Economy
All of the Arab states of the Persian Gulf have significant revenues from oil and gas and, with the exception of Saudi Arabia, have small local populations. This has raised their per capita incomes above those of neighboring countries. To meet the labor shortages, they host large numbers of temporary non-citizen economic migrants from South Asia and Southeast Asia. In the past there have also been a significant number of immigrants from Jordan, Syria, Lebanon, Yemen, and Egypt.
In addition, pearl diving and the pearl industry had been the main economic activity of many of these countries, particularly Bahrain, United Arab Emirates, Qatar, and Kuwait. The pearling industry collapsed in the 1930s after the development of cultured pearl methods by Japanese scientists.
Read more about this topic: Arab States Of The Persian Gulf
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)