Economy
Although the economy in the southern portion of the region, esp. Pangasinan, is anchored on agro-industrial and service industry, the economy in the northern portion of the region is anchored in the agricultural sector. The economy in Pangasinan is driven by agro-industrial businesses, such as milkfish (bangus) cultivation and processing, livestock raising, fish paste processing (bagoong), and others. At the same time the importance of trading, financial services, and educational services in the economy cannot be denied. Income in the Ilocos provinces or northern portion mostly come from cultivating rice, tobacco, corn, sugarcane, and fruits; raising livestock such as pigs, chicken, goats, and carabaos (water buffalos).
The distribution of the economic activity in the region may be seen from the collection of tax revenue of the national government. The bulk of the collections come from Pangasinan, which posted 61% of the total.
The service and light manufacturing industries are concentrated in the cities. Dagupan City is mostly driven by its local entrepreneurs, which have started to expand its network up to the national level. San Fernando City in La Union also has an international shipping port and the upgraded and soon to be developed San Fernando International Airport. While Laoag City in Ilocos Norte has an international airport.
The tourism industry, driven by local airlines and land transportation firms in the area like Farinas Transit Company and Partas, focuses on the coastal beaches and on eco-tourism. There are fine sands stretching along Bauang, La Union and the rest of the region. Opportunities to engage in other water sports and activities abound. Eco-tourism takes advantage of the marine and forest resources in the region and displays the natural beauty of the Region 1.
The region is also rich in crafts, with renowned blanket-weaving and pottery. The Ilocanos' burnay pottery is well known for its dark colored clay.
Read more about this topic: Ilocos Region
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)
“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)
“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)