An ancient industry in Peru, textiles not only represent a cultural heritage but also an important part of the manufacturing sector that aims to compete on a global level. By the end of 2011 textile and garment exports grew by 26%, meaning the industry had almost fully recovered from the effects of the global economic crisis. Revenues were close to...
Like many Latin American countries, Peru’s economy relied heavily on exporting primary products throughout most of the 20th century, an economic strategy that historically has provided little security when global financial crises hit or foreign markets no longer require those raw materials. Over the past decade, however, the country has consciously...
With a radius of 24 square blocks located in the heart of downtown Lima, Gamarra is the capital city’s most important textiles emporium, both for production and retail. According to the Inter-American Development Bank, 150 galleries house more than 14,000 companies that either produce or sell textiles and apparel in Gamarra, providing work for 90,...
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