Economy
The Government sector has long been a mainstay of Wellington's economy, being the capital of New Zealand, and as such the city's economy has typically risen and fallen with it. Traditionally, its central location meant it was also the location of many head offices of various sectors — particularly finance, technology and heavy industry — many of which have since relocated to Auckland following economic deregulation and privatisation. In recent years, tourism, arts & culture, film, and ICT have played a bigger role in Wellington's economy.
Major companies headquartered in Wellington include Centreport, Chorus, The Cooperative Bank, Datacom Group, Infratil, KiwiRail, Meridian Energy, NZ Post, NZX, Todd Corporation, Trademe, Weta Digital, Wellington International Airport and Xero.
Read more about this topic: Wellington
Famous quotes containing the word economy:
“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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)