Economy
By 2006 the economy of Punta Arenas and the region had diversified considerably, and the city is vibrant and modern. Chile's principal oil reserves, though small, are located here, along with some low-grade coal. A modern methanol plant is located a short distance from the city. Agricultural production, including sheep and cattle, continues to play a significant role, while tourism has contributed to its popularity and steady growth. Fisheries and silviculture are also significant here. A regular ferry service connects Punta Arenas with the main island of Tierra del Fuego and a less frequent ferry runs to the Chilean town of Puerto Williams. A modern airport serves international connections and is often a stopping point for aircraft going to or coming from Antarctica. Paved highways connect Punta Arenas with Argentina.
Since the Falklands War, when transport ties were severed between the Falkland Islands and continental Argentina, Punta Arenas has become a major outside link to the archipelago.
Some cruise ships to Antarctica depart from Punta Arenas's port, which also serves as a hub for many cruise lines that travel along the channels and fjords of the region. The city is served by Presidente Carlos Ibáñez del Campo International Airport, which has flights operated by LAN Airlines, Aerovías DAP and Sky Airline; most flights are to other destinations within Chile, although Ushuaia (Argentina) and Mount Pleasant (Falkland Islands) are also served.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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)