Economy
Cavite is one of the most industrialized and one of the fastest growing provinces in the country due to its close proximity to Metro Manila. Many companies, such as Intel, have established manufacturing plants in numerous industrial parks in the province.
As of 2003, there are thirty-one (31) industrial estates in the province. A total of 973 investors have poured their investments in the 718 existing industrial establishments. Most of the investors have established partnership with their Filipino counterparts in varying levels of equity participation.
Since the 1990s when the provincial government launched the Second Revolution with industrialization as one of its priority thrusts, Cavite has become a preferred destination of both local and foreign investors. Rapid urbanization has transformed Cavite into an industrial and commercial area in CALABARZON.
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Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“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.”
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