Economy
While a number of attempts at setting up small industrial units on the island have been made, the economy of the island is largely dependent on tourism. Subventions from Achill people working abroad, in particular in the United Kingdom the United States and Africa allowed many families to remain living in Achill throughout the 19th and 20th centuries. Since the advent of Ireland's "Celtic Tiger" economy fewer Achill people were forced to look for work abroad. Agriculture plays a small role and the fact that the island is mostly bog means that its potential for agriculture is limited largely to sheep farming. In the past, fishing was a significant activity but this aspect of the economy is small now. At one stage, the island was known for its shark fishing, basking shark in particular was fished for its valuable liver oil. There was a big spurt of growth in tourism in the 1960s and 1970s before which life was tough and difficult on the island. Despite healthy visitor numbers each year, the common perception is that tourism in Achill has been slowly declining since its heyday. Currently the largest employers on Achill are two hotels and a call centre. In late 2009 Ireland's only Turbot farm opened in the Bunnacurry Business Park.
Read more about this topic: Achill Island
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)
“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)
“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)