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:
“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)
“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)
“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)