How the Pandemic is going to change Peru forever

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Photo by Willian Justen de Vasconcellos on Unsplash

Peru is a country of contrasts. While being one of the fastest-growing economies of Latin America in the last 20 years, reducing poverty by half in a decade and welcoming millions to a new middle class, most of this new economic engine of social mobility never quite made it through its own glass ceiling. This year, the pandemic exposed the structural fallacies of an idea of development that started to crack years before 2020.

Gross Informality on labor markets, incipient social welfare nets, and an absent and inefficient state, together, were Peru’s Achilles heel, creating the tragic conditions for the perfect storm currently ravaging the country. …

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Alexander Roman

Economist writing about Latin America

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