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Essay / Research Paper Abstract
This 12 page paper examines Italy's place in today's global business environment. Italy's businesses as well as regulation is discussed. Its reluctance to embrace the euro is seen as an obstacle to success in a global environment. Many other aspects of Italy's role in the global economy are discussed. Bibliography lists 10 sources.
Page Count:
12 pages (~225 words per page)
File: RT13_SA416Ity.rtf
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Unformatted sample text from the term paper:
many obstacles, inclusive of its location and embrace of the small business for the most part. Yet, Italy has a few obstacles that are pertinent to its government that has
for a very long time implemented many restrictions. Restrictions and red tape are things that governments implement so that they can have a sense that things are regulated. Also, they
see it as a way to get revenue. Finally, while it is true that government regulation is necessary, it is also one of the greatest hindrances to doing business. It
is known that many corporations locate in a state that has favorable regulation and tax rules. There is a simple reason as to why this is the case. Firms are
in business to make profit. If governments regulate them, then there is a reduced chance of making profit. By locating in a region where there are fewer taxes and fewer
regulations in terms of making money, companies will do well. For some time, Italy had many restriction and it is only recently that these have loosened up. The altering of
the long-standing regulations has helped to foster a new day for Italy. At the same time, although there is greater openness and ease for doing business in the nation, there
are other obstacles. Just as the changes in regulations took some time to emerge, Italy was late in embracing the euro as well. The eleven original euro nations took the
leap in 1999 but Italy did not jump on the bandwagon until 2002. This has painted Italy as a reluctant European country. The euro has been seen as important for
trade and it was also considered important for Europe to unite. The delays in embracing the euro and in altering regulations to make them more palatable had perhaps scared
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