Economy and Culture
The region's principal industries include manufacturing, services, retail, and financial services. The capital of Santiago serves as the country's administrative, industrial, commercial, financial and cultural center, producing 41.5% of Chile's gross domestic product, according to central bank estimates. The Plaza de Armas, the central square in downtown Santiago, hosts the city's cathedral and city hall. Eight city blocks around the presidential palace, La Moneda, are where most ministries, services and commercial banks can be found. Vitacura and El Golf host most of the city's high-rise buildings and are also home to the Latin American headquarters of several United Nations organizations. Though Santiago's expansion has caused newer vineyards to more rural locations, many of the country's oldest wineries, built in the 19th century, have preserved cellars in the valley.
Read more about this topic: Santiago Metropolitan Region
Famous quotes containing the words economy and/or culture:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“The white dominant culture seemed to think that once the Indians were off the reservations, they’d eventually become like everybody else. But they aren’t like everybody else. When the Indianness is drummed out of them, they are turned into hopeless drunks on skid row.”
—Elizabeth Morris (b. c. 1933)