Verified Document

Peru: Current Development Status By Essay

Again, Peru is far from being the most impoverished country in South America, and its export capabilities as well as the rural practices of many of the country's citizens suggest higher levels of development than might be accurately measured through statistical means alone. There is still definitely a poverty situation in the country that needs to be addressed, however. The disparity of wealth distribution amongst the country's population and the consistent underemployment faced by many are situations that require attention.

Determining the true poverty threshold for the country of Peru and its citizens is also a somewhat complex task. The World Bank's use of $1.25 per day in 2005 purchasing power parity dollars could be seen as inadequate given the level of activity in rural traditional economies and subsistence practices, which generally increase the standard of living for many of the nation's poor yet which are not taken into account by the purely financial measures of poverty used to establish this figure. The fact that almost half of the country's population lives at or below this level of income also suggests that the true poverty threshold in Peru might be significantly lower. At the same time, the extreme disparity of wealth in...

The use of the world bank's standard measure of poverty is thus deemed relatively successful in its specific estimation of the Peruvian poverty threshold.
The easiest and most efficient manner for the country to tackle its poverty problem is through the redistribution of wealth from the oil, natural gas, and mining industries of the country, either through the nationalization of these industries or through increased export taxes used to fund social welfare programs. Though this would raise the cost of these exports, there is sufficient demand to bear such increases and high enough profit margins to significantly alter the situation of the impoverished. Increased infrastructure development in rural areas is also called for.

References

CIA World Factbook. (2010). "Peru." Accessed 22 March 2010. https://www.cia.gov/library/publications/the-world-factbook/geos/pe.html

POVCAL.net (2010). Accessed 22 March 2010. http://iresearch.worldbank.org/PovcalNet/povcalNet.html

Sources used in this document:
References

CIA World Factbook. (2010). "Peru." Accessed 22 March 2010. https://www.cia.gov/library/publications/the-world-factbook/geos/pe.html

POVCAL.net (2010). Accessed 22 March 2010. http://iresearch.worldbank.org/PovcalNet/povcalNet.html
Cite this Document:
Copy Bibliography Citation

Related Documents

Peru Is the Fifth Most
Words: 2640 Length: 10 Document Type: Thesis

In addition Peru is second largest producer of zinc, third in copper and tin, fourth in lead, and sixth in gold ("Peru"). Additionally Peru's export revenue is dominated by mineral exports at nearly 63% in 2008("Peru"). According to an article found in the Wall Street Journal, Low metal prices will have a negative impact on Peru's economy well into 2009. The article explains that the Lima Stock Exchange which is

Economics of Peru the Focus
Words: 2862 Length: 10 Document Type: Thesis

Capital (% of GNI per capita) Source: The World Bank (2009) The following table shows the procedures time and costs involved in construction of a warehouse, obtaining the licenses and permits necessary and completion of the required notifications and inspections as well as obtaining utility connections. Procedures and Costs Involved in Warehouse Construction Indicator Peru Region OECD Procedures (number) Duration (days) Cost (% of income per capita) Source: The World Bank (2009) Peru is stated to rank 149 among other countries

Colonization In Peru
Words: 2318 Length: 8 Document Type: Essay

Essay Topic Examples 1. The Impact of Spanish Colonization on Indigenous Societies in Peru:     This essay topic would explore the profound effects Spanish colonization had on the indigenous populations of Peru, from the initial encounter and subsequent conquests to the cultural, social, and demographic shifts that occurred. An examination of colonization policies, such as the encomienda and mita, and their long-term implications on indigenous communities and cultures could also be included. 2. The

How the ICAO Affects the Geopolitical Sphere
Words: 3960 Length: 15 Document Type: Research Paper

The International Civil Aviation Organization’s Role in International Relations Established shortly before the end of World War II in December 1944 and known as the Provisional International Civil Aviation Organization, the International Civil Aviation Organization (hereinafter alternatively ICAO or “the organization”) became a specialized agency of the United Nations (UN) on April 4, 1947 (About ICAO, 2017). Since that time, the overarching purpose of the ICAO was set forth in the

Resolving Various Issues Relating to Social Work
Words: 1160 Length: 4 Document Type: Case Study

Social Work Scenario One; Mr. K M.K Elements My Life is a train Wreck I can't sleep at night I can't do my work I think my boss is getting tired of my mistakes I also forgotten to pay my some of my bills Creditors are calling the time The Chief Reason: My Life is a train Wreck Rationale- Thinking Mr. K, I have heard about your story and I regret what you and your wife had to experience. I do

Moche Paleoindians the First Human
Words: 4658 Length: 15 Document Type: Term Paper

It can be assumed, therefore, that some of these cups contained human blood. As of yet, however, there is no direct relationship established between the sacrifice ceremony and the goblets. It is only believed that the Moche performed a number of different rituals with sacrificial components for various reasons. One type of sacrifice called the Mountain Sacrifice, for instance, is only known through iconography. Bourget, who excavated fifteen strata of

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now