Economic Environment of Peru
In recent years the economy of Peru has been showing an excellent performance and was regarded as one of the most fast growing economies both in the Latin America and all over the world. Even in 2009 when most of the countries registered the fall of major macroeconomic indicators due to the international financial crisis, Peru still demonstrated a slight GDP growth at a rate of about 1% (Memoria 2009,13). The Ministry of Economy and Finance of Peru in its economic and social outlook published in October 2010 claimed that “Peru overcame the global financial crisis relatively unharmed, maintaining GDP ...