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:
“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)
“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)
“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)