The Peruvian legal framework continues to develop along the same lines as in the last two decades, promoting foreign investments and competition, while attempting to include the poorest groups in the country’s economic growth. The following text highlights some of the most important recent changes, which have occurred in the areas of mining,...
Long neglected amid the need to boost priority economic activities, education is now under the national spotlight. Though major improvements have been made to close gaps in access and quality, there is still room for growth. Public expenditure on education has inched along in recent years, representing 2.9% of GDP in 2012, up from 2.5% in 2007....
In a bid to anchor and expand the success of agro-exports along Peru’s coastal land, national and regional authorities have initiated work on a range of vast irrigation projects. However, while commercial farmers are eager to tap into the country’s thriving agro-exports business, auctions of irrigated land have elicited varying levels of...
Despite the ongoing global economic troubles, international tourist arrivals in Peru rose by 9.53% in 2012 to reach 2.85m. The industry expects these numbers to continue rising at a steady rate, forecasting the total to exceed 3m visitors by the end of 2013; from January to August 2013, 2.1m tourist arrivals were recorded, a 11.55% growth on the...
Amid growing demand, profit-driven private universities and institutions have expanded considerably over the past two decades, significantly increasing access to higher education. However, lax quality regulations have allowed many of these institutions to provide substandard learning conditions, creating major concerns for students, professors...
With streets choked corner to corner with taxis, cars and their blaring horns, the relatively recent arrival in Lima of motorcycle taxis is a welcome, but not surprising addition. Coordinating president of Peru’s National Society of Industries Metal-Mechanics Committees, Emilio Navarro points out how this transportation phenomenon is closely...
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