Economy
Historically the island's economy has been based around subsistence agriculture and fishing, with coconuts as the main cash crop. From the 1980s onwards, tourism has become an economic factor and is now the dominant industry. The construction of a stable, high-speed internet connection in recent years has also made the island a feasible location for IT-based enterprises, which are beginning to provide a certain degree of economic diversity. Ko Samui transport links have made it a destination for tourists seeking to explore the other islands in the area.
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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)
“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)