Bibliography
http://www.indexmundi.com/peru/age_structure.html
http://www.forbes.com/pictures/eglg45gdjd/why-invest-in-emerging-markets-2/
http://data.worldbank.org/country/peru#cp_gep
http://www.limaeasy.com/peru-info/peruvian-economy
http://www.heritage.org/index/country/peru
This graph shows the growth of Peru's GDP from 2014-2017, where the red part is a prediction of
it's growth. As told before, there are some period
where there is a lot of decline, but it still has
some periods where it's growth has doubled.
Peru's natural resources are very abundant because they haven't been successful on using all of them. Other countries, like United States and London, doesn't base their economy on industrialization, this is because they don't have enough natural resources, so their economy is based on other things, like banking or investments. Peru will be growing a lot in the next years because it's area of investment is very huge.
One key factor of an emerging country is the age of the country's population. 27.3% of Peru's population is from 0 to 14 years old and 39.4% is from 25-54 years. This means that in a long term investment, most people will be old enough to work, so there would be not much difficulty with hiring them.
In conclusion, we can tell Peru is an emerging country because it has the characteristics that emerging countries has. In the next few years, Peru will economically grow a lot, because there are a lot of people investing on it and it's rapidly becoming a more industralized country.