Econ 310 Paper Outline

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Econ Paper Outline

I. International Trade - Exports and imports (type and volume) to and from other countries, including the U.S.

- Commercial policy (tariffs, quotas, non-tariff barriers, licensing requirements)


“High income economy, OECD member, G8 member. The economy relies on imports of raw materials and energy; large public debt”


"Italy." OEC. Web. 02 Apr. 2016. <>.

“Italy is the 10th largest export economy in the world and the 17th most complex economy according to the Economic Complexity Index (ECI). In 2013, Italy exported $499B and imported $465B, resulting in a positive trade balance of $34.2B. In 2013 the GDP of Italy was $2.15T and its GDP per capita was $35.3k.”

“The top exports of Italy are Packaged Medicaments ($22.1B), Refined Petroleum ($19.8B), Vehicle Parts ($14.3B), Cars ($10.6B) and Valves($9B), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Crude Petroleum ($45.3B), Petroleum Gas ($26.8B), Cars ($20.3B), Packaged Medicaments ($15.3B) and Refined Petroleum ($14.6B).”

“The top export destinations of Italy are Germany ($58.8B), France($49.8B), the United States ($38.1B), the United Kingdom ($24.8B) and Switzerland ($24.7B). The top import origins are Germany ($68.1B),France ($38.4B), China ($30.2B), the Netherlands ($26.8B) and Russia($26.5B).”


“In 2013 Italy imported $465B, making it the 11th largest importer in the world. During the last five years the imports of Italy have decreased at an annualized rate of -2.6%, from $530B in 2008 to $465B in 2013. The most recent imports are led by Crude Petroleum which represent 9.7% of the total imports of Italy, followed by Petroleum Gas, which account for 5.76%.”

“The economy of Italy has an Economic Complexity Index (ECI) of 1.22...