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:
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)