Economy
Due to the Gothenburg's advantageous location in the centre of Scandinavia, trade and shipping have always played a major role in the city's economic history, and they continue to do so. Gothenburg port has come to be the largest harbour in Scandinavia.
Apart from trade, the second pillar of Gothenburg has traditionally been manufacturing, and industry which significantly contributes to the city's wealth. Major companies operating plants in the area include SKF, Volvo, and Ericsson. Volvo Cars is the largest employer in Gothenburg, not including jobs in supply companies. The blue collar industries which have dominated the city for long are still important factors in the city's economy, but they are being gradually replaced by high tech industries.
Banking and finance are also important trades as well as the event and tourist industry.
Gothenburg is the terminus of the Valdemar-Göteborg gas pipeline, which brings natural gas from the North Sea fields to Sweden, through Denmark.
Historically, Gothenburg was home base of the 18th century Swedish East India Company and were from the founding of the city until the late 1970s a world-leading city in ship building with shipyards as Eriksbergs Mekaniska Verkstads AB, Götaverken, Arendalsvarvet and Lindholmens varv.
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Famous quotes containing the word economy:
“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)
“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)
“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)