Business Climate in Italy
To start a business in Italy, knowing details of this country is very important. This report discusses the results of an investigation conducted to help entrepreneurs to decide whether or not to start a business in this country. Persistent details include GDP, sluggish economic growth and problems, technology, immigration issue, high unemployment, natural resources, agriculture products of southern Italy compared with the prosperous north.
Although Italy has had troubling economic climate for the past few years, things appear to be turning around. GDP increased from $1.751 trillion in 2009 to $1.774 trillion in 2010 (The World Factbook, 2011). This rate has made Italy become the 11th highest GDP in the world and attracted many foreign investors to start a business in this country, so it is a positive way to start a business here. In the same year, Italy GDP Per Capita stands at $29,400.
$12,450 (Bureau of European and Eurasian Affairs, 2011). Real gross domestic product in Italy has been changing almost every year. Even though, it has decreased dramatically in the last two years, it increased 1.3 percent in 2010 (Appendix1). It is the reason that more investors interested in Italy in 2010. However, it will be some doubts for businesspeople as well, because it is not reliable due to its instability.
To start a business, the rankings for comparator economies provide useful information for assessing how easy it is for an entrepreneur. If the economic of a country is undependable, businesses will not going well too. Globally, Italy is standing at 77 in the ranking of 183 economies on the ease of starting a business in 2010 (IBRD and The World Bank, 2012, p.16).