Peru: The economy grows but quality of life decreases
Published on Sat, 2016-07-09 05:48
Peru has experienced sustained economic growth, due largely to rising prices of gold, copper and other minerals, but virtually the entire territory has been given in concession to mining, oil, and logging companies, frequently in conflict with local populations. Income poverty has decreased, but multidimensional poverty has worsened. Progress has been made in circulation of money and electronic and telephone connectivity, but there has been a decline in quality of life and public safety, as increased levels of crime is taking over streets and cities and corruption resulting from the influence of corporate power reaches every part of the government.
Source: Peru National Report, Social Watch Report 2016.