Economy
- Primary sector:
Producer of dairy and beef cattle, followed by agriculture: beans, corn, manioc, cotton, and irrigated rice.
- Secondary sector:
The industrial sector began to increase with the arrival of electric power in 1965 and the participation of the government agency SUDENE in the industrial development of the region. Today industry is the main activity in the city. The factories installed are, among others, the largest factory of condensed milk in the world (Nestlé), one of the three factories of insulin in Latin America (BIOBRAS now Novo Nordisk Produção Farmacêutica do Brasil), a modern textile factory (COTENOR), and the seventh largest cement factory in Brazil (LAFARGE BRASIL)
Montes Claros is also recognized nationally as the capital of Carne de Sol, a local jerky-like dry beef and Arroz com Pequi, a very popular meal that is made of rice and Pequi. According to CAGED (Cadastro Geral de Empregados e Desempregados), Montes Claros is ranked #3 in the list of the cities of the state of Minas Gerais in number of employed people, only behind Belo Horizonte and Uberlândia.
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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)
“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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)