Country Risk Analysis of Italy Research Paper Example | Topics and Well Written Essays - 1500 words

Country Risk Analysis of Italy - Research Paper ExampleThe unbendable export potential, relative on a lower floordevelopment of the southern region and the markets of north Africa and east European countries are the favorable endowments. Keywords Economy, politics, geography, industry, immigration, drugs, EEC, disparities, component productivity. Country Analysis of Italy Introduction It is important to evaluate conditions that support or hinder the prospects for a argument in a particular location while undertaking new start ups, expansion, acquisition and/or other mental strains of investment. Political, economic, and geographic factors are taken into consideration for evaluation and decision making. Implicit within these vast categories are the demographic and legal factors. A range of reputed published resources like the country reports of the London base Economic Intelligence Unit, the CIA World Fact Books, the World Bank, IMF and European Commission reports can provide th e demand data for analysis for all major countries. The present paper deals with country analysis of Italy, an EU outgrowth country that is in the thick of a political and economic crisis in the recent past. Italy became a body politic in 1946 after the World War II and is a member of NATO and European Economic confederation (EEC) in the euro zone. This country of about 60 million people with practically 100% literacy rate and predominate by the Roman Catholic faith followers, is a developed economy and has been a strong backer of the political and monetary integration of the EU Zone countries (Anon, n.d., geography.about.com). Italy is a republic, headed by a President as the constitutional head, while the executive authority vests with the pinnacle Minister (also called the president of the council of ministers) (CIA, 2011). It follows the constitutional form of democratically elected government with two houses of legislature (Senate and Chamber of Deputies), the judiciary and the executive wings having respective roles. Although Italy is not a signatory to the International Court of Justice jurisdiction, it respects international legal responsibilities like intimately democratic nations (CIA, 2011). The country is divided into twenty administrative regions of which five regions enjoy a higher dot of autonomy. Regions are further divided into provinces, numbering about 100 at present. Each province is under the watchful eyes of a representative of the federal government. Separatist tendencies, left-wing extremism, and remnants of fascist elements have been sources of political challenges that Italy faced since inception. These risks continue even today, although they have been substantially controlled. Political parties of different hues like left-of-centre or right-of-centre and others form coalitions among themselves and with other parties to govern the country. Italy has largely overcome the period of extremist left-wing terrorism between seventi es and 90s (Dugdale-Pointon, 2007). Widespread corruption has been the bane of Italian politics and economy, and this has led to short-lived spans of governments, policies and programs. Investigations into corruption scandals have caught up with many politicians, resulting in introduction of political and electoral reforms. Scandals involving the personal life of the immediate past Prime Minister Silvio Berlusconi and the deep economic