A little, quiet, Country?

In Italy,in early XX century,the majority of Italian peoples and of the political parties were aganist wars and colonials adventures.
We assume a strong and popular King and a strong political leader that interpret this sentiment aganist warmonger minority.
What if Italy had renounced to become a great power?
So nothing conquest of Lybia in 1911,absolute neutrality in WW-I, obviously nothing fascist regime,nothing conquest of Abyssinia in 1936,and neutrality in WW-II.
In your opinion this political decision would be better or worse for Italy and Italians?
As would have been Italy in a timeline like this?
 
Probably better for Italy

Italy is probably richer, more powerful and happy depending on how things work out

Of course predictions are difficult long term, without Italy beating the Ottomans in Libya the Balkan wars get delayed, delaying the buildup of tension in the region, and delaying WWI and likely changing who wins if it happens, this POD gives one a lot of room to work with for how that goes, but generally one would expect a peaceful wealthy Italy with more population and GDP than France by the end of the century assuming Italy avoids being screwed by a war outside their control
 
Top