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It's an overview of a great nation.

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  1. 1. Diwali Assignment-1 <ul><li>A Presentation on Italy </li></ul><ul><li>Prepared By: Submitted To: </li></ul><ul><li>Jignesh M. Mangukiya (1965) Mrs. Smita Sah </li></ul><ul><li>B.K. School of Business Management </li></ul><ul><li>Gujarat University, Ahmedabad </li></ul>
  2. 2. History and Political System <ul><li>Italy became a nation-state in 1861 under King Victor EMMANUEL II. </li></ul><ul><li>A Fascist dictatorship from 1920 under Benito Mussolini. </li></ul><ul><li>A republic government replaced the monarchy in 1946 after WW-II and economic revival followed. </li></ul><ul><li>Rome is the capital of Italy. </li></ul>
  3. 3. History and Political System <ul><li>Independence day: 17 March </li></ul><ul><li>Republic Day: 2 June (1946) </li></ul><ul><li>Constitution: passed on 11 December 1947, effective from 1 January 1948 </li></ul><ul><li>Chief of state: President Giorgio NAPOLITANO (since 15 May 2006) </li></ul><ul><li>Head of government: Prime Minister Silvio BERLUSCONI (since 8 May 2008) </li></ul>
  4. 4. Economic Overview <ul><li>GDP (as per 31 st Dec.2008) </li></ul><ul><li>GDP composition by Sectors </li></ul>
  5. 5. Economic Overview <ul><li>(data are in 2008 US $) </li></ul>Year GDP per Capita ($) Inflation Rate (%) PLR (%) Market value of Publicly traded shares ( $ Trillion) 2008 31,300 3.4 2007 31,700 1.8 10.93 1.073 2006 31,200 1.027
  6. 6. Work Culture <ul><li>  &quot;Time is money&quot; is not a common phrase in Italy. </li></ul><ul><li>  Foreign businessmen/women should be punctual for business appointments, although the Italian executive may not be. </li></ul><ul><li>  Do not expect quick decisions or actions to take place, as the Italian bureaucracy and legal systems are rather slow. </li></ul><ul><li>  Italian companies often have a rigid hierarchy, with little visible association between the ranks. </li></ul><ul><li>Hofstede’s Dimension of Culture Scales </li></ul>Country Power Distance Individualism Uncertainty Avoidance Masculinity Long term orientation India 77 48 40 56 61 Italy 50 76 75 70 USA 40 91 46 62 29
  7. 7. Economic challenges <ul><li>Italy has moved slowly on implementing needed structural reforms </li></ul><ul><li>The Italian government is seeking to rein in government spending, but the leadership faces a severe economic constraint: the fiscal deficit - 1.5% of GDP in 2007 - could approach 3% in 2009 as political pressure to stimulate the economy. </li></ul><ul><li>The economy will continue to contract through 2009 as the global demand for exports drop. </li></ul>