A strong middle class, the backbone of thriving economies, could be the key to development for many Latin American countries. Not exempt from this model, Peru has already taken strides to support the growth of small businesses in the hopes of stimulating more internal commerce and self-sustainability.
In a little more than two decades Peru’s modern economic narrative has been drastically transformed thanks to continued macroeconomic growth and prudent fiscal planning. Much of this transformation is owed to high commodity prices, which have ensured the maximum value for Peru’s natural resources, though growth in recent years has also been...
Though improving rapidly, there are several obstacles to the development of the labour market in Peru ranging from brain drain and recurring strikes to inflexible hiring and firing practices and an inadequate amount of qualified staff. However, these challenges generally pale in comparison to the task of formalising the workforce. According to...
The world’s largest and most populous continent, Asia is home to more than half of the global population. It also boasts some of the world’s fastest-growing economies with a significant demand for natural resources. The relative geographic proximity and rich natural resources of Peru provide a straightforward explanation for the ever-increasing...
Once known as a country blighted by economic and social upheaval, Peru has now experienced more than two decades of relative stability and progress, increasingly so since the turn of the millennium. That strong economic progress has occurred during a period of high commodity prices is no coincidence considering the rich mineral and energy...
Though incoming President Ollanta Humala was initially feared by some within the business community, owing to his close ties to Former Venezuelan President Hugo Chávez, foreign policy under the current administration has been largely a continuation of established procedure. Indeed, while Humala has sought to focus on improving relations with...
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×