Peru's opening up :: strategies, impacts and pending tasks

Carlos Parodi

Peru's opening up : strategies, impacts and pending tasks

Universidad del Pacífico

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

Since the 1990s, the Peruvian economy has implemented a series of structural reforms with the objective of adhering the economy to the free market and opening it abroad. Private investment and exports became the new engines of the economy. Before 1990, the growth strategy was industrialization by import substitution, which, taken to the extreme, contributed to a profound economic crisis in the late 1980s. Then, the market and integration to the world. The transformation of the economy was achieved thanks to a set of structural reforms, among which were commercial and financial ones. From the beginning of the nineties until today, both reforms have been deepened. The achievements have been evident; however, improvements are lacking within the country, such as raising productivity, closing the infrastructure gap and the institutional reform that can maximizes the benefits of openness to the world.

Original language	English
Title of host publication	Finding a way to avoid the middle income trap
Subtitle of host publication	the cases of China and Peru
Editors	Rosario Santa Gadea, Yuyan Zhang
Place of Publication	Pekín, China
Publisher	China Social Sciences Press
Chapter	6
Pages	138-170
Number of pages	33
ISBN (Print)	9787520388764
State	Published - Oct 2021

Bibliographical note

Co-edited by the Institute of World Economics and Politics (IWEP) of the Chinese Academy of Social Sciences (CASS) and the Center for China and Asia-Pacific Studies of Universidad del Pacífico.

Cite this

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AB - Since the 1990s, the Peruvian economy has implemented a series of structural reforms with the objective of adhering the economy to the free market and opening it abroad. Private investment and exports became the new engines of the economy. Before 1990, the growth strategy was industrialization by import substitution, which, taken to the extreme, contributed to a profound economic crisis in the late 1980s. Then, the market and integration to the world. The transformation of the economy was achieved thanks to a set of structural reforms, among which were commercial and financial ones. From the beginning of the nineties until today, both reforms have been deepened. The achievements have been evident; however, improvements are lacking within the country, such as raising productivity, closing the infrastructure gap and the institutional reform that can maximizes the benefits of openness to the world.

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M3 - Capítulo de libro

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BT - Finding a way to avoid the middle income trap

A2 - Santa Gadea, Rosario

A2 - Zhang, Yuyan

PB - China Social Sciences Press

CY - Pekín, China

ER -

Peru's opening up : strategies, impacts and pending tasks

Abstract

Bibliographical note

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