Italy

Abstract

Wikipedia Country Information

Italy ( I-tə-lee; Italian: Italia [iˈtaːlja] ( listen)), officially the Italian Republic (Italian: Repubblica italiana), is a unitary parliamentary republic in Europe. Located in the heart of the Mediterranean Sea, Italy shares open land borders with France, Switzerland, Austria, Slovenia, San Marino and Vatican City. Italy covers an area of 301,338 km2 (116,347 sq mi) and has a largely temperate seasonal and Mediterranean climate. Due to its shape, it is often referred to in Italy as lo Stivale (the Boot). With around 61 million inhabitants it is the fourth most populous EU member state.
Since classical times, ancient Phoenicians, Carthaginians and Greeks established settlements in the south of Italy, with Etruscans and Celts inhabiting the centre and the north of Italy respectively and various ancient Italian tribes and Italic peoples dispersed throughout the Italian Peninsula and insular Italy. The Italic tribe known as the Latins formed the Roman Kingdom, which eventually became a republic that conquered and assimilated other nearby civilisations. Ultimately the Roman Empire emerged as the dominant power in the Mediterranean basin, conquering much of the ancient world and becoming the leading cultural, political and religious centre of Western civilisation. The legacy of the Roman Empire is widespread and can be observed in the global distribution of civilian law, republican governments, Christianity and the Latin script.
During the Early Middle Ages, Italy suffered sociopolitical collapse amid calamitous barbarian invasions, but by the 11th century, numerous rival city-states and maritime republics, mainly in the northern and central regions of Italy, rose to great prosperity through shipping, commerce and banking, laying down the groundwork for modern capitalism. These mostly independent statelets, acting as Europe's main spice trade hubs with Asia and the Near East, often enjoyed a greater degree of democracy and wealth in comparison to the larger feudal monarchies that were consolidating throughout Europe at the time, though much of central Italy remained under the control of the theocratic Papal States, while Southern Italy remained largely feudal until the 19th century, partially as a result of a succession of Byzantine, Arab, Norman, Angevin and Spanish conquests of the region.
The Renaissance began in Italy and spread to the rest of Europe, bringing a renewed interest in humanism, science, exploration and art. Italian culture flourished at this time, producing famous scholars, artists and polymaths such as Leonardo da Vinci, Galileo, Michelangelo and Machiavelli. Italian explorers such as Marco Polo, Christopher Columbus, Amerigo Vespucci and Giovanni da Verrazzano discovered new routes to the Far East and the New World, helping to usher in the European Age of Discovery. Nevertheless, Italy's commercial and political power significantly waned with the opening of the Atlantic trade route and the route to the Indian Ocean via the Cape of Good Hope, both of which bypassed the Mediterranean. Furthermore, the Italian city-states constantly engaged one another in bloody warfare, culminating in the Italian Wars of the 15th and 16th centuries that left them exhausted, with no one emerging as a dominant power. The weakened Italian sovereigns soon fell victim to conquest by European powers such as France, Spain and Austria.
By the mid-19th century, a rising movement in support of Italian nationalism and independence from foreign control led to a period of revolutionary political upheaval known as the Risorgimento, which sought the formation of a unified nation-state. After various unsuccessful attempts, the Italian Wars of Independence, the Expedition of the Thousand and the Capture of Rome resulted in the eventual unification of the country, now a great power after centuries of foreign domination and political division. From the late 19th century to the early 20th century, the new Kingdom of Italy rapidly industrialised, although mainly in the north, and acquired a colonial empire, while the south remained largely impoverished and excluded from industrialisation, fuelling a large and influential diaspora. Despite being one of the main victors in World War I, Italy entered a period of economic crisis and social turmoil, leading the way to the rise of a fascist dictatorship in 1922. The subsequent participation in World War II on the Axis side ended in military defeat, economic destruction and an Italian civil war. Following the liberation of Italy and the rise of the resistance, the country abolished the monarchy, reinstated democracy, enjoyed a prolonged economic boom and, despite periods of sociopolitical turmoil (e.g. Anni di piombo, Mani pulite, the Second Mafia War, the Maxi Trial and subsequent assassinations of anti-mafia officials), became a major advanced economy.
Today Italy has the third largest nominal GDP in the Eurozone and the eighth largest in the world. As an advanced economy the country also has the sixth worldwide national wealth and it is ranked third for its central bank gold reserve. Italy has a very high level of human development and it is sixth in the world for life expectancy. The country plays a prominent role in regional and global economic, military, cultural and diplomatic affairs, and it is both a regional power and a great power. Italy is a founding and leading member of the European Union and the member of numerous international institutions, including the UN, NATO, the OECD, the OSCE, the WTO, the G7, G20, the Union for the Mediterranean, the Council of Europe, Uniting for Consensus and many more. As a reflection of its cultural wealth, Italy is home to 53 World Heritage Sites, the most in the world, and is the fifth most visited country.


Summary
Instruments ratified: 203 / 282
World Average Ratifications: 114 / 282
Ratification rate: 72.10%
World Average Rate: 41.25%
Weighted score: 75.42%
World Average Weighted Score: 41.25%
World rank: 1 / 194
Developed country rank: 1 / 30
Developed country Avg. Ratifications: 159 / 282
Europe Union rank: 1 / 28
Europe Union Avg. Ratifications: 180 / 282
Southern Europe rank: 1 / 14
Southern Europe Avg. Ratifications: 142 / 282
Comparative Statistical Analysis
CONTRACTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Agency1/2 (50.00%)50.00%2.00%3Strong
Conflict of laws3/7 (42.86%)28.57%3.00%3Strong
E-commerce0/30.00%18.00%70Weak
Franchising0/10.00%0.00%1Average
Leasing/Factoring2/2 (100.00%)100.00%5.00%1Strong
Principles, trade usages and standards0/20.00%0.00%1Average
Procurement0/40.00%3.00%31Weak
Sale of Goods3/5 (60.00%)63.64%25.00%23Strong
Travel contracts1/1 (100.00%)100.00%3.00%1Strong
Total1024.64%9.00%10Strong
 
CUSTOMSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Customs Codification2/3 (66.67%)100.00%78.00%1Strong
Customs Cooperation3/6 (50.00%)60.00%26.00%4Strong
Exemption from Duties7/9 (77.78%)77.78%30.00%6Strong
Temporary Admission9/11 (81.82%)91.18%28.00%9Strong
Transit2/4 (50.00%)72.73%28.00%17Strong
Total2380.43%31.00%3Strong
 
DISPUTE RESOLUTIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Arbitration3/6 (50.00%)35.00%32.00%73Weak
Judicial cooperation4/5 (80.00%)84.21%36.00%27Strong
Recognition of foreign judgments0/20.00%2.00%6Weak
State court jurisdiction1/4 (25.00%)100.00%14.00%1Strong
State court procedure0/10.00%6.00%12Weak
State immunities 1/1 (100.00%)100.00%11.00%1Strong
Total962.00%29.00%27Strong
 
ENVIRONMENT AND PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air4/5 (80.00%)80.00%86.00%59Weak
Chemicals1/1 (100.00%)100.00%78.00%1Strong
Energy2/2 (100.00%)100.00%25.00%1Strong
Flora and fauna9/10 (90.00%)93.48%68.00%4Strong
Foodstuff2/2 (100.00%)100.00%79.00%1Strong
General1/1 (100.00%)100.00%95.00%1Weak
International watercourses1/1 (100.00%)100.00%18.00%1Strong
Maritime and Law of the Sea21/26 (80.77%)83.70%46.00%17Strong
Protected geographical areas 1/1 (100.00%)100.00%27.00%1Strong
Waste1/1 (100.00%)100.00%93.00%1Weak
Total4388.02%61.00%11Strong
 
FINANCE, PAYMENTS AND INSOLVENCYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Assignment of receivables0/10.00%1.00%2Weak
Bankruptcy and insolvency0/10.00%21.00%41Weak
Bills of exchange and promissory notes3/4 (75.00%)50.00%8.00%1Strong
Cheques3/3 (100.00%)100.00%13.00%1Strong
Credit transfers0/10.00%0.00%1Average
International guarantees0/30.00%20.00%75Weak
Total624.39%12.00%32Strong
 
GOOD GOVERNANCE Inst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Corruption3/4 (75.00%)75.00%50.00%6Strong
Cultural Property4/4 (100.00%)100.00%54.00%1Strong
Drugs3/3 (100.00%)100.00%95.00%1Weak
Insider Trading0/10.00%4.00%9Weak
Organized crime2/2 (100.00%)100.00%80.00%1Strong
Total1292.31%68.00%2Strong
 
HUMAN RIGHTS AND LABOUR STANDARDSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Human Rights7/7 (100.00%)100.00%96.00%1Weak
Labour Standards8/8 (100.00%)100.00%86.00%1Strong
Total15100.00%91.00%1Average
 
INSTITUTIONAL PARTICIPATIONInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Dispute Resolution1/1 (100.00%)100.00%39.00%1Strong
International Trade Law 10/10 (100.00%)100.00%73.00%1Strong
Trade support institutions6/6 (100.00%)100.00%51.00%1Strong
Total17100.00%63.00%1Strong
 
INTELLECTUAL PROPERTYInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Broadcasting1/1 (100.00%)100.00%47.00%1Strong
Copyright3/3 (100.00%)100.00%65.00%1Strong
Industrial designs2/2 (100.00%)100.00%31.00%1Strong
Integrated circuits0/10.00%2.00%4Weak
Neighboring Rights3/3 (100.00%)100.00%46.00%1Strong
Origin3/3 (100.00%)100.00%14.00%1Strong
Patents4/5 (80.00%)85.71%57.00%30Strong
Trademarks5/6 (83.33%)95.45%33.00%10Strong
Varieties of plants1/1 (100.00%)100.00%37.00%1Strong
Total2294.74%42.00%4Strong
 
INVESTMENTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Investment disputes1/2 (50.00%)50.00%39.00%2Strong
Investment guaranty1/1 (100.00%)100.00%93.00%1Weak
Total266.67%57.00%2Strong
 
PRODUCTSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Marine Resources0/10.00%24.00%48Weak
Timber1/1 (100.00%)100.00%31.00%1Strong
General1/1 (100.00%)100.00%92.00%1Weak
Total276.92%53.00%23Strong
 
TRANSPORT AND TELECOMMUNICATIONSInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Air transport5/7 (71.43%)90.48%59.00%4Strong
Aircrafts and civil aviation 7/9 (77.78%)92.00%74.00%11Strong
Maritime shipping and load lines 10/13 (76.92%)85.71%66.00%55Strong
Maritime transport3/12 (25.00%)20.83%27.00%103Weak
Multi modal transport 0/20.00%4.00%15Weak
Rail transport3/3 (100.00%)100.00%22.00%1Strong
Road transport4/4 (100.00%)100.00%31.00%1Strong
Space3/4 (75.00%)83.33%40.00%16Strong
Telecommunications2/2 (100.00%)100.00%47.00%1Strong
Total3779.05%50.00%15Strong
 
TREATIES LAWInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
General2/4 (50.00%)66.67%30.00%11Strong
Total266.67%30.00%11Strong
 
WTOInst. ratifiedCountry scoreWorld avg. scoreCountry rank in worldStrength
Plurilateral Agreements2/2 (100.00%)100.00%18.00%1Strong
WTO Agreements1/1 (100.00%)100.00%81.00%1Strong
Total3100.00%47.00%1Strong
 
Strengths and Weakness
Strong
ContractsAgency
ContractsConflict of laws
ContractsLeasing/Factoring
ContractsSale of Goods
ContractsTravel contracts
CustomsCustoms Codification
CustomsCustoms Cooperation
CustomsExemption from Duties
CustomsTemporary Admission
CustomsTransit
Dispute resolutionJudicial cooperation
Dispute resolutionState court jurisdiction
Dispute resolutionState immunities
Environment and productsChemicals
Environment and productsEnergy
Environment and productsFlora and fauna
Environment and productsFoodstuff
Environment and productsInternational watercourses
Environment and productsMaritime and Law of the Sea
Environment and productsProtected geographical areas
Finance, payments and insolvencyBills of exchange and promissory notes
Finance, payments and insolvencyCheques
Good Governance Corruption
Good Governance Cultural Property
Good Governance Organized crime
Human Rights and Labour StandardsLabour Standards
Institutional ParticipationDispute Resolution
Institutional ParticipationInternational Trade Law
Institutional ParticipationTrade support institutions
Intellectual propertyBroadcasting
Intellectual propertyCopyright
Intellectual propertyIndustrial designs
Intellectual propertyNeighboring Rights
Intellectual propertyOrigin
Intellectual propertyPatents
Intellectual propertyTrademarks
Intellectual propertyVarieties of plants
InvestmentsInvestment disputes
ProductsTimber
Transport and telecommunicationsAir transport
Transport and telecommunicationsAircrafts and civil aviation
Transport and telecommunicationsMaritime shipping and load lines
Transport and telecommunicationsRail transport
Transport and telecommunicationsRoad transport
Transport and telecommunicationsSpace
Transport and telecommunicationsTelecommunications
Treaties lawGeneral
WTOPlurilateral Agreements
WTOWTO Agreements
 
Average
ContractsFranchising
ContractsPrinciples, trade usages and standards
Finance, payments and insolvencyCredit transfers
 
Weak
ContractsE-commerce
ContractsProcurement
Dispute resolutionArbitration
Dispute resolutionRecognition of foreign judgments
Dispute resolutionState court procedure
Environment and productsAir
Environment and productsGeneral
Environment and productsWaste
Finance, payments and insolvencyAssignment of receivables
Finance, payments and insolvencyBankruptcy and insolvency
Finance, payments and insolvencyInternational guarantees
Good Governance Drugs
Good Governance Insider Trading
Human Rights and Labour StandardsHuman rights
Intellectual propertyIntegrated circuits
InvestmentsInvestment guaranty
ProductsGeneral
ProductsMarine Resources
Transport and telecommunicationsMaritime transport
Transport and telecommunicationsMulti modal transport
Instruments ratifications

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