Economy
Invercargill is home to the Southern Institute of Technology, which has introduced a zero-fees scheme. The scheme was partly responsible for rejuvenating the city when it was in a steady state of population decline. However the major factor in Invercargill's regrowth is the dairy industrial boom of the 2000s (decade) due to an increased demand for New Zealand milk, cheese and butter. New dairy factories have opened around the province of Southland, as well as more efficient meat processing works and research and development facilities.
Invercargill is on the Southern Scenic Route (tourist road), allowing day trips to Queenstown, Stewart Island/Rakiura, Dunedin, Te Anau and Fiordland.
As of 2008, there have been plans to develop wind power and hydroelectric schemes and plans to survey the Great South Basin for oil extraction.
Read more about this topic: Otepuni Gardens
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)
“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)
“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)