Economy
See also: Economy of Italy#North–South divideThe area has one of the highest GDP per capita in Europe. Northern Italy is the most developed and productive area of the country, and the first part of Italy to be industrialized in the last half of the 19th century, the so-called industrial triangle formed by the manufacturing centres of Milan and Turin and the seaport of Genoa. Nowadays, the industrial core of the area shifted eastward, with just Lombardy remaining from the original industrial triangle, together with Veneto and Emilia-Romagna; the same shift happened for GDP per capita, with the eastern regions being today wealthier, always together with Lombardy, than Piedmont and Liguria. With a 2008 nominal GDP estimated in €860.6 billion, Northern Italy accounts for about 60% of the Italian economy, despite having less than 50% of the population.
Read more about this topic: Northern Italy
Famous quotes containing the word economy:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (18171862)
“The counting-room maxims liberally expounded are laws of the Universe. The merchants economy is a coarse symbol of the souls economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (18031882)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (18721933)