Milan is one of the main financial and business centers of Europe and the world . Milan's GDP, together with its suburbs, in 2004 amounted to 241.2 billion euros (or 312.3 billion US dollars ). Thus, Milan is in fourth place among the urban agglomerations of Europe in terms of GDP. If Milan were a country, then its economy would be in 28th place among the largest economies in the world, along with the economy of Austria . The direct GDP of the city of Milan in the amount of 115 billion dollars makes it the 26 richest city in the world in terms of purchasing power [1] . Milan is the 11th most expensive city in the world for foreigners [2] , it has an impact on fashion , commerce , business , banking , design , and industry around the world, being an alpha city , along with cities like Kuala Lumpur , Toronto , Brussels , Madrid , Seoul and Buenos Aires [3] . In addition, the inner city, is the largest industrial region of Italy and one of the largest in Europe. The level of GDP per capita in Milan is one of the highest in Italy, amounting to about 35,137 euros (or 52,263 dollars), which is 61.6% more than the average in the EU [4] .
Content
- 1 Economic History of Milan
- 2 Fashion industry
- 3 Milan Companies
- 4 notes
The Economic History of Milan
At the end of the XII century, Milan was a rich city, mainly engaged in the production of armor and wool . At this time, Milan ruled Lombardy , which also brought additional income. In the Renaissance , along with Venice and Florence, the city was famous for the production of luxury goods , textiles , hats and fabrics . Milan had such a cultural influence that the word “ millinery ”, i.e. a woman who produces women's hats comes from the name of the city. Towards the end of the 19th and beginning of the 20th centuries, Milan became a major European industrial center. The city had developed automobile industry , heavy machinery , the production of chemicals , textiles, tools, publishing . After the Second World War and the opening of the refugee camp, the city witnessed an economic miracle . New buildings were built, new industries appeared; many immigrants from southern Italy and China moved to Milan. The city experienced a strong flow of immigrants and became one of the main international cosmopolitan centers for foreign labor . Studies have shown that by the end of the 1990s, more than 10% of city workers were foreigners [5] . According to ISTAT data, in January 2008, 181393 foreign immigrants lived in Milan, which is 13.9% of the total population [6] .
Fashion industry
Milan is also considered as one of the main fashion capitals , annually competing with other major international centers such as New York , Paris , Rome , London , Los Angeles and Tokyo [7] . Major fashion houses and brands are brands such as Versace , Gucci , Armani , Valentino , Prada , Dolce & Gabbana , Moschino and Missoni . Their headquarters are located in Milan, actively contributing to the development of the city's economy. In addition, a fashion week is held twice a year in Milan.
Milan Companies
In Milan, many of the largest companies in Italy are located, one of them ( UniCredit ) is included in the list of the hundred largest companies in the world [8] . Other major corporations and banks based in Milan include Luxottica , Borsa Italiana , Telecom Italia Mobile (TIM), Banca Intesa , Banca Popolare di Milano , Vodafone Italy , Odeon TV , Fininvest , Esselunga , Fineco , Versace , Gucci , La Rinascente , Alfa Romeo , Prada , Etro , Pirelli , Compagnia Generale di Elettricità , Valentino , Armani , Missoni , Moschino , Telelombardia , SEAT Pagine Gialle and BBPR [9] .
Notes
- ↑ City Mayors: World's richest cities by purchasing power
- ↑ City Mayors: Cost of living - The world's most expensive cities 2010
- ↑ GaWC - The World According to GaWC 2008
- ↑ Archived copy . Date of treatment October 18, 2009. Archived on August 6, 2007.
- ↑ http://www.feem.it/NR/Feem/resources/EURODIVPapers/ED2006-025.pdf (inaccessible link)
- ↑ Statistiche demografiche ISTAT
- ↑ The Global Language Monitor »Fashion Archived on November 1, 2009.
- ↑ The World's 2000 Largest Public Companies - Forbes.com
- ↑ Milano Companies Directory (inaccessible link) . Date of treatment December 14, 2009. Archived July 24, 2008.