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Italy's great power strength includes a vast advanced economy [15] [16] (in terms of national wealth, net wealth per capita and national GDP), a strong manufacturing industry (ranking 7th on the list of countries by manufacturing output), [17] a large luxury goods market, [18] a large national budget and the third largest gold reserve in the world.
The politics of Italy are conducted through a parliamentary republic with a multi-party system. Italy has been a democratic republic since 2 June 1946, when the monarchy was abolished by popular referendum and a constituent assembly, formed by the representatives of all the anti-fascist forces that contributed to the defeat of Nazi and Fascist forces during the liberation of Italy, was elected ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 26 January 2025. List of great powers from the early modern period to the post-Cold War era Great powers are often recognized in an international structure such as the United Nations Security Council. A great power is a nation, state or empire that, through its economic, political and military strength ...
"Italy is a democratic Republic founded on labour. Sovereignty belongs to the people and is exercised by the people in the forms and within the limits of the constitution." By stating that Italy is a democratic republic, the article solemnly declares the results of the institutional referendum which took place on
Italy's north-south divide is exemplified by the economic gap between the southern Calabria region, where gross domestic product per capita is about half of the EU average, and the northern ...
Germany, Italy, and the Soviet Union were among the major powers who recognised Manchukuo. Other countries who recognized the State were the Dominican Republic , Costa Rica , and El Salvador . Manchukuo was also recognised by the other Japanese allies and puppet states, including Mengjiang, the Burmese government of Ba Maw , Thailand , the Wang ...
Located in Europe, Italy has been considered a major Western power since its unification in 1860. [1] Its main allies are the NATO countries and the EU states, two entities of which Italy is a founding member.
Italy was the first country to exploit geothermal energy to produce electricity. [289] Nuclear power in Italy was abandoned after 1987 referendums (in the wake of the 1986 Chernobyl disaster), although Italy still imports nuclear energy from Italy-owned reactors in foreign territories.