Peru - A private sector assessment
Das Gupta, Dipak | Das Gupta, Bejoy | DEC
This report examines the environment for doing business in Peru following the far-reaching reform program instituted in 1990. It has never been easy to do business in Peru. This is a powerful reason why, amid such potential, Peru remains a poor and divided country. For business to flourish a country must enjoy conditions of continuity, stability, and evenhanded policy in which business trust and habits of competition can grow. Historical forces in Peru have done little to create these conditions. Overall, the government has made enormous progress in reforming the economy. The environment for business is incomparably more promising than it was in 1990. How far does the reform process still need to go? It is possible to identify many areas where action is needed to create stable business conditions and further improve the way markets work, but there is no doubt that the Government is aware of what needs to be done. What is most important is to create the conditions that will allow the momentum of reform to continue. This involves two issues, political credibility and the rebuilding of government.
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