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Cities such as Venice, Milan, Genoa, Florence, Siena, Pisa, Bologna among others, rose to great political power, becoming major financial and trading centers. These states paved the way for the Italian Renaissance and the end of the perceived obscurity of the Middle Ages.
Nov 30, 2017 · Using data on population, urbanization, prices, wages, and GDP, this article outlines the macroeconomic trends in central and northern Italy in the age of the Renaissance (1350–1550).
- Paolo Malanima
- 2018
Italy played a central role in the Euro-Mediterranean economy during Antiquity, the late Middle Ages, and the Renaissance. Until the end of the 16th century, the Italian economy was relatively advanced compared with those of the Western European and Mediterranean countries.
During the late Middle Ages, Northern and Central Italy became far more prosperous than the south of Italy, with the city-states, such as Venice and Genoa, among the wealthiest in Europe.
Oct 12, 2022 · During the late Middle Ages, Northern and Central Italy became far more prosperous than the south of Italy, with the city-states, such as Venice and Genoa, among the wealthiest in Europe.
The most important debates on economic themes have been primarily concerned with issues like ‘proto-industrialization’, the role of Italy and its most economically dynamic cities in the creation of a European ‘world economy’, and the formation of economic regions.
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In order to set this estimate of per capita GDP in a long-term perspective, it is useful to remember that, in the first decade after Unification (1861-70), per capita GDP in the whole of Italy (not only in the centre and north) was 20-30 per cent lower than during the early Renaissance in the centre and north.