Economy
There are some natural resources in Ingushetia: mineral water in Achaluki, oil and natural gas in Malgobek, forests in Dzheirakh, metals in Galashki. The local government is considering the development of tourism however this is problematic due to the uneasy situation in the republic itself and the proximity of some conflict zones. However, Ingushetia continues to remain as one of Russia's poorest republics, largely due to the ongoing conflict, corruption and civil disorders. Unemployment is estimated to be around 53%, and growing poverty is a major issue.
Read more about this topic: Republic Of Ingushetia
Famous quotes containing the word economy:
“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)
“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)