foods have been brought to the rest of the world through Italian emigration, especially to the United States, Germany, France, Canada and Australia. Italian foods include a large amount of pasta dishes pizza, ice cream (gelato), parma ham, rice, parmesan cheese and wine.
The most famous Italian wines are probably the Tuscan Chianti and Piedmontese Pinot Grigio. Other famous wines are Barbaresco, Barolo and Barbera, Brunello di Motalcino, Montepulciano d'Abruzzo and Nero d’Avolao. |
Italy is known also for its fashion houses; Versace, Valentino, Fendi, Gucci, Prada, Roberto Cavalli, Sergio Rossi, Dolce & Gabbana, Benetton, Armani and others.
Ferrari, Maserati, Lamborghini and also Alfa Romeo are all associated with top-of-the-line carmaking.
Ferrari, Maserati, Lamborghini and also Alfa Romeo are all associated with top-of-the-line carmaking.