Birmingham Map Tourist Attractions on In the 1950s and 1960s, state intervention played a major role in creating the material conditions of the so-called Italian economic miracle. The state succeeded in establishing several new chemical, engineering, and ENERGY industries in which private Italian capitalism had been unwilling to risk its own resources. But the vast intervention of the state in the national economy has also caused one of the characterizing features of the Italian economic system in the second half of the 20th century, CORRUPTION. The governing parties, especially the Christian Democrats and, in the 1980s, the Socialists took direct hold of the public sector and supplied jobs in exchange for votes. In addition, the funds of public companies were often used to fund political parties and their onerous structures while public contracts were awarded to private business after the politicians in charge of the decision had been bribed. Despite the complications of privatization and corruption, Italy remains a powerful economy. With a population of 58 million (2002), the country’s GROSS DOMESTIC PRODUCT (GDP) was $1. Birmingham Map Tourist Attractions 2016.
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