Economy
The area where Cochabamba is situated is commonly referred to as the granary of Bolivia. Its climate is milder than that of the Altiplano region to the west and thus permits an extensive agriculture, including grains, potatoes, and coffee in the highlands and sugarcane, cocoa beans, tobacco, and fruit in the Chapare tropical lowlands, an area that had been one of the country's main coca-leaf-producing regions.
Cochabamba is also the industrial pole of Bolivia, producing cars, cleaning products, cosmetics, chemicals, and other items like cement. The economy of Cochabamba is characterized by produce goods and services.
The airline Boliviana de Aviación has its headquarters in Cochabamba. The defunct airline Lloyd Aéreo Boliviano (LAB Airlines) had its management offices on the grounds of Jorge Wilstermann Airport in Cochabamba. In Cochabamba construction has being rapidly increasing in the last couple of year with more than 750 construction sites per year.
Cochabamba is one of the main hubs for cocaine dealers in South America. In June 2012 the Colombian newspaper El Tiempo had access to intelligent reports that showed that cocaine cartels were behind condominiuns and real estate as well as industries such as meat processing.
Read more about this topic: Cochabamba
Famous quotes containing the word economy:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)