Economy
The Cordillera Autonomous Region is one of the country's richest regions in terms of natural resources. It is a major resource base of the Philippines. It contains 11% of the total area is agricultural rice fields, orchards, pig farms and pasture lands. 60% of the country’s temperate vegetables are produced in the area. It is the country's premier mining district. there are eight big mining companies operating which are mostly foreign controlled. Some 80% of the total Philippine gold production comes from the Cordillera.
Another important aspect with respect to potential resources is that the Cordillera is home to the headwaters of the major rivers in Northern Luzon. If these rivers were to be damned it could provide at least five million kilowatts of the total electrical needs (some 56%) of the entire country, but would displace entire populations, drowning their houses and rice terraces, covering existing roads, and ending complete cultures.
together with other population in http://en.wikipedia.org/w/index.php?title=Cordillera_Central_(Luzon)&action=edit§ion=5
Read more about this topic: Cordillera Central (Luzon)
Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)
“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)