Kabul Province - Economy

Economy

Further information: Economy of Afghanistan

Most of Kabul's economy depended on its tourists in the 1960s and 1970s. Kabul had textile, cotton production, and carpet production industries, but most of its economy came through tourism which it lost during its destruction. Kabul's products include: natural gas, cotton, wool, carpets, agriculture, and some small production companies. Kabul has trade partnerships with the UK, France, Germany, USA, India, South Korea, Turkmenistan, Kenya, Russia, Pakistan, China, Iran. Kabul's economy was influenced by the American power and has increased by almost 3500% after being down for 25 years. A new currency was introduced to Afghans which helped the economy. New business was in the new regime. Many American industries were interested in the new Kabul and many new companies have since then opened their branches in Kabul. The Kabul City Centre Mall was built and has nearly 100 shops. The economy is at a boom level and is increasing dramatically. Housing costs are rising as are employee wages. The cost of living has increased dramatically which is a problem for the non-educated Afghans, who cannot support themselves. The UN helps Afghans in need of help by providing aid, food and school materials for schools. Many international aid organizations are contributing to the Afghan economy.

Read more about this topic:  Kabul Province

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)

    “Everyone is always in favour of general economy and particular expenditure.”
    —Anthony, Sir Eden (1897–1977)

    “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)