Economy
In addition to longtime functions as seaport and capital city, Tallinn has seen development of an information technology sector; in its 13 December 2005, edition, The New York Times characterized Estonia as "a sort of Silicon Valley on the Baltic Sea". One of Tallinn's sister cities is the Silicon Valley town of Los Gatos, California. Skype is one of the best-known of several Estonian start-ups originating from Tallinn. Many start-ups started from the Soviet-era Institute of Cybernetics. The economic sectors of Tallinn also include the light, textile, and food industry, as well as the service and government sector. There is a small fleet of ocean going-trawlers that operate out of Tallinn. Port of Tallinn is one of the biggest ports in the Baltic sea region.
Currently, over half of the Estonian GDP is created in Tallinn. In 2008, the GDP per capita of Tallinn stood at 172% of the Estonian average. This makes the GDP of Tallinn be at 115% of the European Union average, while the overall GDP level of Estonia is at 67% of the EU average.
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Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)