Emilia-Romagna (pronounced [eˈmiljaroˈmaɲɲa]) is an administrative region of Northern Italy comprising the two historic regions of Emilia and Romagna. The capital is Bologna; it has an area of 20,124 km² and about 4.3 million inhabitants. Emilia Romagna today is considered as one of the richest and most developed regions in Europe and has the third highest by GDP per capita in Italy. Bologna, the region's capital, has one of Italy's highest quality of life, and has highly advanced and modern social services. Emilia-Romagna is also a major cultural and touristic centre, being the home of the oldest university in the Western World, containing numerous Renaissance cities (such as Modena, Parma and Ferrara), being a major centre for food and automobile production (Emilia-Romagna is home of numerous iconic gastronomical and automotive industries, such as Ferrari, Lamborghini, Maserati and Barilla) and having a lively and colourful coastline, with numerous tourist resorts, such as Cattolica and Rimini.