Peru: An Economy for the 21st Century

by Graham Field

Per stands on the threshold of the 21st century distinguished from the rest of Latin America by a consistent macroeconomic framework, a robust fiscal position and the prospect of realising more of its economic potential. External factors now govern the expectations for the Peruvian market, rather than domestic political and economic crises, terrorism, corruption or lack of protection for foreign capital. One need look no further for a testament to the miraculous recovery of the country. Per An Economy for the 21st Century examines in detail the sectors that are driving the economy - mining and hydrocarbons, power and infrastructure - as well as identifying non-traditional businesses which offer potential. The book pays close attention to the macroeconomic management of the country and the roles and aims of the finance ministry and the central bank. It also analyses the financial sector, looking at the consolidation and acquisitions in banking, and the continued modernisation of the capital markets and funds management businesses. Finally, the legal framework for foreign investment is detailed by law firm Estudio Olaechea, which has expertise in both the international and local market.

Paperback

Published July 1, 1999