Tuesday, March 25, 2014

Roubini: 'Peru must diversify its Economy Gradually'

(Summarily Translated from Spanish @ http://peru21.pe/economia/nouriel-roubini-peru-diversificar-su-economia-gradualmente-2172837)
Famed international economist who predicted the 2008 crisis also recommended to Peru to focus on education and infrastructure.
Nouriel Roubini, known to the world as Dr. Doom for his pessimistic predictions about the global economy, our country has a different , more positive view . Think we are doing things right , but to be considered and start to diversify the economy to avoid falling into the trap of income.
The Turkish economist , doctor in this specialty from the University of Harvard , said this morning during a discussion organized by the University of the Pacific, Peru has grown 6.5 % in the last ten years and has had a good fiscal and monetary management .
However , he said that on the basis of natural resources should gradually head toward diversification . Opportunity in other sectors there is the case of agriculture or fishing , as it has done Chile and gastronomy and especially tourism, Roubini said after commenting that has been in " Inca sites " in Cusco , so you know it.

 Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics
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