Economical Impact
Internal to the Region and Globally
Mussolini increased the spending on the army to deal with a number of missions, all with disastrous results. Many unsolvable obstacles appeared in his campaign to reign Italy. For one, the Italian infrastructure and industrial base was limited. Also, the Italian business community was corrupt and inefficient. For example one reason the North African campaigns never worked out (for Italy or Germany) was that port workers were corrupt. Without supplies and other materials, the African missions were destined to fail. The lasting affect of all this was to completely rid Italy of any ideas of becoming a major player on the world stage. Italy lost all its colonies. Most of the country was rebuilt. The country was impoverished. Ultimately Italy recovered economically, although politically the nation remained fractured and does so today. The north part of the country, drawing on its Germanic industrial heritage, has become rather wealthy, the south, with its massive corruption, much less so. Italy today is much as it was a hundred years ago in that it is a major tourist stop where the ruins and art are observed. Italian industry is by and large involved in fashion, clothing, shoes and electronics. There is a low birth rate and a falling population in Italy. As such, the limited Italian military, a member of NATO, will likely become even less effective in the future. It seems clear that whatever chance Italy Economical Impact had of becoming a great power was lost by their indecisiveness and confusion during World War Two.
Bilateral Economic Relations
The United States and Italy cooperate closely on major economic issues. The United States is one of Italy's most important trade partners. Italy largely depends on exporting agricultural goods and tourism. So when things go bad in Italy, tourism goes down. Italy is part of the EU, so it obeys the EU's trade and investment laws. Under the EU treaty’s Right of Establishment, and the Friendship, Commerce and Navigation Treaty with the United States, Italy has to support investors in Europe and Italy. The US and Italy cooperate in trade; a tax agreement was set by the two to prevent one country taxing another.
Internal to the Region and Globally
Mussolini increased the spending on the army to deal with a number of missions, all with disastrous results. Many unsolvable obstacles appeared in his campaign to reign Italy. For one, the Italian infrastructure and industrial base was limited. Also, the Italian business community was corrupt and inefficient. For example one reason the North African campaigns never worked out (for Italy or Germany) was that port workers were corrupt. Without supplies and other materials, the African missions were destined to fail. The lasting affect of all this was to completely rid Italy of any ideas of becoming a major player on the world stage. Italy lost all its colonies. Most of the country was rebuilt. The country was impoverished. Ultimately Italy recovered economically, although politically the nation remained fractured and does so today. The north part of the country, drawing on its Germanic industrial heritage, has become rather wealthy, the south, with its massive corruption, much less so. Italy today is much as it was a hundred years ago in that it is a major tourist stop where the ruins and art are observed. Italian industry is by and large involved in fashion, clothing, shoes and electronics. There is a low birth rate and a falling population in Italy. As such, the limited Italian military, a member of NATO, will likely become even less effective in the future. It seems clear that whatever chance Italy Economical Impact had of becoming a great power was lost by their indecisiveness and confusion during World War Two.
Bilateral Economic Relations
The United States and Italy cooperate closely on major economic issues. The United States is one of Italy's most important trade partners. Italy largely depends on exporting agricultural goods and tourism. So when things go bad in Italy, tourism goes down. Italy is part of the EU, so it obeys the EU's trade and investment laws. Under the EU treaty’s Right of Establishment, and the Friendship, Commerce and Navigation Treaty with the United States, Italy has to support investors in Europe and Italy. The US and Italy cooperate in trade; a tax agreement was set by the two to prevent one country taxing another.