Economy
The economy of the province of Reggio Emilia was for a long time based on agriculture. One typical product, world-wide known and imitated, is Parmigiano-Reggiano cheese. Another is Lambrusco wine. In the twentieth century Reggio Emilia and its territory saw also a rapid development of small industries, particularly in the sector of mechanics for agriculture. A few of those industries became large companies, with an international market: Lombardini Motori, Landini.
Reggio Emilia is also the place of some fashion groups of various range and importance, since the last half of the twentieth century; the Max Mara clothing line is headquartered in the city. Another well-established branch is ceramic tiles industry (mainly in the district of Scandiano and Casalgrande).
New developments in mechanics and information technology are at the origin of some new companies operating in mechatronics.
Since more than 100 years, a strong tradition supports building and banking cooperatives, as well as consumers'cooperatives. The industrial growth has attracted immigration from North and Central Africa, East Europe, and Far East (China, Pakistan, India). The immigration rate in the province is about 25%. Researches on the quality of life indicate that in recent years Reggio Emilia is in very good position among Italian provinces.
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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)