118,459
edits
LOG IN. UPLOAD PICTURES.
The Philippines has Zambo Mart to help propagate the Chavacano Language.
Difference between revisions of "Monaco"
Jump to navigation
Jump to search
→ → Go back HOME to Zamboanga: the Portal to the Philippines.
→Economy of Monaco
| Line 71: | Line 71: | ||
*Symbolism. The Monegasque flag consists of two equal horizontal bands of red and white: red on top, white beneath. The state seal and emblem of the House of Grimaldi is made up of a shield with red and white diamonds flanked by two monks holding swords pointed upward, with a crown draped with red cloth in the background. The monks represent the legend of François Grimaldi, and who supposedly seized control of Monaco by disguising himself as a Franciscan monk, entering the fortress unnoticed during the night. | *Symbolism. The Monegasque flag consists of two equal horizontal bands of red and white: red on top, white beneath. The state seal and emblem of the House of Grimaldi is made up of a shield with red and white diamonds flanked by two monks holding swords pointed upward, with a crown draped with red cloth in the background. The monks represent the legend of François Grimaldi, and who supposedly seized control of Monaco by disguising himself as a Franciscan monk, entering the fortress unnoticed during the night. | ||
==Economy of Monaco== | ==Food and Economy of Monaco== | ||
'''Food in Daily Life.''' Access to fresh, local produce and the sea has led to the development of a local cuisine and appreciation for good food. Monaco has many restaurants, and seafood is featured in many dishes. Daily eating habits reflect a Mediterranean heritage, and both French and Italian influences can be found in the local recipes. Breakfast is very small, but lunch and dinner often have several courses. | |||
'''Food Customs at Ceremonial Occasions.''' Holidays such as Christmas, Holy Week before Easter, and Carnival before Lent are occasions for special food. Some traditional Monegasque dishes include brandamincium, salt cod pounded with garlic, oil, and cream surrounded by cardoons, edible Mediterranean plants, in white sauce; barba-Giuan, or "Uncle John," stuffed fritters; and fougasses, flat, crunchy biscuits sprinkled with sugared anise seeds and flavored with rum and orange-flower water. | |||
'''Basic Economy.''' Tourism and related businesses are the main components of the Monegasque economy today. The tourist industry began when the famous casino was opened in Monte Carlo. Banking and financial activities are the second most important part of the economy. The industrial sector is small but significant and includes pharmaceuticals, cosmetics, flour-milling, and food products. Investment in real estate and business services make up the fourth most important sector of the economy. Foreign companies receive special investment incentives that have led many to open offices in the principality. Monaco does not impose an income tax on its residents and consequently has attracted corporate and individual investment. A significant financial services industry has developed as a result. | |||
'''Land Tenure and Property.''' Due to Monaco's small size, the availability of land and private space has always been limited. Significant economic growth and an increase in population since 1950 have greatly augmented this problem, forcing developers to build multistoried structures very close together. An increase in tourism and the necessity for hotels have put an added strain on available space. Property is expensive both to buy and maintain, but Monaco's real estate business continues to thrive. To create additional space, the Monegasque government has had to find innovative ways to satisfy the demand for construction: the use of land reclaimed from the sea. The most recent of these is the neighborhood of Fontvieille. | |||
'''Commercial Activities.''' Business related to tourism accounts for the majority of commercial activities. Hotels, restaurants, shops, gambling, and services related to Monaco's port provide both employment and revenue for the principality. The real estate business has also become an important commercial concern since 1970. | |||
'''Major Industries.''' Industry did not begin to significantly develop until the 1950s, and consists entirely of light industry, with no obvious adverse effects on other parts of the economy or Monegasque society. The first industries, which developed at the beginning of the twentieth century, included a brewery, a chocolate factory, and a flour mill. The chemical, pharmaceutical, parapharmaceutical, and cosmetics industries all developed after World War II and today consist of twenty-three separate businesses—many of which are leaders in their sectors in Europe. Plastics, electronics, printing, textiles, and construction also are significant industries. | |||
'''Trade.''' Recent figures place the estimated value of Monegasque imports at U.S. $415,300 and exports at approximately the same figure. Monaco does not publish economic figures including gross domestic product, although recent estimates put it at about U.S. $800 million. Exports include a variety of Monegasque products, and imports include agricultural products and manufactured and consumer goods. Some of Monaco's most important exports include: cosmetics, pharmaceuticals, clothing, small electronics, and paper products. | |||
'''Division of Labor.''' Of the estimated thirty thousand jobs existing in Monaco, two-thirds of them are held by workers commuting from neighboring French or Italian towns along the coast. Seasonal tourist work also accounts for an increase in non-native | |||
'''Contrasting old and modern architecture.''' The rocky, steep terrain of Monaco has influenced urban architecture; many buildings are constructed into the hills. | |||
Monegasque workers to the principality, including workers who have immigrated to Europe from other parts of the world. Women make up slightly less than half the workforce, and recent statistics place unemployment at about 3.2 percent. | |||
==Government and Society of Monaco== | ==Government and Society of Monaco== | ||
==Culture Life of Monaco== | ==Culture Life of Monaco== | ||