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:
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)
“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)
“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)