Economy of Rome

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Not to be confused with
Ancient Roman economy
.

Telecom Italia.[3]

Rome, hosts major international and worldwide political and cultural organizations, such as the

world city, along with other cities, such as Berlin and Montreal,[4] and was ranked as the world's 28th most important city in the Global Cities Index.[5] In 2008, Rome ranked 30th in the world for global importance.[6]

History

Night view of the Trajan's Market which was built by Apollodorus of Damascus

Ancient Rome commanded a vast area of land, with tremendous natural and human resources. As such,

farming and trade. Agricultural free trade changed the Italian landscape, and by the 1st century BC, vast grape and olive estates had supplanted the yeoman farmers, who were unable to match the imported grain price. The annexation of Egypt, Sicily and Tunisia in North Africa provided a continuous supply of grains. In turn, olive oil and wine were Italy's main exports. Two-tier crop rotation was practiced, but farm productivity was overall low, around 1 ton per hectare
.

Some economists like Peter Temin consider the Roman Empire a market economy, similar in its degree of capitalistic practices to 17th century Netherlands and 18th century England.[7]

After the

decline of the Roman Empire, Rome fell into decay, with its ex-economic and political power passing on to other cities, such as Milan, Florence, Venice and Palermo.[8] Even though Rome still had the powerful pope, the city ceased to be a major centre for commerce, trade and finance.[8]

The Roman economy, however, boomed in the 16th and 17th centuries, especially when the

banking, commerce and trade, especially when the Florentine merchants involved in papal affairs, yielded huge profits.[9]

Rome grew momentously after the war, as one of the driving forces behind the "

La Dolce Vita,[10] being filmed in the city's iconic Cinecittà
Studios. A new rising trend in population continued until the mid-1980s, when the commune had more than 2,800,000 residents; after that, population started to slowly decline as more residents moved to nearby suburbs.

Sectors

Tourism

Main article: Tourism in Rome
Vatican Museums are the world's 37th most visited tourist destination, with over 4.2 million tourists a year.[11]

Rome today is one of the most important tourist destinations of the world, due to the incalculable immensity of its archaeological and artistic treasures, as well as for the charm of its unique traditions, the beauty of its panoramic views, and the majesty of its magnificent "villas" (parks). Among the most significant resources: plenty of museums - (Musei Capitolini, the Vatican Museums, Galleria Borghese, and a great many others) —

Vatican Museums (4.2 million tourists) are the 39th and 37th (respectively) most visited places in the world, according to a recent study.[11] In 2005 the city registered 19.5 million of global visitors, up of 22.1% from 2001.[1] In 2006 Rome has been visited by 6.03 million of international tourists, reaching the 8th place in the ranking of the world's 150 most visited cities.[12]

Fashion

Spanish steps
.

Rome is widely recognized as a world

Via dei Condotti
.

Cinema

Entrance to the Cinecittà studios

Rome hosts the

Hollywood, with well over 5,000 professionals — from period costume makers to visual effects specialists. More than 3,000 productions have been made on its lot, from recent features like The Passion of the Christ, Gangs of New York, HBO's Rome, The Life Aquatic and Dino De Laurentiis’ Decameron, to such cinema classics as Ben-Hur, Cleopatra, and the films of Federico Fellini
.

Founded in 1937 by Benito Mussolini, the studios were bombed by the Western Allies during the Second World War. In the 1950s, Cinecittà was the filming location for several large American film productions, and subsequently became the studio most closely associated with Federico Fellini. Today Cinecittà is the only studio in the world with pre-production, production, and full post-production facilities on one lot, allowing directors and producers to walk in with their script and "walk out" with a completed film.

Commerce, communications and transport

Rome-Fiumicino Airport in 2008 was the sixth busiest airport
in Europe.

Although the economy of Rome is characterized by the absence of heavy industry and it is largely dominated by

TIM.[3]

Industry

Rome is also developed in industry. Mainly in the technology sector, telecommunications, pharmaceutical and food industries. Most factories are located in an area called Tiburtina Valley in the east of the city. Other important industrial areas are located in nearby towns such as Aprilia and Pomezia.

References

  1. ^ a b c Rapporto Censis 2006 Archived 2008-04-18 at the Wayback Machine
  2. ^ name="observatoribarcelona.org"
  3. ^ a b DeCarlo, Scott (2006-03-30). "The World's 2000 Largest Public Companies". Forbes. Retrieved 2007-01-16.
  4. ^ "GaWC - the World According to GaWC 2010". Archived from the original on 2013-10-10. Retrieved 2014-02-03.
  5. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2011-09-04. Retrieved 2011-10-02.{{cite web}}: CS1 maint: archived copy as title (link)
  6. ^ "Page not found – Foreign Policy". Archived from the original (PDF) on 2010-01-07. Retrieved 2017-03-06. {{cite web}}: Cite uses generic title (help)
  7. ^ Temin, Peter. "A Market Economy in the Early Roman Empire." Archived 2010-06-15 at the Wayback Machine
  8. ^ a b "mariamilani Ancient Rome". www.mariamilani.com.
  9. ^ a b "Papal Banking in Renaissance Rome: Benvenuto Olivieri and Paul III, 1534-1549. - Free Online Library". www.thefreelibrary.com. Archived from the original on 2012-01-31. Retrieved 2009-10-22.
  10. ^ "La Dolce Vita". 19 April 1961 – via www.imdb.com.
  11. ^ a b "Itv News | the 50 Most Visited Places in the World". Archived from the original on 2009-10-02. Retrieved 2009-08-25.
  12. ^ Caroline Bremner (2007-10-11). "Top 150 City Destinations: London Leads the Way". Euromonitor International. Retrieved 2008-08-03. This article has the complete list of 150 cities
  13. ^ "The Global Language Monitor » Fashion". Languagemonitor.com. 2009-07-20. Archived from the original on 2009-11-01. Retrieved 2009-10-17.
  14. ^ "FENDI". Fendi. Retrieved 2010-11-19.
  15. ^ "history of Cinecittà Studios in Rome". Romefile.com. Retrieved 2009-10-17.
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