`Italy: A Business Perspective Known for its fashion, Italy is a booming country. There are many other sides to Italy though that is overlooked by the average American for doing business. Looking at the potential opportunities, risks, and challenges of Italy, it is easy to tell that they are a great country to be doing business with. First, looking at a brief overview of Italy and its demographics, and other factors from which your country benefits, the outlook of Italy begins to shine through. There are about 61 million people residing in Italy, Europe according to The World Factbook. The official language of the country is Italian but German, French, and Slovene are also spoken throughout the country. Italy has a diverse industrial economy …show more content…
The World Factbook on Italy reveals that the GDP or purchasing power is $1.805 trillion. This ranks Italy as the 12th country in the world compared with the purchasing power of other countries. The problem stems from the fact that it has an exceptionally high public debt and that has opened up the vulnerability of it being scrutinized by financial markets. Italy needs to find a way to help get the debt down in the country in order to get it running more successfully. There are some cultural issues that will have an effect on the future of the …show more content…
If they did though, both men and women would be able to participate in defending their country. In Italy, the gender barrier that used to exist is no longer there and women are getting more jobs and supporting themselves and their families now more than ever. Alamone, F explains that women now participate in every aspect of life, social, political, and economic. Looking at more political and legal issues, it can help bring light to what the economy could do to bring more business to the country. The government of Italy is extremely complicated with some fairly new parts. Matteo Renzi, the current Prime Minister, is working on new ways to improve the way the government is run in order to get things running smooth again. He has proposed new reforms which are starting to take effect. According to The Economist, these reforms include enhanced access to credit for small firms, a cut in a much criticized regional tax on company turnover, and fiscal incentives for employers in a new labor