Economy Of The Falkland Islands
The economy of the Falkland Islands, which first involved sealing, whaling and provisioning ships, became heavily dependent on sheep farming from the 1870s to 1980. It then diversified and now has income from tourism, commercial fishing, and servicing the fishing industry as well as agriculture. The Falkland Islands have the highest standard of living in South America. The islands use the Falkland pound, which is backed by sterling.
Read more about Economy Of The Falkland Islands: Historical Development, Economic Overview, Banking, Agriculture, Fishing, Tourism, Energy and Minerals, Philately and Numismatics
Famous quotes containing the words economy of, economy and/or islands:
“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)
“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)
“What are the islands to me
if you are lost
what is Naxos, Tinos, Andros,
and Delos, the clasp
of the white necklace?”
—Hilda Doolittle (1886–1961)