Economy
Traditionally the city's economy had depended almost entirely on the sugar cane industry. Since around the 1950s, however, the town's economy has diversified and today its economy revolves around a mixed-industry manufacturing sector, retail, and tourism. The building of a mega port, anticipated to be completed in 2012, is expected to add significantly to the area's economy. Agriculture, retail, and services are also significant players in the local economy. "It is an agricultural, trade, and distribution center. Industries include tourism, the processing of agricultural products, rum distilling, canning, and diamond cutting. Manufactures include textiles, shoes, cement, paper, electrical devices, and metal products." The city, though, suffers from an unemployment rate that hovers around the 15 percent mark.
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Famous quotes containing the word economy:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)