What is 'il mondo che vorrei' when translated from Italian to English?

"The world that I would like" is a literal English equivalent of the Italian phrase il mondo che vorrei. The pronunciation of the phrase -- whose most famous and recent association is as the title of a song by Zocca-born Italian singer-songwriter Vasco Rossi (born February 7, 1952) -- will be "eel MON-do key vor-REY" in Italian.