Regional Economy
Regional economy of the Cordilleras is diverse; mining, agriculture, export processing zone, tourism are among economic activities in the different provinces of the region.
The region is abundant with mineral reserves. These include metallic ores such as gold, copper, silver, zinc, and non-metallic minerals like sand, gravel and sulfur. Mineral reserves are found in all the provinces. However, mining is concentrated in Benguet.
Its timber resources has dwindled since the introduction of slash-and-burn method of farming in all parts of the Cordillera mountain range.
Vegetable crop production is well developed in Benguet, rice production in Ifugao and Abra, corn production in Mountain Province, and Kalinga.
Baguio City and La Trinidad are considered as the industrial centers in the region. Baguio City hosts Baguio Export Processing Zone where operations of big companies like Texas Instruments, and MOOG are located. The city also hosts offshore and outsourcing companies operating call centers.
The primary growth centers of the region are Metro Baguio and the Eastern Cordillera Growth Corridor.
Read more about this topic: Cordillera Administrative Region
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)