With a radius of 24 square blocks located in the heart of downtown Lima, Gamarra is the capital city’s most important textiles emporium, both for production and retail. According to the Inter-American Development Bank, 150 galleries house more than 14,000 companies that either produce or sell textiles and apparel in Gamarra, providing work for 90,...
Which industrial segments have experienced the greatest development in recent years? Which could benefit from continued investment?
As more Peruvians continue to work their way into the country’s burgeoning middle class, an increase in disposable income has led to strong growth in the retail sector. According to UN data, GDP per capita increased by 19% between 2009 and 2010, and is expected to rise in the coming years as the economy continues to expand.
While petroleum is narrowly viewed as a source of energy, its benefits in terms of enhancing the productivity of the manufacturing sector as a whole have yet to be thoroughly explored in Peru. The country is now on the verge of developing what could be a petrochemicals industry of vital importance and has an array of projects lined up for the coming...
Even as global steel output hit a new record, Turkey clocked the world’s fastest growth in steel production in 2011. Now consumption worldwide is set to decrease due to continued economic strains in Europe and a slowdown in China. In spite of these challenges, however, Turkish steel should still see robust growth in the coming years as domestic...
In January 2012 the Turkish Exporters Assembly registered a 10% year-on-year increase in exports, but textiles exports declined by 4.2% in the same period. What are the factors behind this? ÖZDİLEK: The textiles sector is labour intensive, and because cotton can be speculated on the stock market its price rises artificially....
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