Economy
Shopping is a major draw, especially during the Christmas season. The city's main streets and old markets are lined with shops selling Palestinian handicrafts, Middle Eastern spices, jewelry and oriental sweets such as baklawa. Olive wood carvings are the item most purchased by tourists visiting Bethlehem. Religious handicrafts include ornaments handmade from mother-of-pearl, as well as olive wood statues, boxes, and crosses. Other industries are stone and marble-cutting, textiles, furniture and furnishings. Bethlehem factories also produce paints, plastics, synthetic rubber, pharmaceuticals, construction materials and food products, mainly pasta and confectionery.
Cremisan Wine, founded in 1885, is a winery run by monks in the Monastery of Cremisan. The grapes are grown mainly in the al-Khader district. In 2007, the monastery's wine production was around 700,000 liters per year.
In 2008, Bethlehem hosted the largest ever economic conference in the Palestinian territories. It was initiated by Palestinian Prime Minister and former Finance Minister Salam Fayyad to convince over 1,000 businessmen, bankers and government officials from throughout the Middle East to invest in the West Bank and Gaza Strip. A total of 1.4 billion US dollars was secured for business investments in the Palestinian territories.
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Famous quotes containing the word economy:
“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)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“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)