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:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
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“Everyone is always in favour of general economy and particular expenditure.”
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