Unemployment in Peru An economic concern - 1207 Words

Unemployment in Peru: an Economic Concern AIU Online Abstract The Peruvian unemployment rate has started to decline in the past few years. The lowered unemployment rate connects to Peru’s economy and means it is on the mend. There are several relationships between the lowered unemployment rate and the economy that will be described. The data on this occurrence has a trend that shows it will continue to decrease. This will mean the economy will continue to improve. The future looks relatively bright for Peruvian people because with more people employed, the economy can make more money. Unemployment in Peru: an Economic Concern Economic concerns are important to monitor especially†¦show more content†¦The data trend for this economic concern and how it affects the economy suggests that economy will continue to improve. As seen below in Chart 1, the trend shows that the unemployment rate has been decreasing for a decade and should continue to decrease unless something unforeseen happens. It shows although with several spikes that the data if following the averages is decreasing slowly (â€Å"Peru Unemployment Rate,† n.d.). This means that the economy will also continue to improve for Peru. This is portrayed in correlation to the increased GDP in chart 2. This trend also shows that in the last decade, the GDP has been rising steadily, which means overall that the economy is increasing (â€Å"Peru GDP,† n.d.). The data for GDP and unemployment is connected because as the unemployment rate went down the GDP went up, which only makes sense because with more people working more can be produced. These are both also correlated to monitoring the status of an economy. Both graphs show that between 2003 and 2013, the economy in Peru was improving, and it appears that it will continue to do so. Chart 3 shows the Year-on-year inflation by percentage (â€Å"Economic Outlook,† 2013). This shows that the inflation rates have started to come into the target range for inflation in the past year as well. Inflation is the steadyShow MoreRelatedI.P. Wk1 Econ Essays840 Words   |  4 PagesAs an employee of the World Bank, you have been asked to research 1 economic concern in a South American country and write a report on your findings. Select a South American country to research. Select one of the following economic concerns to research: Quantities of specific goods and services Gross Domestic Product (GDP) Unemployment Inflation Research data sets for the 1 economic concern within the South American country that you have chosen. In a 3à ¢Ã¢â€š ¬Ã¢â‚¬Å"4 page report, answer theRead MoreLinda Seligmann s Peruvian Street Lives : Culture, Power And Economy Among Market Women Of Cuzco1628 Words   |  7 PagesSeligmann’s novel is a cultural study of the lives and struggles faced by women vendors within the open air market of the Andean highlands of Cuzco. Seligmann has dedicated twenty years to studying markets throughout Peru. Peruvian Street Lives argues that the sometimes invisible and informal economic, social, and political networks market women establish, although they may appear disorderly and chaotic, in fact often keep dysfunctional economies and corrupt bureaucracies from utterly destroying the abilityRead MoreThe Hardships Hitting Least Developed Countries1627 Words   |  6 Pagesare not economically stable, their development process is very slow and are known to be very poverty stricken. These LDCs standard of living is very poor thus they are exposed to many economic and social problems. A clear description of least developed countries would be low economic growth, huge problem in unemployment, institution capacity is very vulnerable, poverty stricken, and have poor infustructure, inadequate education, climate implications, lower income as well as per capita income. LCDs haveRead MoreThe European Union And The Trade Agreements Essay843 Words   |  4 Pagesone of the most famous Economic blocs in our recent times. It is the culmination of efforts after the devastating Second World War. It currently includes 28 states with varied cultural and historical backgrounds and even different languages. It now has more than 30 separate international trade agreements with many countries such as Colombia and South Korea (Encyclopedia of Management). The EU and the trade agreements entered into by member countries are examples of economic integration and cooperationRead MoreIntroduction. The Idea Of Fairtrade Emerged In The Late812 Words   |  4 Pagesdepreciation of the economic value of agricultural products. In this case, the marginal revenue of the crops will keep decreasing in the long run, but Fairtrade keep offering supports to incentive growers remain in and enlarge the agricultural production. If the selling price can no longer cover the cost, the industry will then start to lose money and even collapse. This will then lead to the unemployment problem. Consequently, producers and workers cannot beneficial from Fairtrade. â€Æ' Economic StabilityRead MoreLeast Depeloping Countries943 Words   |  4 Pagescountries are the countries which are poor in agricultural that are seeking to become more advanced economically and socially. Most of the countries are developing, less developed or Third World countries. However, the big difference in wealth and economic development amongst Third countries, the concluding are typically characterised by a low average per capita income, high external debt (to foreign banks and states in respect of loans acquired), a strong dependance on agriculture and other primaryRead MoreThe Trans Pacific Partnership ( Tpp ) Is A Multilateral Free Trade Agreement Essay1507 Words   |  7 PagesThe Trans-Pacific Partnership (TPP) is a multilateral free trade agreement that aims to facilitate economic integration among its twelve member states. Scholars Capling and Ravenhill describe the agreement as â€Å"transregional† since it unites various states from five distinct regions: O ceania, North America, East Asia, Southeast Asia, and Latin America. After eight years of negotiations, the TPP was signed on February 4, 2016 but has yet to be ratified and implemented by its signatories. BesidesRead MoreEconomic Growth of the Coca-Cola Company1040 Words   |  4 PagesThe economic growth rate of the country was an 8.9% decline. Despite the drop, Coca-Cola fared better than the overall economy. From 2009 to 2010, sales rebounded with a growth rate of 13.32%. This was much higher than the economic growth rate in the U.S. of 3.8%. The year from 2010 to 2011 was exceptional with a 32.53% growth rate. The United States economic growth rate was 2.3% by comparison. The growth can be largely attributed to the launch of new products in overseas markets. In Peru, Coca-ColaRead MoreFree Trade Is A Policy1660 Words   |  7 Pagesis a policy followed by some international markets in which countries governments do not restrict imports from, or exports to, other countries. Free trade is exemplified by the European Economic Area and the North American Free Trade Agreement, which have established open markets. Free trade is an economic policy under which the government does not interfere with trade. No tariffs are applied to imports or exports, and people are allowed to trade goods and services as they please. Supply andRead MoreThe Impact Of Latin American Culture On Latin America1656 Words   |  7 Pagespopulations of Colombia following the 1989 assassination of presidential candidate Luis Carlos Galan. Campaigns to fight illicit drug trade have arouse in Latin American countries such as Colombia and Mexico. The urge for drug control arose from concern among industrialized nations such as the United States. Public awareness became greater with drug control policies as a result of the U.S foreign policy, designed to slow the production of marijuana and other drugs from Latin America into the United