Peru and its neighbors Chile and Colombia, have in common that have been and are exporters of commodities, besides economic strategies have pursued the same trend but at different times and for different reasons, since the three depended on different commodities and internal circumstances were too. However their economies have channeled, since 1990, to the same path and the consequences were different, due to the difficulties of leaving behind the past. Economic Policy, Political Leaning of Governments (Liberal or Socialist) and Labor Legislative Laws, together with the eventualities of the World Economy influenced the three countries analyzed in this paper. The results indicate that in Socialist-leaning Governments, unemployment levels are low but are not durable, because it is not economically sustainable in the medium and long term, even worse if the economy is closed to foreign markets. However, employment levels in Liberal-leaning Governments with an open economy tend to improve but are more vulnerable to economic shocks in the external sector, reflecting an improvement in the medium and long term.
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