Political, economic and social context
- Author: United Nations Conference on Trade and Development
- Main Title: Voluntary Peer Review on Consumer Protection Law and Policy - Peru , pp 3-5
- Publication Date: November 2020
- DOI: https://doi.org/10.18356/9789210052276c004
- Language: English
Peru, a country located on the western coast of South America, has a population of over 31 million and shares borders with the Plurinational State of Bolivia, Brazil, Chile, Colombia and Ecuador. Under the Constitution of 1993, Peru was constituted as a democratic State governed by the rule of law and taking the form of a sovereign, independent social republic. It has a unitary, representative and decentralized system of government, organized in accordance with the principle of separation of powers. One of the primary duties of the State is to promote public welfare, which is grounded in justice and the comprehensive and balanced development of the nation. Peru recognizes the freedom of private enterprise and has a social market economy. The State guides the country’s development and acts mainly in the areas of employment promotion, health, education, security, public services and infrastructure.
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