The heavy reliance of Peru on metals exports has shown its limitations with the recent decline in global demand, which resulted in an economic slowdown after more than a decade of rapid growth. To sustain high long-term growth, Peru needs to adopt a productivity-based growth model, rather than its current commodity-based one, by diversifying its economy and fostering innovation.
Hsain, Zakaria, "Toward Productivity-Driven Growth: The Need for Innovation and Economic Diversification in Peru" (2017). Volume 35 - Leveraging Peru's Economic Potential (2017). 10.