The Report: Peru 2014

The Report: Peru 2014

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Over the past decade Peru has seen a period of transformative growth, effectively positioning it as one of the leading economic performers in Latin America. Posting growth rates in excess of 6% from 2010-12, the economy expanded by a further 5.1% in the first half of 2013. A major metals and minerals exporter with a burgeoning agricultural sector, Perua€™s rapid economic growth has been the result of elevated global demand for commodities and key exports, as well as prudent fiscal planning and the expansion of non-primary sectors. With an investor-friendly legal framework, Peru has become a prime destination for foreign direct investment and was recently ranked the second-best country for doing business in Latin America by the World Bank. Despite ongoing social conflict related to extractive industries and a sizeable infrastructure gap, Perua€™s stable macroeconomic environment and its efforts to diversify and guard against price volatility should ensure continued growth for this Andean economy.The minimum wage was increased from $254 to $282 a month in 2012, but this is unlikely to affect the manufacturing ... Clothing production relies heavily on manual labour, directly employing around 400, 000 operators and indirectly around 1m workers. ... However, the new legislation does not clearly define disabilities or the number of disabled Peruvians. ... The clothing company La Victoria FAibrica de Tejidos de Punto, has for 30 years employed deaf workers, who today make upanbsp;...

Title:The Report: Peru 2014
Author:Oxford Business Group
Publisher:Oxford Business Group - 2013-12-19


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