Economy
The economy of Santa Cruz relies mainly on services. Trade, tourism, import-export, the seaport and the presence of the major political and financial institutions, as well as the most important companies, guarantee a strong economic activity and development. The building sector is important, while industry, apart from the oil refinery and food processing, is relatively minor. Santa Cruz has regenerated many areas of the city and modernised its infrastructure, built brand new areas, malls, high buildings and some charismatic structures, such as Calatrava´s Auditorio or the Congress Hall, César Manrique´s Marina and the not-yet-completed Óscar Domínguez Museum of Modern Art and Culture (IODACC) and the new Plaza de España layout, both by Basel-based Pritzker Prize winner studio Herzog & de Meuron. Work to renew the man-made Las Teresitas Beach is ongoing under the direction of French architect Dominique Perrault.
Read more about this topic: Santa Cruz De Tenerife
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)
“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)