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:
“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)
“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)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)