Towards a National Value Proposition. Michael E. Porter, Jorge Ramirez-Vallejo, Fall 2014, Paper. "PERU HAS BEEN ONE OF THE MOST REMARKABLE economic growth stories of the last decade, both compared to its own historic record and to its peers in Latin America and beyond. A combination of sound macroeconomic policies since the mid- 1990s and a benevolent international economic environment with growing demand for Peru's natural resources has allowed the country to prosper. Earlier improvements in basic security and political stability had provided an important pre- condition for these achievements..." Link Verified October 29, 2014