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Italy

Ecomony and Resources

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Economy
 
      Since world war II Italy has experienced a great economic growth that has shifted from mostly agriculture to one based on modern industries.  For example, in 1953 more then 30% of the population was employed in agriculture compared the 10% today.  This economic transformation is more magnified in the North than in the South, making the Northern part of the country one of the most industrial advanced areas in Western Europe. In the 1950's Italy helped found the European coal and steel community, European Atomic Energy Community, and European Economic Community.  These groups form the basis of the European Community (EC) and the Economic Association of European Nations.  The Economy then strengthened through increased trade with EC members.  In 1993 Italy formed the European Union alongside with many other European countries.  The European worlds both economic and political cooperation among nations.  Italy's government also owns a large portion of many companies.
      Italy also participates in trading with other countries. They do most of their trading with other members of the E.U. or European Union.  Some of their main trading partners are Germany, France, The United States and Britan. But since the 1980's trading among other countries has backfired on Italy's economy.  Their cost of imports has exceeded the value of it's exports. The imbalance is largely because of high costs of imported petroleum.

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A European Union Map

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Eauopean Union Headquaters in Brussels, Belgium

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Containers for Export.

Resources

Italy has very few natural resources. The most important resource is rich farmland from The Po Valley and volcanic soils and clays found in Southern Italy and Sicily.  Even though Italy faces forest depletion in most areas and needs to import lumber, there tends to be some valuable forest land on the Alpine Slopes and on Sordinia. The seas surrounding Italy also contain a variety fish which make for a very stable fishing resource.  Coal, sulfur and small amounts of petroleum are found in the Po Valley, Sicily, and other regions. The resource that Italy is best known for is it's marble from the quarries of Carrara.
 
 

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A fishing village on the Italian Riviera.

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Alpine Forests in Italy

Energy Resource
Italy depends heavily on other countries for it's energy, in fact imported petroleum provides half of it's energy.  By itself it only produces small amounts of petroleum compared to neighbouring countries. Some natural gases used for energy are found in the Po Valley and are piped into the cities of the North.  Plants that burn oil provide most of Italy's electric power.  Hydroelectric plants, contribute to about one quarter of the country's electrical supply.
 

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A power adapter used in Italy that runs on a different wattage system then North America.

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A modern geothermal power plants in Lardello, Italy

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Created by Christina Whelan