Kabul Province - Economy

Economy

Further information: Economy of Afghanistan

Most of Kabul's economy depended on its tourists in the 1960s and 1970s. Kabul had textile, cotton production, and carpet production industries, but most of its economy came through tourism which it lost during its destruction. Kabul's products include: natural gas, cotton, wool, carpets, agriculture, and some small production companies. Kabul has trade partnerships with the UK, France, Germany, USA, India, South Korea, Turkmenistan, Kenya, Russia, Pakistan, China, Iran. Kabul's economy was influenced by the American power and has increased by almost 3500% after being down for 25 years. A new currency was introduced to Afghans which helped the economy. New business was in the new regime. Many American industries were interested in the new Kabul and many new companies have since then opened their branches in Kabul. The Kabul City Centre Mall was built and has nearly 100 shops. The economy is at a boom level and is increasing dramatically. Housing costs are rising as are employee wages. The cost of living has increased dramatically which is a problem for the non-educated Afghans, who cannot support themselves. The UN helps Afghans in need of help by providing aid, food and school materials for schools. Many international aid organizations are contributing to the Afghan economy.

Read more about this topic:  Kabul Province

Famous quotes containing the word economy:

    Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.
    Alexander Herzen (1812–1870)

    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)

    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)