Economy
Today the main economic activities are fishing, natural gas and oil extraction, sheep farming and ecotourism. Tourism is gaining importance and becoming an ever more important part of the region’s economy attracting increasing numbers of upmarket visitors. Much of the tourism is based on claims of "southernmost" things, for example both Ushuaia and Puerto Williams claim to be the southernmost city in the world. On the Argentine side of Tierra del Fuego the government has promoted the establishment of several electronic companies.
Energy production is a crucial economic activity. On the Argentine side of Tierra del Fuego during the 2005 to 2010 period, petroleum and natural gas extraction contributed to 20% of the region’s economic output.
Read more about this topic: Tierra Del Fuego
Famous quotes containing the word economy:
“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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)