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Thursday, November 01, 2007

PERU MAY BE NEXT RISING STAR IN LATIN AMERICA

When I asked senior World Bank economist Marcelo M. Giugale in a recent television interview which countries will be the economic stars of Latin America over the next 20 years, I was surprised by his answer. The first country he mentioned was Peru. ''Peru?'' I asked, somewhat incredulous. Read the whole column with the data here, and let us know what you think.

7 Comments:

Anonymous Anonymous said...

from: Paul Thørsen
PThorsen240@aol.com

åndèrš, no way Peru has more potential than either Brasil or Chili.
Brasil has 3 million ethnic Japanese, millions of ethnic Germans and millions of ethnic Italians.
Chili also has many ethnic Germans and Anglos. But Peru does have Japanese. I don't know how many, but not as many as Brasil.

http://www.datasync.com/~woodward/marshall.htm
The British were especially numerous in Valparaíso, but were also found in other Chilean ports. Laurie Nock provides a fascinating description of the British and their role in the wool industry in the Chilean Patagonia.

12:39 AM  
Anonymous Anonymous said...

Andres,

You should have gotten out of San Isidro or Aguas Calientes when you were in Peru.

Peru has huge social problems that no free market reform will fix. They have huge ethnic and social problems
that only huge well orchestrated social reforms can fix.

Peru needs to do what Chile did that made it so successfull. That is to take away the mining corporations
from corporate hands. Peru will become the next Chile when they do this. Chile is what is is because their
main source of wealth, copper mining, is state owned, make no mistake about it.

It is upsetting that with the high comodity prices Peru was able to reduce poverty only from 54% to 44% in 7 years.
Other countries did a lot better.
That is a slow progress. Specially when so much money came to the region through tourism and mining.

The stars in South America right now are pretty much socialist governments like it or not. This is the way it
is and the way it will be for a long time unless some powerful nation starts setting up an
unrepresentative coup.

4:23 PM  
Anonymous Anonymous said...

Paul,

arrogance is the path to failure, it doesnt matter if you are an alienated nobody who believes himself english or german or whatever, you will go down because of your stupidity.

cheers

1:56 AM  
Anonymous Anonymous said...

If Peru is enjoying any kind of economic progress is due to Fujimory, who liberated the country from a pol-pot like guerrila, the shinning path, and recovered the economy from the Alan Garcia debacle, 1000% inflation/devaluation per year or was it per month? And where is Fujimory now.. in jail. Next elections are an open ground for Chavez to install a puppet president, Humala or any other like him, and good by to Peru's progress.

8:48 AM  
Anonymous Anonymous said...

from: Paul Thørsen
PThorsen240@aol.com

That's right, anonymous, Japanese = success. Yet Peru wants to prosecute Fuhimori, and for what?!
If I were Peru, I would put the ethnic Japanese in charge of everything. I don't know if there are enough Japanese in Peru to make a difference. I think Fuhimori's daughter married an American and lives in the USA. Any country cannot lose good people like her.

http://seattletimes.nwsource.com/html/nationworld/2002621220_fujimori13.html
Fujimori remains popular with many Peruvians for leading the country to record economic growth in the early 1990s and crippling the Shining Path rebels who terrorized the country for years. His construction of schools, clinics and potable water systems won him a strong following among the poor.

9:57 AM  
Anonymous Anonymous said...

Will Peru fall prey to far left loonies in the future or has their left truly matured to set policies based on modern economic sciences? they have potential, but they need at least a second election since chavez' last candidate barely losing...
Chavez will probably still be around using venezuela's oil to fund other candidates' campaigns throughout latin america.

3:20 PM  
Anonymous Anonymous said...

If the owners of this site want to have a serious blog, should -at least- check what people like "paul racist thorsen'' are writing and delete their senseless texts. What would be the correlation between having anglos, germans or japaneses and development mr. thorsen?
people like you make me feel that the world is getting worse.
Hope peruvians keep that trend, the inka and amazonas land is bigger than what you think mr thorsen.

Andres, one week in Lima and other cities -after several years- made me feel I was in thailand...entrepeneurship...optimism, energy, development!!no wonder all this growth.

By the way, Peru: more than 80 months of growth, last year: 8%, last month 11.92%..

8:41 PM  

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