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:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)