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:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)