The Economic Geography Of The Italian Region "Piedmont" (Piemonte)

6763 words - 27 pages

The economic geography of the Italian region “Piedmont” (Piemonte)IntroductionThe region, Piedmont is situated on the North-West part of Italy, not far from Milan to the West, being a border region to Provence-des-Alpes in France. The physical location of Piedmont is worth to mention as it lies between the “great arc of the Alps and the northern Apennines, the highest point being Monviso (3 841 m). Hilly in the centre, it is bounded on the east by natural frontiers - Lake Maggiore and the course of the Ticino.” Its physical location and its surroundings give Piedmont a large number of benefits that will be listed and analysed in the coming chapters. The region’s capital city is Turin (Torino) that hosts half of Piedmont’s population. Piedmont also has a remarkable industrial activity; it occupies the headquarters of the famous Fiat car-manufacturer company. These factors make it interesting to compare the performance of the region to those of the other Italian regions. In addition, the capital city, Turin needs an extra chapter to introduce in more detail as it has a high influence on the region’s overall accessibility and on its business structure. Finally, Piedmont’s future development will be assessed based on the analysis of its main features.Starting the analysis of one of Italy’s most developing region, Piedmont, we first need to have a close look at its performance and the relation of its performance to the other Italian NUTS2 regions. In order to compare the performance of Piedmont with that of the other regions, it is important to have an overview of the regions’ economic growth.First the Gross Domestic Product per inhabitant of the NUTS2 regions in Italy needs to be taken into consideration. The GDP of Piedmont region is one of the highest among the other regions; according to Eurostat it was 26,570 Euros in 2004. This fact is highly connected to the existence of the major Italian car manufacturing firm, Fiat in the region’s capital city, Turin that contributes a large amount to this GDP rate. Other major industries, like aircraft manufacturers and growing industries in the services sector also play an important role in Piedmont’s high GDP rate. “Piemonte contributed to the gross value added of Italy with 8.7% in 2000, while its population was 7.4% of the national total. Per capita GDP is above the national average and represented 120% of the EU average.” However, the growth of the GDP (between 2002 and 2004) in Piedmont was not as significant as in other regions.The next important measure to be mentioned is the unemployment rate, in which Piedmont also has a very positive remark; compared to the other regions its unemployment-rate is among the lowest with 4.7% (in comparison, the highest unemployment rate was 23.4% in Calabria in 2003 that decreased to 14.4 % by 2005), and it has been decreasing between 2003 and 2005. The reason of Piedmont’s low and constantly...

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