The economy of Berlin has been affected through the years by the city's changing political fortunes. Berlin was once a major manufacturing center and the economic and financial hub of Germany. The city suffered economically during the Cold War, when West Berlin was isolated geographically and East Berlin suffered from poor economic decisions made by East Germany’s socialist central planners. Since reunification, the city has relied increasingly on economic activity in the service sectors, but nevertheless still has one of the lowest per capita income of all metropolitan regions in Germany and a record accumulated state debt.
Read more about Economy Of Berlin: Early History, Industrial Revolution, After The World Wars, Reunification, Current Situation and Outlook, Companies, Tourism, Creative Industries
Famous quotes containing the words economy of, economy and/or berlin:
“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)
“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)
“They say that falling in love is wonderful, it’s wonderful, so they say.”
—Irving Berlin (1888–1989)