No it's not an Italian country but I admit that it's not a bad guess. These are 2 important concepts that come from Machiavelli and in italian it would be Virtů e fortuna if i'm correct. Unfortunatly it's in latin and it's not Italy. You can have better idea of which country it is by looking at the first picture.

About the question: yes a world map but I don't know about the colors yet. All country will have border and colour.

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