Economy
Key industry sectors include power generation, paper manufacture, timber mills, agriculture, dairy, timber, IT, engineering and education. The Valley provides 85% of Victoria’s electricity and has a substantial engineering sector supporting the power generation, pulp and paper production and food processing industries, etc. The tertiary education sector attracts local, interstate and international students.
Logging is also an important industry in the hills to the north and south, with a major paper mill located at Maryvale, near Morwell. In the rugged north of the region is located the historic gold-mining town of Walhalla, amid mountains forming the west of Alpine National Park and nearby Baw Baw National Park, a minor winter ski resort.
Read more about this topic: Latrobe Valley
Famous quotes containing the word economy:
“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)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)