Peru is a major producer of copper and gold, as well as a prolific exporter of liquefied natural gas, seafood and agricultural products. In addition, it has significant oil and gas reserves, and is a major tourist destination, with some 4.5m tourists visiting annually. Many of these visitors flock to the country’s Incan archaeological sites,...
Peru’s political climate has been affected by deep structural problems due to the country’s peculiar democratic framework, with the hybrid presidential-parliamentary system prone to deadlock. There are promising signs of change, however, as the administration of President Martín Vizcarra Cornejo looks set to bring about an era of stability...
From the 1970s until the late 1990s, Peru was the standard example of a Latin American failing state. However, almost three decades of unprecedented economic growth, partly driven by high commodity prices and prudent macroeconomic and financial policies, have turned Peru into one of South America’s prime travel and tourism destinations. This...
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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...
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