Nueva Italia, Paraguay and has a perfect square shape, because of the original urban planning promoted by count Enrico Statella. Nueva Italia, Paraguay Nueva Italia (Spanish for "New Italy") is a town in the Central Department of Paraguay. Nueva Italia was created in 1904 by the Paraguay government in order to establish some colonists from Italy and their 18 families in a farming area 40 km south of the capital Asunción. However also some German and Ucranian emigrants moved to live there. The first manager-administrator of this "Colonia Nueva Italia" (as was officially named) was the Italian count Enrico Statella. After WW1 many
Economy of Paraguay Economy of Paraguay Paraguay has a market economy highly dependent on agriculture products. In recent years, the economy has grown as a result of increased agricultural exports, especially soybeans. Paraguay has the economic advantages of a young population and vast hydroelectric power but has few mineral resources, and political instability has undercut some of the economic advantages present. The government welcomes foreign investment. Paraguay is a middle-income country that changed rapidly in the 1970s and 1980s as a result of hydroelectric development, agricultural colonization, construction, and cash crop exports. Nevertheless, the country's gross domestic product (GDP) in 1986 was approximately