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

Carlos Parodi

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

Carlos Parodi

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
Chapter	6
Pages	138-170
Number of pages	33
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.

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 8 Decent Work and Economic Growth
SDG 9 Industry, Innovation, and Infrastructure
SDG 17 Partnerships for the Goals

Cite this

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

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.",

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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.

UR - https://item.jd.com/12987277.html

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M3 - Capítulo de libro

SN - 9787520388764

SP - 138

EP - 170

BT - Finding a way to avoid the middle income trap

A2 - Santa Gadea, Rosario

A2 - Zhang, Yuyan

CY - Pekín, China

ER -

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

Abstract

Bibliographical note

UN SDGs

Other files and links

Fingerprint

En búsqueda de un camino para evitar la trampa del ingreso medio: Los casos de China y Perú

La apertura del Perú: Estrategias, impactos y tareas pendientes

Finding a way to avoid the middle income trap: the cases of China and Peru

Cite this