Economy
The Province is the regional trucking centre, having one of the Highlands region's major trucking company's operating in Goroka. The East-West Trucking company freights cargo and provides service to the entire Highlands region. Apart from that, there are other private trucking firms that freight cargo.
The Province's economy lies in the production and export of coffee, which provides the economic back bone and livelihood for all Eastern Highlanders. Leading exporters of coffee based in the Province are PNG Coffee Exports and New Guinea Highlands Coffee Exports as well as PNG's ground coffee manufacturers Goroka Coffee Roasters, Kongo Coffee and Arabicas Ltd. The Coffee Industry Corporation headquarters is also located in Goroka.
The country's largest Hydro Power station is situated in Yonki, Kainantu, and other's like the Kainantu pottery and wool rugs and a new gold mine in Bilimoia which has commenced construction.
Aiyura valley is home to various research stations who research different methods of planting and livestock breeding in the Highlands region. Research stations such as the National Agriculture Research Institute, Coffee Research Institute and the Highlands Fisheries. Aiyura National High School is a part of the valley, including the Summer Institute of Linguistics who specialise in translating bibles into the different languages in the country and provide literacy and linguistic training to interested people.
The economic state of the Eastern Highlands Province has declined with the economic situation of the country. In addition, the deteriorated infrastructure of the province hinders economic growth.
The province derives most of its revenue from the production of coffee. Eastern Highlands is the leading producer of coffee in the Highlands region. It produces large quantities of coffee annually for export. Almost all rural households within the Province own a small plot of coffee as a small family project.
A lot of families have now taken to supplementing their family's income by engaging in small agricultural and livestock businesses. The introduction of vanilla, wheat and rice has had a huge impact on agricultural enthusiasts throughout the Province. Rice and wheat is being grown for own consumption and/or selling while the vanilla is sold to the international market. Pigs, rabbits and especially chickens are readily farmed while fresh vegetables are still grown for the local and national markets.
Read more about this topic: Eastern Highlands Province
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.”
—Henry David Thoreau (1817–1862)
“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)
“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)