Economy
Valencia enjoyed strong economic growth over the last decade, much of it spurred by tourism and the construction industry, with concurrent development and expansion of telecommunications and transport. Air Nostrum, a regional airline, is headquartered in Valencia. The city's economy is service-oriented, as nearly 84% of the working population is employed in service sector occupations. However, the city still maintains an important industrial base, with 5.5% of the population employed in this sector. Agricultural activities are still carried on in the municipality, even though of relatively minor importance with only 1.9% of the working population and 3973 hectares planted mostly in orchards and citrus groves.
In 2009, Valencia was the 29th fastest improving European city. Its influence in commerce, education, entertainment, media, fashion, science and the arts contributes to its status as one of the world's "Gamma"-rank global cities.
The large factory of Ford Motor Company lies in suburb of city, in Almussafes.
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Famous quotes containing the word economy:
“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)
“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)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)