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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.
Italy, [a] officially the Italian Republic, [b] is a country in Southern [12] and Western Europe. ... Roman, and other cultures merged into a powerful civilisation.
France is a cultural superpower, consistently ranked among the most powerful nations in soft power, [191] [192] if not the most powerful of all. [193] France is a developed country with the world's seventh-largest economy by nominal GDP and ninth-largest by PPP ; [ 194 ] in terms of aggregate household wealth, it ranks fourth in the world. [ 195 ]
Italy took the initiative in entering the war in spring 1915, despite strong popular and elite sentiment in favor of neutrality. Italy was a large, poor country whose political system was chaotic, its finances were heavily strained, and its army was very poorly prepared. [162] The Triple Alliance meant little either to Italians or Austrians.
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 ...
The economy of Italy is a highly developed social market economy. [31] It is the third-largest national economy in the European Union , the 8th-largest economy in the world by nominal GDP , and the 11th-largest by PPP-adjusted GDP .
The 11th-century Abbey of Monte Cassino, almost completely destroyed by Allied bombings in 1944, stands as a powerful symbol of the huge devastation Italy suffered during the war. Nearly four million Italians served in the Italian Army during the Second World War and nearly half a million Italians (including civilians) lost their lives between ...
The European balance of power is a tenet in international relations that no single power should be allowed to achieve hegemony over a substantial part of Europe. During much of the Modern Age, the balance was achieved by having a small number of ever-changing alliances contending for power, [1] which culminated in the World Wars of the early 20th century.