Economy
The business district in the city's economy is centred around the Port of Turku and other service-oriented industries. The city is also a renowned high-tech centre – the Turku Science Park area in Kupittaa hosts over 300 companies from the fields of biotechnology and information technology, as well as several institutions of higher learning that work in closely with the business sector. This cooperative element is seen as a particularly important factor with regards to the city's expected future economic development, as outlined in the Turku Strategy that is published annually by the city council.
As of 2007, the city's unemployment rate is 9.4%. The problem of unemployment is however troublesome in the districts of Pansio, Lauste, and Varissuo, where it hovers at around 16%.
Read more about this topic: Turku
Famous quotes containing the word economy:
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)
“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)