Economy
Tagum City, from being a predominantly agricultural area, has become Mindanao's fastest-rising urban city due to its strategic location, being in the crossroads between the rural areas of Davao del Norte and Compostela Valley and the urban Metro Davao. Blessed with a developed infrastructure, the city manages to export goods like wood chips, veneer plywood, and wood lumber. Fresh bananas, however, remain as the chief export product.
Thanks to the influx of people from the countryside of Davao del Norte and Compostela Valley the rise of human resources has helped a lot in the revenue generation of the City.
Tourism has also become of the city's main economic powerhouse lately. With fifteen festivals in the city's calendar, small and medium entrepreneurs, or SMEs, and the transportation sector have benefited with the rapid influx of domestic and international visitors visiting the various festivals in the City.
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Famous quotes containing the word economy:
“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)
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)