Economy
The port of Ghent, in the north of the city, is the third largest port of Belgium. It is accessed by the Ghent-Terneuzen Canal, which ends near the Dutch port of Terneuzen on the Western Scheldt. The port houses, among others, big companies like Arcelor-Mittal, Volvo Cars, Volvo Trucks, Volvo Parts, Honda, and Stora Enso.
The Ghent University and a number of research oriented companies are situated in the central and southern part of the city, such as Ablynx, Innogenetics, Cropdesign, Bayer Cropscience.
As the biggest city of East-Flanders, Ghent has many hospitals, schools and shopping streets. Flanders Expo, the biggest event hall in Flanders, second biggest in Belgium, is also located in Ghent. Tourism is increasingly becoming a major employer in the local area.
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Famous quotes containing the word economy:
“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)
“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)