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Economic Development In Italy

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The Economic development in Italy

The lack of coal as a primary energy source in Italy pushed the country to an industrialisation process totally different from the European pioneers of industrialisation. According to Toninelli (2010) the reliance on hydropower and later on on hydrocarbons was one of the main driver of the peculiar Italian economic development. As a consequence, the manufacturing firms were small energy efficient units, mainly located in the northern part of the country and they relied mostly on waterpower as energy resource. According to Toninelli (2010), Italy followed a dualistic model in its industrial development, that was characterised by few “modern productive units on the one hand and an excessive number of small …show more content…

As a consequence, the Italian industrialisation model brought about the constitution of small low energy-consuming units, instead of big firms. This path was the result of the lack of coal and the reliance on traditional sources of energy first and then on the reliance on hydrocarbons.
Furthermore, Blim refers at industrialisation in Italy as a small scale process in which hundreds small specialised factories are interlinked with each other, a particular Italian phenomenon that reached its peak some decades after the World War …show more content…

According to Malanima and Zamagni (2010), the drivers of Italian economic growth have always been difficult to sort out and were the centre of debates for many years. However, according to them “technical progress and the increase of useful knowledge have been the driving forces of modern growth since the beginning in the 1880s” (Malanima & Zamagni, 2010, p. 4), years in which they state that the second-revolution took place. In their paper they made a clear distinction between the economic growth brought about the technological innovation of the first industrial revolution, that is to say, the exploitation of iron, coal and the use of watermills. Whereas, they account the innovations related to electricity, chemicals and engineering as the fruit of the second industrial revolution (Malanima & Zamagni, 2010). As already stated in the introduction, according to Malanima, energy sources alone are not sufficient to foster industrialisation and economic growth, they have to be combined by technological innovations (Malanima

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Many of these city states became prosperous. People from all over Europe came to northern Italy to buy, sell, and do their banking. Many city-states developed specializations. For example, Milan produced metal goods and armor. Genoa was a trading center for ivory and gold.

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The Industrial Revolution completely reinvented society in the 1800s. This change would not have arisen though without the outcome of the Agricultural Revolution in which new farming methods created greater farm output that decreased death rates. One of these methods was the enclosure, the fencing off of land by rich landowners for more efficient cultivation of the fields. The enclosure movement pushed farmers off of their land, thus forcing them to move to the cities in search of work. Urbanization supplied the work force for the new factories that generated industrialization.

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The Industrial Revolution first began in a response to the shortage of nonrenewable fossil fuels during the nineteenth century. Sources of energy such as coal, oil, and natural gas were now replaced with the unlimited energy of water, wind, **** Due to it’s ____ the Industrial Revolution was easily adopted by Europe and then spread to the rest of the world. Europe’s adoption - The industrialization of Europe began due to its web of trade connections, wealth, and growing market for ______. It is because of this network that Industrial Revolution was not only focused in Europe and America, but all around the world.

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Italy has a very long known history recorded back to the 1st century, where the BC Italy was under the control of a single power. Rome remained the capital from the 1st until the 5th century AD. However, the Etruscans began to lose their power to Rome between the 4th and 5th centuries (Gascoigne, B. 2001). In 200 to 800 BC, the southern Italian Peninsula was inhabited by the Etruscans ancient Greeks and many other Italian’s tribes such as the Latins, Campanians, Samnites and Sabines peoples. These groups commanded to shape the future of the southern Peninsula.

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Industrialization itself brought along many things both positive and negative, some of which are still affecting us as a society today. While some might argue that Industrialization had primarily negative consequences for society because of the harm it did to people of that time, it was actually a positive thing for society. Industrialization’s positive effects were economic prosperity, Efficient, serviceable inventions, and more, and better jobs.

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The provinces directly furnishing funds back to Rome allowed the empire to support massive public work projects which bolstered the mining and building aspects of the economy. In addition to money there was the tribute of grain. According to Geraghty (2007), the supply of grain from the provinces depressed the value of grain so much in Italy that wine became the most abundant and influential agricultural product,

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The Communistic party has gained the control over the main leftist organs, such as trade unions, mass media and almost twice the support of the PCI. From 1953, the PSI would always continue to be the 3rd largest party in Italy after the PCI. The Communist Party reconsidering its ideology, distanced from the Soviet Union, which gave the roots for the emergence of such paradigm as “Euro-communism” by

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Nevertheless, the Industrialization marked a shift to powered, special-purpose machinery, factories and mass production where it led to an increase in population, living standards, but a depletion of natural

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