Italy is a sovereign state.
A developed country , industrialized country , more developed country , or `` more economically developed country '' ( MEDC ) , is a sovereign state that has a highly developed economy and advanced technological infrastructure relative to other less industrialized nations . A great power is a sovereign state that is recognized as having the ability and expertise to exert its influence on a global scale . Italy . The country plays a prominent role in regional and global economic , military , cultural and diplomatic affairs , and it is both a regional power and a great power .