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...
Situated in the northernmost tip of the island province of Palawan, Coron has long been known as a premier diving destination for underwater explorers. Whereas the western neighbouring municipality, El Nido, boasts larger limestone formations and extensive beaches, impressive landscapes and underwater scenery has turned Coron into an...
Exhibiting nominal growth rates of approximately 20% every year, business process outsourcing (BPO) is the Philippines’ most successful major sector. While accounting for only about 2% of national employment in 2012, the sector still makes an oversized contribution to the country’s GDP and especially to growth, both directly and indirectly as it...
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