Nouméa - Economy

Economy

Nouméa is the most "westernised" city in the Pacific Islands region, and is a complete contrast to the rest of New Caledonia's wide open spaces, bare jagged hills, and largely Kanak population (although there also exist important concentrations of Europeans on the north-western coast of New Caledonia's mainland, particularly around Bourail, Pouembout, and Koumac).

Although Nouméa has more sunshine days than any other Pacific Island capital, and some excellent beaches not far from the city centre, it is not currently a major tourist destination. The cost of living is high, and there is no cheap air travel from the Pacific Rim.

Nouméa is, as of 2007, one of the most rapidly growing cities in the Pacific, and has experienced a major housing construction boom within the past decade. The installation of amenities has kept pace, and the municipality boasts a public works programme. Much of this construction is apparently fuelled by investment from France. It is the hope of the government that this investment, over the lifetime of the multi-decade track towards increasing autonomy planned under the Matignon Agreements and now the Nouméa Accord, will eventually become fully sustainable.

Aircalin, the international airline of New Caledonia, and Air Calédonie (Aircal), the domestic airline, have their headquarters in the city. Aircal's headquarters are on the grounds of Magenta Airport. IBM has an office in Nouméa.

Read more about this topic:  Nouméa

Famous quotes containing the word economy:

    It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.
    Henry David Thoreau (1817–1862)

    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)