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

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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.
Idioma originalInglés
Título de la publicación alojadaFinding a way to avoid the middle income trap
Subtítulo de la publicación alojadathe cases of China and Peru
EditoresRosario Santa Gadea, Yuyan Zhang
Lugar de publicaciónPekín, China
Número de páginas33
EstadoPublicada - oct. 2021

Nota bibliográfica

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.


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