Growth, competitiveness and employment in Peru, 1990-2003 / Norberto E. Garcia.

Format:

Book

Government document

Author/Creator:

García, Norberto E., author.

Language:

English

Subjects (All):

Economic and Social Development.

Peru.

Local Subjects:

Economic and Social Development.

Peru.

Physical Description:

1 online resource (20 pages)

Contained In:

CEPAL Review Vol. 2004, no. 83, p. 81-100 2004:83<81 16840348

Place of Publication:

New York : United Nations, 2004.

System Details:

data file

Summary:

The growth of high-quality employment needed to reduce the share of informal occupation and open unemployment in Peru will require an acceleration and diversification of private investment in the tradable sector. One of the main constraints faced is the uncompetitiveness of the non-extractive tradable sector. In 1990-2003. competitiveness improved in this sector essentially as a result of lower labour costs, a socially unjust and economically ineffective route to follow. To raise competitiveness, it is essential for the macroeconomic regime to include a competitive real exchange rate (to which there are obstacles) and higher productivity at the microeconomic level. This latter goal needs to be pursued through microeconomic and mesoeconomic policies, the main obstacle being the narrow outlook prevailing from the mid 1990s onward, which emphasized the reduction of average labour costs as the main way to raise competitiveness.

Notes:

Title from title screen (viewed May 1, 2017).

Access Restriction:

Restricted for use by site license.