Economy
Production and the intense trade in precious stones is the reason the "Brazil Gem Show" takes place in the local authority every year: an event that consists of the commerce of precious stones with Brazilians and foreign visitors
Governador Valadares is the biggest city and commercial center of the Eastern region of the state of Minas Gerais, having several cities in his area of influence, such as Teófilo Otoni and Caratinga. At present, Governador Valadares is growing in industrial development, due to its strategic position, human resources and international reputation.
It is a trade and industrial center. Sawmills and food-processing plants are in the city, and mica and beryl are mined in the area. Governador Valadares is one of the most famous gem-trading centres in Brazil. Gem minerals include amethyst, chrysoberyl, brazilianite, topaz and quartz. The Golconda mine, one of the oldest in the city, attracts the curiosity of tourists and stone collectors from all over the world.
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Famous quotes containing the word economy:
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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 basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)