Western Asia - Economy

Economy

See also: Economy of Western Asia

The economy of Western Asia is diverse and the region experiences high economic growth. Turkey has the largest economy in the region, followed by Saudi Arabia and Iran. Petroleum is the major industry in the regional economy, as more than half of the world's oil reserves and around 40 percent of the world's natural gas reserves are located in the region.

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Famous quotes containing the word economy:

    Everyone is always in favour of general economy and particular expenditure.
    Anthony, Sir Eden (1897–1977)

    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)

    Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.
    Jane Jacobs (b. 1916)