Il sorpasso (economics): Difference between revisions
Content deleted Content added
mNo edit summary |
No edit summary |
||
| Line 1: | Line 1: | ||
'''Il sorpasso''' ([[Italian language|Italian]] for "the overtaking") is a term used by Italian press and commentators to designate the 1987 [[Italy]]'s overtaking of [[United Kingdom|Britain]]'s economy in nominal [[GDP]] terms.<ref>{{cite news|last1=Echikson|first1=William|title=Il sorpasso has Italians riding high|url=http://www.csmonitor.com/1987/0508/oital.html|accessdate=8 October 2014|publisher=[[The Christian Science Monitor]]|date=May 8, 1987}}</ref> Italy's per capita income was $15,120 by 1989, compared with Britain's $14,160 (and the USA's $20,630).<ref>{{cite book|last1=Clark|first1=Martin|title=Modern Italy, 1871 to the present|date=2008|publisher=Pearson Longman|location=Harlow, England|isbn=978-1405823524|page=472|edition=3rd|accessdate=8 October 2014}}</ref> Italy was now the fifth largest economy in the world, after the [[United States]], the [[USSR]], [[West Germany]], and [[France]]. The United Kingdom [[List of IMF ranked countries by past and projected GDP (nominal)|regained its position]] over Italy |
'''Il sorpasso''' ([[Italian language|Italian]] for "the overtaking") is a term used by Italian press and commentators to designate the 1987 [[Italy]]'s overtaking of [[United Kingdom|Britain]]'s economy in nominal [[GDP]] terms.<ref>{{cite news|last1=Echikson|first1=William|title=Il sorpasso has Italians riding high|url=http://www.csmonitor.com/1987/0508/oital.html|accessdate=8 October 2014|publisher=[[The Christian Science Monitor]]|date=May 8, 1987}}</ref> Italy's per capita income was $15,120 by 1989, compared with Britain's $14,160 (and the USA's $20,630).<ref>{{cite book|last1=Clark|first1=Martin|title=Modern Italy, 1871 to the present|date=2008|publisher=Pearson Longman|location=Harlow, England|isbn=978-1405823524|page=472|edition=3rd|accessdate=8 October 2014}}</ref> Italy was now the fifth largest economy in the world, after the [[United States]], the [[USSR]], [[West Germany]], and [[France]]. The United Kingdom [[List of IMF ranked countries by past and projected GDP (nominal)|regained its position]] over Italy in 1994. |
||
In 2009, Britain was briefly overtaken by Italy for a second time, leading the Italian ambassador, Giancarlo Aragona, to talk of a "secondo sorpasso".<ref>{{cite news|last1=Conway|first1=Edmund|last2=Porter|first2=Andrew|title=UK economy overtaken by Italy|url=http://www.telegraph.co.uk/finance/recession/6418344/UK-economy-overtaken-by-Italy.html|accessdate=8 October 2014|agency=[[The Daily Telegraph]]|date=23 October 2009}}</ref> |
In 2009, Britain was briefly overtaken by Italy for a second time, leading the Italian ambassador, Giancarlo Aragona, to talk of a "secondo sorpasso".<ref>{{cite news|last1=Conway|first1=Edmund|last2=Porter|first2=Andrew|title=UK economy overtaken by Italy|url=http://www.telegraph.co.uk/finance/recession/6418344/UK-economy-overtaken-by-Italy.html|accessdate=8 October 2014|agency=[[The Daily Telegraph]]|date=23 October 2009}}</ref> |
||
Revision as of 15:09, 10 March 2015
Il sorpasso (Italian for "the overtaking") is a term used by Italian press and commentators to designate the 1987 Italy's overtaking of Britain's economy in nominal GDP terms.[1] Italy's per capita income was $15,120 by 1989, compared with Britain's $14,160 (and the USA's $20,630).[2] Italy was now the fifth largest economy in the world, after the United States, the USSR, West Germany, and France. The United Kingdom regained its position over Italy in 1994.
In 2009, Britain was briefly overtaken by Italy for a second time, leading the Italian ambassador, Giancarlo Aragona, to talk of a "secondo sorpasso".[3]
References
- ^ Echikson, William (May 8, 1987). "Il sorpasso has Italians riding high". The Christian Science Monitor. Retrieved 8 October 2014.
- ^ Clark, Martin (2008). Modern Italy, 1871 to the present (3rd ed.). Harlow, England: Pearson Longman. p. 472. ISBN 978-1405823524.
{{cite book}}:|access-date=requires|url=(help) - ^ Conway, Edmund; Porter, Andrew (23 October 2009). "UK economy overtaken by Italy". The Daily Telegraph. Retrieved 8 October 2014.
 | This Italy-related article is a stub. You can help Wikipedia by expanding it. |