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Business / archives for : economy
16 October, 2009 14:01:45
Peru: Economic Week In Review (Oct. 11-16)
ByNathan Paluck
Highlights from economic news in Peru include:
- the economy expands slowly despite the crisis, especially in isolated regions
- a study shows that Peruvian women earn 19.4% less than male counterparts
- Aeropuertos del Perú prepares to upgrade its Pisco airport
- a business consortium decries the average of 70 steps to begin investment projects
9 September, 2009 09:46:30
The Bottoming Out of the Economy
ByMaarten Warnaars
It appears that the world economy is bottoming out. Stock markets are recovering some of the ground they have lost in the past months, with the Dow Jones Industrial average almost reaching the 9,500 point mark. The last time it was at that level was the first week of November 2008. The return of stronger commodities, especially with the mining group rallying, in particular gold passing the $1,000 per ounce mark is helping most Latin American countries rebound and begin showing signs of recovery, in particular Peru. For example, Peru improved its ranking in the Doing Business 2010 Report from #65 in the 2009 edition to #56 in the 2010 edition. The iShares MSCI All Peru Capped Index Fund traded in the New York Stock Exchange reached its highest point yesterday at 29.57 since its launch in June this year. Things are looking up for the Andean country. Consequently, Peru has finally shown some negative affects to the global slowdown in the second quarter, but they still stand on top.
20 July, 2009 10:45:54
Against All Odds: 2009 Investment Climate
by
Juan Diego Angulo Ljubicic, Economist and Editor
Juan Diego Angulo Ljubicic, Economist and Editor
While the world has been shaken by a financial crisis, and the uncertainty this has caused has directly affected the growth of Peru, it stands out in the region and the world as one of the countries best prepared to face these times of economic slowdown or even contraction thanks to good management of the economy during the last decade.
15 July, 2009 10:33:59
Ringing the Bell of Positive News
byMaarten Warnaars
Monday July 13, the Peruvian Minister of Economy and Finance, Luis Carranza rang the opening bell to the New York Stock Exchange (NYSE). This was the first time a Peruvian minister has done so and fortunately for him stocks rallied slightly, the DOW gaining 27 points, at closing bell.
8 July, 2009 10:55:39
The Gap in Public Service Infrastructure in Peru: Where is the Vision?
by
Alexander Müller Jiskra, Economist, AmCham Peru
The lack of investment in public service infrastructure in Peru has led to the growth of the infrastructure gap to US$ 30 billion – an amount equivalent to the public debt – which raises the question of whether or not the Peruvian government has a vision of how to reverse this deficit that limits the growth potential of the economy.
Alexander Müller Jiskra, Economist, AmCham Peru
1 July, 2009 12:48:26
Angel Investing in Peru
by
Diego de la Torre
Introduction
It was the Interamerican Development Bank annual meeting in Peru in 2004 and my Colombian friend Felipe Vergara, co-editor of this book, sent me an e-mail from Florida telling me that Mrs. Elizabeth O´´Halloran, Director of Intellectual Capital, Batten Institute, University of Virginia was coming to Lima to attend the conference. He encouraged me to meet her because we had a common interest in intangible assets and how to foster a more entrepreneurial culture. After finishing my lecture at 10.00 PM at the University in a warm summer night, I went to the “ Brujas de Cachiche” Restaurant, a native food restaurant in Lima where I met Mrs O´Halloran who was with a group of sharp and smart colleagues from Brazil and India who were also attending the IDB conference. We engaged in a brief but intense conversation about how intangible assets create value in corporations and the need to develop a more investment friendly culture in Latin America. Then, the topic of Angel Investing came up. A few weeks later I received the proposal from Felipe and Elizabeth to write this chapter about Angel Investing in Peru.
Diego de la Torre
Introduction
It was the Interamerican Development Bank annual meeting in Peru in 2004 and my Colombian friend Felipe Vergara, co-editor of this book, sent me an e-mail from Florida telling me that Mrs. Elizabeth O´´Halloran, Director of Intellectual Capital, Batten Institute, University of Virginia was coming to Lima to attend the conference. He encouraged me to meet her because we had a common interest in intangible assets and how to foster a more entrepreneurial culture. After finishing my lecture at 10.00 PM at the University in a warm summer night, I went to the “ Brujas de Cachiche” Restaurant, a native food restaurant in Lima where I met Mrs O´Halloran who was with a group of sharp and smart colleagues from Brazil and India who were also attending the IDB conference. We engaged in a brief but intense conversation about how intangible assets create value in corporations and the need to develop a more investment friendly culture in Latin America. Then, the topic of Angel Investing came up. A few weeks later I received the proposal from Felipe and Elizabeth to write this chapter about Angel Investing in Peru. 24 June, 2009 11:24:36
Capital markets and education
Diego de la Torre de la PiedraPresident of Global Compact Perú
There are educated people who will do what it takes to create wealth in the knowledge economy. A country that invests in its human capital grows faster, strengthens its political and economic institutions, competes better in the global market and improves the quality of life in general. The idea of using the capital markets to finance individuals’ education, which previously existed only as an academic exercise, is close to becoming reality.The concept of creating funds that invest in individuals instead of businesses is not new. In the 18th century John Locke and Adam Smith explored the idea that talent, although intangible, could create economic value just like tangible assets. In 1955, Milton Friedman took the idea further to propose risk investment in students in lieu of student loans. He said that loans were not adequate for risk investments such as education because the rates would be too high to offset the risk. Friedman said that private financing for education would be feasible if investors could share in the student’s economic success in the same way that they invest in a company- by legally acquiring a share or a shareholder’s percentage in the student’s future income (once he or she had graduated and for a specific period of time).
27 May, 2009 12:10:24
Eric Siegel of Export Development Canada (EDC) praises Peru
At the launch of EDC (Export Development Canada), Eric Siegel spoke about the hopeful place Peru occupies in the world business environment, and how Peru can work with other countries in order to ensure a more profitable future:22 April, 2009 11:28:09
Friedman, Keynes and Dr. Freud
by
Diego de la Torre de la Piedra, President, Global Compact Peru
Diego de la Torre de la Piedra, President, Global Compact Peru
We live in an economy where intangible assets account for two-thirds of companies’ stock value and, consequently, the wealth of a society. Examples of such assets include intellectual capital, innovation, creativity, trust, motivation of team members, corporate culture and anthropological sensitivity.
15 April, 2009 15:25:36
The Spirit of the Wright Brothers
By Jacqueline SaettoneCategories
- agriculture (34)
- economy (23)
- employment (7)
- finance, stock market (5)
- General (34)
- import-export (73)
- Industry/Mining (4)
- marketing (8)
- technology (5)
- tourism (2)
Last 5 posts
- Can Worker Reform Improve Public Transportation?
- TechoServe: Business Solutions for Rural Poverty
- The 51% Syndrome
- Peru: Business Week In Review (Oct 19-23)
- Gretel Castro: I Took a Gamble on Love
Last comments
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Alan says :
28 October, 2009 13:12:09
It is impossible to import the whole fruit, as it is illegal, but If you would like to import any of ... - In Joseph Stiglitz: “Latin America should avoid market fundamentalism”
David N says :
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This guy is nothing but a George Soros parrot. "Market fundamentalism"?? Yeah ... - In Gretel Castro: I Took a Gamble on Love
Mario Ledesma says :
22 October, 2009 00:10:03
Excellent article !!! An extraordinary woman, an entreprepreneur who never forgot her roots an ...
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