Minerals in The National Economy
Higher mineral commodity prices contributed to the upturn in the country’s economic growth. The mining and mineral processing industries represented almost 1% of the GDP in 2006. The minerals sector employed about 5% (83,000) of the industrial sector total of 1.7 million miners; this did not include nearly 5,000 active informal miners.
Read more about this topic: Mineral Industry Of Peru
Famous quotes containing the words national and/or economy:
“It is accordance with our determination to refrain from aggression and build up a sentiment and practice among nations more favorable to peace ... that we have incurred the consent of fourteen important nations to the negotiation of a treaty condemning recourse to war, renouncing it as an instrument of national policy.”
—Calvin Coolidge (18721933)
“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 (18031882)