Economy
Being Sicily's administrative capital, Palermo is home to much of the region's main economic, financial, touristic and commercial life. The city currently hosts an international airport, and Palermo's economic growth over the years has brought to the opening of many new businesses and entrepreneurial opportunities. The economy mainly relies on tourism and services, but also commerce, shipbuilding, trade and agriculture. The city, however, still has high unemployment levels, high corruption and a significant black market empire (Palermo being the home of the Sicilian Mafia). Even though the city still suffers from widespread corruption, inefficient bureaucracy and organized crime (Mafia), Palermo's crime level has gone down dramatically, unemployment has been decreasing and many new, profitable, strategies (especially regarding tourism) have been introduced, making the city safer and better to live in.
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Famous quotes containing the word economy:
“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)
“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)