UPS AND DOWNS, AND UPS AGAIN IN THE ECONOMIC GROWTH OF PERU SINCE 1821
200 YEARS OF PERU’S ECONOMIC GROWTH
LECTURE BY MICHAEL KUCZYNSKI
It looks as if over the past 200 years the Peruvian economy has grown on average almost 1 % a year more than the British economy, and ½ % more than the German. Yet the standard of living appears to remain persistently inadequate. Is it a case of a flawed polity and ramshackle public finance never quite taking advantage of the uplift of a succession of export tides, or is it instead a resilient inner domestic economy that has doggedly withstood the vicissitudes beamed upon it from far away and nearby?
Michael Kuczynski - Affiliated lecture, Centre of Development Studies. Fellow, Pembroke College, University of Cambridge.
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