Natural Resources
When people hear the name "St. John's" the first thing they think of is fish. St. John's economy is not entirely dependent on fish, there are other resources such as iron, nickel, copper, zinc, silver and etc. (Baker, 2015) However, St. John's economy does not revolve around these natural resources but it does depend on energy production, ocean technology, tourism and arts and culture.
Arts and Culture
St. John's is well known for its many cultural events that go on throughout the year. This city also has many theaters, art galleries, live performances and etc (Ocean Technology, n.d.). For more information on the cultural events go to the "Cultural Activities tab." Arts and Culture is considered a service, thus a tertiary industry.
Ocean Technology
Currently, the most advanced ocean technology research laboratories are located within St. John's along with the ocean technology industry that is currently worth $250 million. St. John's is Canada's leading ocean technology development. Some examples of what is done are the development of offshore energy, military defense & security, remote underwater vehicles and etc (Ocean Technology, n.d.). The develop of ocean technology is considered a Quaternary industry.
Offshore Energy
St. John's currently has three offshore oil projects that accounts for about 50% of Canada's crude oil production. Also, many international oil companies is located in St. John's (Baker, 2015). This economical activity is a primary industry.
When people hear the name "St. John's" the first thing they think of is fish. St. John's economy is not entirely dependent on fish, there are other resources such as iron, nickel, copper, zinc, silver and etc. (Baker, 2015) However, St. John's economy does not revolve around these natural resources but it does depend on energy production, ocean technology, tourism and arts and culture.
Arts and Culture
St. John's is well known for its many cultural events that go on throughout the year. This city also has many theaters, art galleries, live performances and etc (Ocean Technology, n.d.). For more information on the cultural events go to the "Cultural Activities tab." Arts and Culture is considered a service, thus a tertiary industry.
Ocean Technology
Currently, the most advanced ocean technology research laboratories are located within St. John's along with the ocean technology industry that is currently worth $250 million. St. John's is Canada's leading ocean technology development. Some examples of what is done are the development of offshore energy, military defense & security, remote underwater vehicles and etc (Ocean Technology, n.d.). The develop of ocean technology is considered a Quaternary industry.
Offshore Energy
St. John's currently has three offshore oil projects that accounts for about 50% of Canada's crude oil production. Also, many international oil companies is located in St. John's (Baker, 2015). This economical activity is a primary industry.
Tourism
Rich in history, St. John's is one of Canada's oldest cities, along with breathtaking landscape and the best hospitality ever (Baker 2015). This makes St. John's a must go for tourism. For more information/pictures of landscape go to the "Natural Landscape" section. This economic activity is a tertiary industry.
What Type of Economy is St. John's
Despite the fact that the largest industries in Newfoundland are tertiary, the jobs are still more manufacturing based. St. John’s ocean technology sector of industry provides jobs for people working for offshore energy, ocean observation/science, sub-sea technology, defense and etc. This by far provides citizens a large quantity of job availability as well as well paid jobs
Economic Sustainability
The economic activities of St. John’s are not sustainable in the long term because they all depend on gathering a non - renewable resource or take resources to develop into other products. As the earth’s resources deplete, these economic activities will become harder and more expensive to sustain.
In order to ensure St. John’s sustainable economy in the long run, society needs to develop a renewable method/supplement to the needed resources or be less resource consumptive. However, our society today does not work like that, we cannot simply make an alternative and we cannot change mindsets to conserve resources. This question of sustainability does not only apply to St. John's but all the cities in the world. Can their economic activity last for the future generations? The answer is probably no. To conclude, St. John's economic activities is not sustainable in the long run due to the rapid depletion of our resources.
Rich in history, St. John's is one of Canada's oldest cities, along with breathtaking landscape and the best hospitality ever (Baker 2015). This makes St. John's a must go for tourism. For more information/pictures of landscape go to the "Natural Landscape" section. This economic activity is a tertiary industry.
What Type of Economy is St. John's
Despite the fact that the largest industries in Newfoundland are tertiary, the jobs are still more manufacturing based. St. John’s ocean technology sector of industry provides jobs for people working for offshore energy, ocean observation/science, sub-sea technology, defense and etc. This by far provides citizens a large quantity of job availability as well as well paid jobs
Economic Sustainability
The economic activities of St. John’s are not sustainable in the long term because they all depend on gathering a non - renewable resource or take resources to develop into other products. As the earth’s resources deplete, these economic activities will become harder and more expensive to sustain.
In order to ensure St. John’s sustainable economy in the long run, society needs to develop a renewable method/supplement to the needed resources or be less resource consumptive. However, our society today does not work like that, we cannot simply make an alternative and we cannot change mindsets to conserve resources. This question of sustainability does not only apply to St. John's but all the cities in the world. Can their economic activity last for the future generations? The answer is probably no. To conclude, St. John's economic activities is not sustainable in the long run due to the rapid depletion of our resources.