Economy
The city of Santiago, as most of the Cibao region, is largely dependent on the fertile lands of the region.This makes Santiago de los Caballeros an important region for farming and livestock. The city has been recently changing into a predominantly service provider economy. This sector has grown a lot in the recent years making it ideal for greater expansion. It should be noted that Santiago is the 2nd largest city in the Dominican Republic after Santo Domingo and concurrently produces the 2nd highest percentage of the nations GDP. Telecommunications, such as; wireless phones, cable service, internet service and other services are important for the local economy. Tourism too, accounts for an important portion of the city's economy.
Read more about this topic: Santiago De Los Caballeros
Famous quotes containing the word economy:
“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)
“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)
“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)