Economy
See also: List of companies based in Newcastle upon TyneNewcastle played a major role during the 19th-century Industrial Revolution, and was a leading centre for coal mining and manufacturing. Heavy industries in Newcastle declined in the second half of the 20th century; office, service and retail employment are now the city's staples. The city is also today recognised for its commitment to environmental issues, with a programme planned for Newcastle to become "the first Carbon Neutral town".
Newcastle is the commercial, educational and, in partnership with nearby Gateshead, the cultural focus for North East England. As part of Tyneside, Newcastle's economy contributes around £13 billion to the UK GVA. The Central Business District is in the centre of the city, bounded by Haymarket, Central Station and the Quayside areas.
Read more about this topic: Newcastle Upon Tyne
Famous quotes containing the word economy:
“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)
“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)
“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)