Since the drop in commodity prices in 2014, Colombia’s economy has been recovering and is set to expand in 2019 and 2020. In May 2018 Colombia was invited to become the 37th member of the OECD, a positive development that should increase the country’s international political and economic prominence in the coming decades. However, challenges to ensuring Colombia’s continued economic progress remain.
Urbanisation is a mega-trend redefining contemporary life in both developed and emerging markets across the globe. This mass rural-to-urban movement of people and expansion of cities to absorb formerly isolated villages is a relatively recent phenomenon, at least in the developing world. According to the UN, in 1950 only 751m people lived in...
What are some of the challenges Peru faces in securing sufficient investment for infrastructure?
From 206 BCE to 220 CE, China’s Han dynasty fostered a booming trade industry for silk, a precious commodity in high demand among the elites of the Mediterranean. The Silk Road was the name given to the network of trade routes connecting the East and West at the time. Later, spices and other precious cargo would be traded using the system,...
After a slow 2017, growth in Peru’s real estate sector picked up in 2018 due to social housing development, attractive mortgages, expansion in the warehousing and retail segments, and improvements in office space absorption rates. Investor sentiment is also picking up: according to the 2019 GRI Barometer Survey of regional real estate leaders...
Construction will be the biggest driver of GDP growth in Peru in 2019, according to the Lima Chamber of Commerce, with the sector expected to grow by 6.7% over the year. Increased investment in infrastructure projects, such as those in mining and the $1.5bn extension of the Jorge Chávez International Airport in Callao, will propel expansion...
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