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Latin American Economy & Business - May 2014 (ISSN 1741-7430)
PERU: Super-charged Cusco
Many Latin American governments and economists wish they could achieve ‘Chinese’ rates of growth, shorthand for consistent year-on-year GDP expansion in the high single percentage digits. The benchmark has certainly been set high: China’s economy expanded by no less than 54% in 2008-2013. And yet…according to the Instituto Peruano de Economía (IPE), the city and administrative region of Cusco did a little better, achieving 59% growth in the same period.
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