Economy
There are some natural resources in Ingushetia: mineral water in Achaluki, oil and natural gas in Malgobek, forests in Dzheirakh, metals in Galashki. The local government is considering the development of tourism however this is problematic due to the uneasy situation in the republic itself and the proximity of some conflict zones. However, Ingushetia continues to remain as one of Russia's poorest republics, largely due to the ongoing conflict, corruption and civil disorders. Unemployment is estimated to be around 53%, and growing poverty is a major issue.
Read more about this topic: Ingushetia
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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)