Peru has maintained the legal framework adopted by the constitution of 1993, favouring a free market economy designed to promote and attract private investments. Indeed, it is through this framework that Peru has seen almost three decades of uninterrupted economic growth, despite the effects of the global financial crisis of 2008.
Peru is governed by a stable legal framework established by the constitution, which was ratified in 1993 and serves as the backbone of the economic model that has sustained the country’s structural reforms over the years. Peru’s principle laws have remained largely the same since the 1990s, although there have been some new regulations...
Since new operators entered the market in 2014, investment and consumption have risen, boosting the dynamism of the telecommunications sector. A highly competitive market has ensured mobile usage has expanded rapidly, and companies continue to invest in the networks despite finding their margins squeezed. The sector has consistently grown at a...
Famous for the Machu Picchu archaeological site and its rich gastronomic history, Peru is one of the fast-growing tourist destinations on the planet. Having won the “World’s Leading Culinary Destination” title for the seventh consecutive year at the World Travel Awards in December 2018, the country was also named the “World’s Leading Cultural...
In an era marked by profound technological disruption and intense global competition in new frontier industries, emerging markets are striving to improve and adapt their education systems to reconcile the demands of the modern economy and the needs of citizens. As such, innovative solutions are being developed to address barriers within...
Aided by easier and cheaper travel, global tourism has experienced two decades of almost uninterrupted growth. According to the World Bank, the number of international departures more than doubled between 1997 and 2017, from 687m to 1.6bn per annum. With the global middle class estimated by the US-based think tank Brookings Institution to be...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×