Economy
As of 2005, Baja California’s economy represents 3.3% of Mexico’s gross domestic product or 21,996 million USD. Baja California's economy has a strong focus on tariff-free export oriented manufacturing (maquiladora). As of 2005, 284,255 people are employed in the manufacturing sector. There are a more than 900 companies operating under the federal Prosec program in Baja California.
Read more about this topic: Baja California
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“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)