Economy
Businesses located here include service companies, banks, and malls, among others. Most economic activity is in services, except some industries established in its metropolitan area. The Caracas Stock Exchange and Petróleos de Venezuela (PDVSA) are headquartered here. The PDVSA is the largest company in Venezuela, and negotiates all the international agreements for the distribution and export of petroleum. When the company existed, the airline Viasa had its headquarters in the Torre Viasa.
Caracas' central business district is Milla de Oro, located in the north of the Baruta municipality and the south of the Chacao municipality, it is one of largest financial districts of Latin America, it is home to many companies and is dominated by numerous high-rises. Other important business districts include Plaza Venezuela, Parque Central Complex and El Recreo.
Small and medium-size industry contributes to the Caracas economy. The city provides communication and transportation infrastructure between the metropolitan area and the rest of the country. Important industries in Caracas include chemicals, textiles, leather, food, iron and wood products. There are also rubber and cement factories.
Read more about this topic: Caracas
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)
“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)