Economy
Mandalay is the major trading and communications center for northern and central Burma. Much of Burmese external trade to China and India goes through Mandalay.
Among the leading traditional industries are silk weaving, tapestry, jade cutting and polishing, stone and wood carving, making marble and bronze Buddha images, temple ornaments and paraphernalia, the working of gold leaves and of silver, the manufacture of matches, brewing and distilling.
Ethnic Chinese have increasingly dominated Mandalay's economy since the imposition of sanctions by the United States and the European Union in the 1990s.
Read more about this topic: Mandalay
Famous quotes containing the word economy:
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)