Economic growth gives little benefit for the average Peruvian

31 January 2006

Foreign trade minister, Alfredo Ferrero, has stated that the value of Peru's mining exports increased 34.1% to £5.34bn in 2005 compared to the year before - Peru's top mineral exports are gold and copper.

Business News Americas quoted the paper, El Peruano, and stated that "the country's total exports grew 33.7% to £9.5bn last year versus 2004. The value of traditional exports increased 37.8% to £7.11bn."

Ferrero said this was due to strong metal prices, an increase in export volumes and increased demand from Chile, China, Switzerland and the US.

According to Oxfam's Annual Report 2004-05 (Poverty and Development in Peru), the average annual income for people in rural areas - where mines are likely to operate - is just £307. In urban areas £920 and in Lima £1,570. In all cases women earn approximately 40% less than men and indigenous people earn approximately 35% less.

 

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    The Peru Support Group exists to promote social inclusion, sustainable development and the observance of human rights in Peru. To that end the PSG highlights shortcomings in observance of established norms, whether international or local in nature, in its research, advocacy and publications. In so doing, it underscores the relationships that exist within the political system, how institutions work, and the effectiveness of policies that aim to reduce poverty and inequality within the context of sustainable development.

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