Economy
The business district in the city's economy is centred around the Port of Turku and other service-oriented industries. The city is also a renowned high-tech centre – the Turku Science Park area in Kupittaa hosts over 300 companies from the fields of biotechnology and information technology, as well as several institutions of higher learning that work in closely with the business sector. This cooperative element is seen as a particularly important factor with regards to the city's expected future economic development, as outlined in the Turku Strategy that is published annually by the city council.
As of 2007, the city's unemployment rate is 9.4%. The problem of unemployment is however troublesome in the districts of Pansio, Lauste, and Varissuo, where it hovers at around 16%.
Read more about this topic: Turku
Famous quotes containing the word economy:
“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)
“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)
“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)