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Saad

In: Business and Management

Submitted By saadnazir
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ITALY
COUNTRY PROFILE
INTERNATIONAL RETAILING (INT 322)

Contents

Background

Background
Italy, officially the Italian republic is a Unitary Parliamentary Republic situated in South Central Europe. It borders other European giants such as France, Switzerland and Austria. The territory of Italy covers some 301,338 km2 (116,347 sq mi) and is influenced by a temperate seasonal climate. With 60.8 million inhabitants, it is the fifth most populous country in Europe, and the 23rd most populous in the world.
Rome is the capital city of Italy, which has been the religious capital of the Western Civilization, as the Capital of the Roman Empire. In the late 19th century, through World War I, and to World War II, Italy possessed a colonial empire.
Modern Italy is a democratic republic. It has been ranked as the world's 24th most-developed country and its has been ranked in the world's top ten in 2005. Italy enjoys a very high standard of living, and has a high GDP per capita. It is a founding member of what is now the European Union and part of the Euro zone. Italy is also a member of the G8, G20 and NATO. It has the world's third largest gold reserves, eighth largest nominal GDP, tenth highest GDP (PPP) and the sixth highest government budget in the world. It is also a member state of the Organisation for Economic Co-operation and Development, the World Trade Organization, the Council of Europe, the Western European Union and the United Nations. Italy has the world's ninth-largest defence budget and shares NATO's nuclear weapons. Italy plays a prominent role in European and global military, cultural and diplomatic affairs. The country's European political, social and economic influence makes it a major regional power. The country has a high public education level and is a highly globalised nation. (1)

Area: total: 301,340 sq km
Land: 294,140 sq km
Water:

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