Economy
Due to the Gothenburg's advantageous location in the centre of Scandinavia, trade and shipping have always played a major role in the city's economic history, and they continue to do so. Gothenburg port has come to be the largest harbour in Scandinavia.
Apart from trade, the second pillar of Gothenburg has traditionally been manufacturing, and industry which significantly contributes to the city's wealth. Major companies operating plants in the area include SKF, Volvo, and Ericsson. Volvo Cars is the largest employer in Gothenburg, not including jobs in supply companies. The blue collar industries which have dominated the city for long are still important factors in the city's economy, but they are being gradually replaced by high tech industries.
Banking and finance are also important trades as well as the event and tourist industry.
Gothenburg is the terminus of the Valdemar-Göteborg gas pipeline, which brings natural gas from the North Sea fields to Sweden, through Denmark.
Historically, Gothenburg was home base of the 18th century Swedish East India Company and were from the founding of the city until the late 1970s a world-leading city in ship building with shipyards as Eriksbergs Mekaniska Verkstads AB, Götaverken, Arendalsvarvet and Lindholmens varv.
Read more about this topic: Gothenburg
Famous quotes containing the word economy:
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)