Most of Italy is known for is their

Most famous composers in Italy are renaissance
composers Palestrina and Monteverdi, the Baroque composers Alessandro
Scarlatti, Corelli and Italy is known for
many of the artistic and intellectual trends globally. Some of the famous
artists of their time are Leonardo da
Vinci, Michelangelo, Raphael, Botticelli, Caravaggio, Arcimboldi, Donatello,
Fra Angelico, Tintoretto, Bernini, and Titian (Italian Art and Culture, n.d.).

Italy
also has a unique customs and traditions. People greet each other with
enthusiasm, yet still formal. Air-kissing on both cheeks is a common hello
gesture to people they know or when a relationship develops (Italy Guide,
n.d.).
As well as Italians frequently between males give each other a pat on the back
as greeting gesture (Italy Guide, n.d.). Italian cuisine is
viewed as a form of art by the food culture and by many people around the
world. Main Italian meals include a wide
range of cheeses, Wine, and pasta (Zimmermann K. A., 2017). Primary
religion is Roman Catholic in Italy,
there are “more Catholic churches per
capita than any other countries” (Italy Guide, n.d.).Offices in Italy
will have a cross or a religious statute placed in the lobby (Italy Guide,
n.d.).Trades
and Professions have a patron saint and the
culture has a high level of respect for older people, people who have achieved
success in businesses, and people who are in well- connected families (Italy Guide, n.d.). Other religions in
Italy is Protestant, there are Jewish communities and a Muslim immigrant community. (Italy Guide, n.d.).

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In the
north, generally only the nuclear family lives together; while in the south,
the extended family often resides together in one house. Surrounded by family members provides emotional and financial
support (Zimmermann K. A., 2017). Many companies in Italy’s economy are family owned business,   small, mid-sized businesses, and even large business such as Fiat and Benetton (Zimmermann K. A.,
2017).

            It’s
important as an investor to not disregard
the culture of a country. Gaining insight into
the foreign country’s culture will help you
understand the shared beliefs, customs, norms, and values of the country. About
93% of the population speak the official
language Italian (Zimmermann K. A., 2017). Other commonly
spoken languages in Italy is Croatian, Greek 
Ladin, Slovene, German, French, Catalan, Sardinian, and English (Zimmermann K. A., 2017). Settings, where English
and Italian are spoken in, is in business, dining, work, and school settings. A
country that has a wide range of languages spoken is an advantage towards
business because it’s very inclusive of people who speak a certain language.
One major characteristic of Italy is
known for is their  “family-centric culture” and a strong set
of family values (Zimmermann K. A., 2017). The family is
very important to the culture because the family is the center of the social structure and provides a
stabilizing influence for its members (Zimmermann K. A., 2017). Family solidarity
is focused on extended family rather than “the nuclear family” of just a
mom, dad and kids.

Cultural Information

The
all-time highest of 6 percent in the first quarter of 1970 and a record low of
-2.80 percent in the first quarter of 2009″ (Taborda, 2017). Italy ranks in the second quartile at 56 in the world
of being economic freedom in 2015. This indicates the risks involved in doing
business in Italy is moderately good standard rating 7.30 out of 10 (Economic Freedom World Rankings 2015, 2016). Meaning that international
businesses have a good amount of economic freedom to be able to avoid obstacles
and threats preventing business to trade and a freedom to import and export
goods in and out of the country.

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