OECD Economic Surveys Peru 2023
Peru's solid macroeconomic framework has driven substantial economic growth and poverty reduction in the past two decades. While the economy swiftly rebounded from the pandemic due to strong policy support, it exposed structural weaknesses such as a large informal sector and stark regional disp...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
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Paris :
OECD Publishing
2023.
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| Edición: | 1st ed |
| Colección: | OECD Economic Surveys Series
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| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009769027106719 |
Tabla de Contenidos:
- Intro
- Acknowledgments
- Basic statistics of Peru, 2022
- Executive summary
- Growth has slowed
- Structural reforms are key to boost long-term growth
- Reducing informality is a key priority
- 1 Key Policy Insights
- Achieving higher living standards requires ambitious structural reforms
- The economy is resilient, but there are significant risks
- Activity has slowed down and inflation remains high
- Economic growth will remain weak in an uncertain environment
- Short to long-term downside risks loom large
- Financial stability risks seem contained
- The macroeconomic framework could be further strengthened
- Reforms are needed to increase efficiency of public finances
- Fiscal policy should remain prudent and rebuild fiscal buffers
- A comprehensive tax reform is needed to address long-standing challenges
- Making public spending more effective by reforming subnational finances
- A long-term politically feasible fiscal reform agenda
- Addressing climate change risks to foster sustainable and inclusive growth
- Deep emissions reductions are required for Peru to reach net zero
- Further efforts are needed to reverse deforestation
- Reducing GHG emissions from energy and transport
- References
- 2 Boosting long-term growth
- Introduction: Peru's long-term growth challenges
- An analysis of Peru's business environment
- Promoting competitive and innovative markets
- Fostering competitive markets with effective competition policy
- Reducing compliance costs with regulation
- Advancing the modernisation of regulatory policy
- Leveraging financial inclusion and promoting financial competition
- Diversifying exports and moving up the value chain
- Improving innovation and R&
- D support
- Strengthening the rule of law
- Continuing the fight against corruption
- Improving judicial performance.
- Improving state capacity for public investment and service delivery
- Closing infrastructure gaps requires significant public investment
- Re-starting the civil service reform
- Strengthening public procurement
- Improving multi-level governance and coordination
- Strenghtening the governance of public infrastructure investment
- References
- 3 All together: Making growth more inclusive in Peru
- Introduction
- Poverty and inequality remain high
- Widespread informality undermines convergence to higher living standards
- Labour market reforms to boost job quality
- Rigid employment regulations prevent many workers from accessing high-quality jobs
- The minimum wage is relatively high compared to the median wage
- High non-wage labour costs are a barrier to formalisation
- Achieving universal social protection while reducing incentives to informality
- Social protection is fragmented and has low funding and coverage
- Stepping up the fight against poverty
- Boosting protection against job loss
- Providing adequate pensions for all
- Ensuring universal access to high quality health care services
- Better access to high quality education and training is key for equity and productivity
- Addressing unequal educational attainment
- Improving the quality of education
- Improving the transition from education to the labour market
- References.
