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:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“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)