President Martín Vizcarra Cornejo pledged renewed infrastructure investment to drive economic growth and restore investor confidence. As such, the authorities are working to increase infrastructure spending from 4.5% of GDP in 2016 to 6% by 2021, with much of the momentum originating from the National Infrastructure Plan (Plan Nacional de...
Increased investment in infrastructure projects – such as those in mining, the $1.5bn extension of the...
Peru has seen relatively stable economic growth and significantly reduced the number of people living in poverty. Still, there have been multiple cases of corruption, but the government of President Martín Vizcarra Cornejo, who took office in 2018, has focused efforts on combatting this and stabilising the political climate. Nevertheless, challenges to ensuring sustainable development 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: in 1950 only 751m people lived in urban areas. By 2018, however, the number of urban...
From 206 BCE to 220 AD, 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 moniker 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,...
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