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:
“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)
“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)
“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)