Economy
Shopping is a major draw, especially during the Christmas season. The city's main streets and old markets are lined with shops selling Palestinian handicrafts, Middle Eastern spices, jewelry and oriental sweets such as baklawa. Olive wood carvings are the item most purchased by tourists visiting Bethlehem. Religious handicrafts include ornaments handmade from mother-of-pearl, as well as olive wood statues, boxes, and crosses. Other industries are stone and marble-cutting, textiles, furniture and furnishings. Bethlehem factories also produce paints, plastics, synthetic rubber, pharmaceuticals, construction materials and food products, mainly pasta and confectionery.
Cremisan Wine, founded in 1885, is a winery run by monks in the Monastery of Cremisan. The grapes are grown mainly in the al-Khader district. In 2007, the monastery's wine production was around 700,000 liters per year.
In 2008, Bethlehem hosted the largest ever economic conference in the Palestinian territories. It was initiated by Palestinian Prime Minister and former Finance Minister Salam Fayyad to convince over 1,000 businessmen, bankers and government officials from throughout the Middle East to invest in the West Bank and Gaza Strip. A total of 1.4 billion US dollars was secured for business investments in the Palestinian territories.
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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)
“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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)