Peru: Latin America’s New Major Power? (VIDEO)

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(Photo: Wikimedia Commons)

VisualPolitik Youtube Channel brings us an interesting look at how Peru has become an emerging country and where it may be headed.

Taking us from the economic and social crisis of the 80’s to 2017 in just over 11 minutes, the video below from VisualPolitik EN Youtube Channel is a great summary of the remarkable journey Peru has taken in the last 30 to 40 years.

Presidents Alejandro Toledo, Alan Garcia, or Ollanta Humala all left office with very low approval ratings, but, according to this video, their governments have reduced the national debt to levels so low that Peru is one of the least indebted in the world.

This certainly positions the Andean country to be an economic power, but there is much in the country’s political and social dimensions that remain troubling.

Considering that barely 30 years ago the World Bank declared Peru as one of the poorest countries in the world because, principally due to out of control debt and inflation, the economic stability and growth of today is an incredible turnaround. Yet Peruvians remain unhappy with their politicians and corruption has resurged to be a primary concern for the country’s people.

With its vast natural resources, hardworking populace, and rich cultural identity, Peru could be as socially and economically advanced as any nation in Western Europe. Every Peruvian or foreigner living in Peru knows this. This video helps put perspective on what has held the country back and where it may be going in the future.

Let us know what you think!

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Mike Dreckschmidt

Mike grew up and eventually attended university in Green Bay, Wisconsin. He graduated in Integrative Leadership Studies with an emphasis in Urban and Regional Planning and has been a part of planning projects in three different countries. Mike’s passion is reading; he devours both literature and nonfiction. His favorite author is Peru’s own Julio Ramón Ribeyro.

Discussion4 Comments

  1. The good the bad and the worst,this video needs a deeply research, you can see now the real situation in Perú about the teacher strikes, doctors strickes and how PPK is hated by the Cusquenian population due to the Chinchero airport was an scam do a better research please,and don’t try to scam me.

  2. Almost an accurate account of what happened from 1980 onwards in Peru. As reluctant immigrants forced by the 1980-1990’s disastrous Peruvian society, we (hundreds of thousands of Peruvian families living overseas) are interested in delivering this information to our children and grandchildren, who some of them being Peruvian by birth, have no recollection or knowledge of these events. If at any point Peru happens to be a potential country where we could go back to live or our children would choose to go back and do something for their country, they need to know exactly what their chances could be if they were to return.

    Personally, I don’t see a big change coming from the people living locally as sadly to say corruption reaches everyone, thinking that with a bribe or a name you can get away with murder. The change can only come if the younger generations of Peruvians living outside the country come back as a team and really make it happen. Peruvians outside Peru know and respect each others rights, giving way to others instead of pushing to be the first one in the queues. Stop in the Red Traffic lights. Give way in the roads so that there are no endless horning, swearing and traffic knots on each corner. Asks if everyone else have been served before asking for their order.

    So, its good to get these videos sent out to the world so that the young generations of Peruvians living abroad get to know the reality of their country and eventually get tempted to return and change it for good. Target should be the thousands and thousands of Peruvian children who were taken away from their birth country to be able to get a normal life, with clarity on what is right and wrong, black and white.

  3. A LatAm power for sure. in the near future. Could happen. PPK mentioned corruption a dozen times in his inaugural speech a year ago. Very important to rout corruption.
    I can only opine about Lima although I have visited Trujillo many times, Piura once and Cusco and Machu Picchu.
    Certain areas in Lima have changed incredibly since I visited the capital in 1978 for the first time. Un milagro!
    Still a lot of povetry. I help two persons.

    Regards, el Gringo in Sweden … more than 30 trips to Peru

    • Mike Dreckschmidt
      Mike Dreckschmidt

      Hi, Lars. It’s great to hear this optimism from someone who has seen Lima change over the years. Saludos!

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