Peru

ETIQUETTE: Given Peru’s rich historical and ethnic heritage, its culture is diverse and varies from region to region. Peruvians are generally polite and friendly, and strong friendships often go a long way in opening doors and securing opportunities in the business world. Standard business attire is the...

Since the market entry of new operators in 2014, competition, investment and consumption have risen, boosting the dynamism of the telecommunications sector. These positive trends continued into 2017 as the regulatory framework was strengthened, with a particular focus on driving competition, reducing costs and protecting the interests of...

Blockchain – the distributed ledger technology that underlies cryptocurrencies such as Bitcoin – appears set to transform a wide variety of industries and perhaps fundamentally change the way of business is conducted across the global economy.

A study conducted in 2017 by the Ministry of Production (Ministerio de la Producción, PRODUCE) and Massachusetts Institute of Technology found that Peru allocated 0.2% of GDP to innovation, which equates to one-tenth of the amount Chile invested. Comparatively, Colombia invested around 0.8% of GDP to innovation, Argentina 0.6% and Mexico 0.5...

In 2017 Peru’s ICT sector represented 2.6% of GDP, according to industry consulting firm Ovum. Political instability and an unfavourable regulatory environment are the main factors affecting the country’s competitiveness in terms of ICT adoption, according to the World Economic Forum (WEF). Furthermore, there is plenty of room for improvement...

After two decades of stable economic development, Peru increasingly finds itself in a position to focus more resources on education. This is a welcome opportunity, as the country has some way to go to catch up to its regional peers in terms of educational access and outcomes. There are encouraging signs that the necessary changes are under way...