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:
“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 counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)
“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)