Peru’s overall ranking of 65 out of 144 countries surveyed in the World Economic Forum’s (WEF’s) “Global Competitiveness Report 2014-15” belies some serious weaknesses, in institutional capacity and education in particular, that have prevented the country from climbing further up the table. Despite gaining recognition from the WEF for its “very strong macroeconomic...
Peru
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Articles & Analysis | Improving governance and education are crucial to strengthening overall competitiveness from The Report: Peru 2015
Interviews & Viewpoints | Alonso Segura, Minister of Economy and Finance: Interview from The Report: Peru 2015
Interviews & Viewpoints | Fernando D’Alessio Ipinza, Director-General, CENTRUM Católica, on decentralisation and competitiveness from The Report: Peru 2015
It is undeniable that decentralisation is crucial for the country to achieve long-term sustainable economic growth. Peru’s Regional Competitiveness Index 2014 (Índice de Competitividad Regional 2014, ICRP) shows that the process has been slow and uneven since the country’s division into 26 regions in 2002. Unequal distribution of resources, increasing bureaucracy and a...
Articles & Analysis | New short- and medium-term measures to support economic growth from The Report: Peru 2015
In the first half of 2014, the government approved a range of measures designed to support economic activity. These fell broadly into two categories: short-term measures, intended to have a counter-cyclical effect to address the slowdown in 2014, and medium-term measures, expected to improve competitiveness and productivity, and thus raise the potential for growth....
Following the end of the commodities supercycle that sustained Peru’s economic growth at an average rate of 6.4% per annum since the mid-2000s, the country saw growth fall sharply over the course of 2014. However, this slowdown is widely seen as a temporary lull, attributable in part to delays in some major mining developments, and the government has sought to counteract the current situation...
Articles & Analysis | Signs of progress in achieving both strong economic development and poverty reduction from The Report: Peru 2015
Over the past four decades Peru’s political and social forces have been seeking a magic formula: an optimum combination of good governance, strong economic growth and poverty alleviation. As is the case in many Latin American countries, different policies have been pursued; there have been both hits and misses, and some U-turns along the way. But despite these swings of...