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:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)