Complexity Economics Society

Italy – Pride and Prejudice

Europa

 

In the current economic situation, of falling stock markets, plummeting oil prices and sustained turbulence, the global investor must know which regions/countries offer better long-term sustainable investment opportunities. In addition to having one of highest resilience ratings in the Euro Area (Italy – 73.1%, versus 70.5% of Germany for example), Italy is the 3rd largest economy of the Eurozone and the 8th largest in the world, with a GDP of more than 2.1 trillion dollars, bigger than India or Russia. The domestic market offers many opportunities, with a population of more than 60 million and a per capita GDP of 36,000 dollars. The net wealth of Italian households is 8 times their disposable income (a higher ratio than US, Germany and Canada) and their indebtedness remains relatively low (82% of disposable income). Here are some interesting facts:

Italy’s public debt increase in the period 2008-2014 is among the lowest and well below that of the United Kingdom, European Union, the USA, France, or the Euro Area.
ScreenHunter_883 Feb. 09 19.02

 

Italy boasts the second largest primary surplus in the EU. It has been among the most stable over the past twenty years:

 

ScreenHunter_882 Feb. 09 19.02

 

When it comes to the impact of public intervention into national banking systems Italy is right at the bottom of the scale: while Germany has spent nearly 240 billion Euros to prop up its banks, in Italy it has been just over 1 billion!

 

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Italy is the World’s fifth producer of manufactured products, second in Europe:

manufacturing

 

Surprised? See short video.

 

Source all graphs: Italian Ministry of Finance and Economics.

 

www.ontonixcom

 

 

Established originally in 2005 in the USA, Ontonix is a technology company headquartered in Como, Italy. The unusual technology and solutions developed by Ontonix focus on countering what most threatens safety, advanced products, critical infrastructures, or IT network security - the rapid growth of complexity. In 2007 the company received recognition by being selected as Gartner's Cool Vendor. What makes Ontonix different from all those companies and research centers who claim to manage complexity is that we have a complexity metric. This means that we MEASURE complexity. We detect anomalies in complex defense systems without using Machine Learning for one very good reason: our clients don’t have the luxury of multiple examples of failures necessary to teach software to recognize them. We identify anomalies without having seen them before. Sometimes, you must get it right the first and only time!

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