Economy
The economy of Jerez has traditionally been centered on the wine industry, with exports of sherry worldwide. Because it lacks the civil service that other cities enjoy, Jerez has based its economy on industry. The cultivation of fruits, grains, and vegetables and horse and cattle husbandry has also been important to the local economy.
After the wine crisis in the 1990s, the city is now seeking to expand its industrial base. Tourism has been successfully promoted. The city's strong identity as a center for wine, flamenco, and horses, its popular festivals, MotoGP hosting and its historical heritage have contributed to this success.
The city is the home of Jerez Airport and has also been positioning itself as a logistics hub for western Andalucia, through the integration between the airport, the rail system and nearby ports.
In May 2012, "Time Magazine" profiled Jerez as the most indebted town in Spain, the vanguard of Spain's impending economic collapse and the consequent dissolution of the European Union.
Read more about this topic: Jerez De La Frontera
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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)