After nearly two decades of sustained economic growth and stability, Peru’s economy continues to expand. Economic diversification and the introduction of more technology-intensive production processes are now key to enable the country to sustain the growth rates it was able to achieve during its commodity-led boom and avoid what economists call the “middle income trap”. Elected in 2016, Peruvian President Pedro Pablo Kuczynski has designated education as a key priority. President Kuczynski…
Education & Health
From The Report: Peru 2017
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As the period of contraction of the commodity cycle continues to dampen Peru’s growth prospects, the education sector has become critical to the country’s ability to begin its transition to a knowledge-based economy. In a post-commodity cycle scenario, aligning vocational and technical training with labour market needs is expected to gradually rise to the top of the agenda in the medium term, as efforts to stimulate growth outside of natural resource-based sectors gain momentum. President Kuczynski hopes to expand access, improve quality and modernise Peru’s health system, a task that will demand increased levels of public spending at a time when the government grapples with a slowdown in economic growth. Meanwhile, though the private sector has not been immune to the deceleration of economic growth, the market continues to attract significant investor interest.
This chapter includes interviews with Fernando D’Alessio, Director-General, Centrum Católica Business School, and Carlos Heeren, CEO, University of Technology and Engineering (UTEC)