Once considered to be the “fibre of the gods” by the Inca civilisation, alpaca continues to play an important role in the Peruvian economy and culture. The origin of the animal after which the fibre is named has been a matter of disagreement for scientists and historians for hundreds of years. However, the most widely accepted theory is that...
Economists have various ways of defining and measuring informality. According to the government think tank National Centre of Strategic Planning (Centro Nacional de Planeamiento Estratégico, CEPLAN), the informal economy includes any economic activity conducted outside of the reach of state regulation. The informal sector is also described as all economically productive units...
The Peruvian economy is at a crossroads. Over the last two decades it has been one of the fastest-growing economies in the region, enjoying macroeconomic stability, a strong mining sector, an open economy, and growing agro-industry and services sectors. Unlike some of its neighbours, Peru has been remarkably resilient to global headwinds....
Steady economic growth in Peru may have masked a potential problem: investment has been falling over the last three years. The country’s GDP grew by 2.4% in 2014, 3.3% in 2015 and 3.9% in 2016, an impressive performance in the context of low commodity prices and contraction of some of the larger economies in Latin America. But across those...
Arequipa is a key mining region in southern Peru, topping national production in copper and molybdenum in 2016, largely as a result of the recent expansion of operations at the Cerro Verde mine. According to the Ministry of Energy and Mines ( Ministerio de Energía y Minas, MINEM), as of January 2017, Arequipa had a mining investment portfolio...
Peru holds over 80% of the global alpaca population with Arequipa sitting at the centre of the alpaca growing and manufacturing industry. Arequipa benefits from a variety of advantages in this segment, ranging from a high concentration of alpacas, to the presence of a key set of regional alpaca manufacturing companies. While the largest share...
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