Peru and the knowledge economy: a general assessment

Autores/as

  • Julio C. Aguirre Head of the Analysis and Research Unit – Office of Economics Research – INDECOPI

Resumen

This paper deals with the Knowledge Economy framework, defined by the World Bank as an economy in which knowledge is created, acquired, transmitted and used more effectively by entrepreneurs, organizations, individuals and communities to reach higher levels of economic and social development. Given this definition, the goal of this article is to assess Peru’s conditions to integrate itself into such an economy. To do this, the assessment evaluates –from a general perspective- its performance on elements such as investments in education, innovation capability, levels of information infrastructure, and economic and institutional regime. As a result, it has been found that Peru is very far from what a Knowledge Economy is supposed to be. The incoming new government should implement different policies in order to: (i) improve the institutional regime, (ii) attract more foreign direct investment, (iii) develop a more efficient National Innovation System, (iv) improve the quality of human capital, and (v) promote a culture of innovation and technological development to take on the path to a knowledge society.

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Publicado

2018-06-14

Número

Sección

Reportes y Evaluaciones