Economy
In the 19th century, the city of Trujillo greatly expanded due to extensive irrigated agriculture, with high production and profits from the sugarcane industry. Today, asparagus and shoes are some of the main products of its metropolitan area. The irrigated lands of the Moche River Valley produce sugarcane, rice, and asparagus. Industries in the city include the sugar refineries, knitting mills, breweries and the shoe industry. Among the internationally known products of Trujillo, asparagus is exported to neighboring countries, Europe and the United States. The areas around Trujillo are among the largest exporters of white asparagus in the world. Peru is the world’s leading exporter of asparagus, followed by China and Mexico.
Trujillo is the most important economic center of northern Peru; it is an inland commercial and transport center for the surrounding farming areas. Its numerous shopping malls, supermarkets, department stores, and similar amenities make Trujillo a modern city.
In recent years another important economic sector in the city is the construction industry. According to statistical information provided by the "Institute of Construction and Development of the Peruvian Chamber of Construction" between 2006 and May 2012 construction activity in Trujillo grew by 500%. The study reveals that in 2006 were built 92770 m2 and the first months of 2012 the figure rose to 437440 m2, mainly due to the increased amount of square meters per house, likewise states that the total built in so far this year, 84% is housing construction.
Read more about this topic: Trujillo, Peru
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)
“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)