Economy
As elsewhere in the developed world, there has been a shift away from the manufacturing sector towards the service sector in Styria. This has had negative consequences for the industrial regions of upper Styria which have suffered a steady decline in population in recent years. In 2004 Styria had the strongest economic growth rate in Austria at 3.8% - mainly due to the Graz area which saw strong economic growth that year and has continued to grow in economic and population terms since then.
Styria is home to more than 150 cleantech companies, of which one dozen are world technology leaders in their field. The cleantech revenue of Styrian companies totals €2.7 billion. This equals to 8 percent of the Gross Regional Product (GRP), and is one of the highest concentrations of leading clean technology companies in Europe. The companies have an average (real) growth rate of 22 percent per year—well above the worldwide cleantech market growth of 18 percent per year. The region created roughly 2,000 additional green jobs in 2008 alone.
Read more about this topic: Styria
Famous quotes containing the word economy:
“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)
“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)
“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)