Abstract
This article assesses the possibility of improving the development of the external economic sector in Latin America as a whole and in Peru in particular, by analyzing the theory of international trade and current economic trends in the world. By using statistics from the foreign trade sector and considering global trends in the international trade over the past decade
Highlights
This article aims to reflect on the importance of international trade in Latin American countries in identifying the types of production and exchanges that must be made to achieve sustainable economic benefits.To this end, the theory of international trade and its model of comparative advantages are studied.In the macroeconomic framework, according to IMF data, Peru, in 2018, managed to raise the total exports to $48.09 billion (+7.5% in 2017), achieving an all-time record for Peruvian exports
The methodological process developed was based on international commercial information from different platforms such as Contrade, the Strategic Research Center of Peru, INEI (Peruvian Institute of Statistics and Informatics), World Bank, RBC Daily Business Newspaper, and others, as well as studies conducted by different Peruvian and Russian authors, among others, who have provided detailed access to the main data on world foreign trade, as along with the analysis of international trade data
This has given access to the exports and imports that Peru and Latin American countries have made to the different markets, and in turn, has identified exports of each Peruvian product to the world during the period 2010-2020
Summary
This article aims to reflect on the importance of international trade in Latin American countries in identifying the types of production (products, goods, or services) and exchanges that must be made to achieve sustainable economic benefits.To this end, the theory of international trade and its model of comparative advantages are studied.In the macroeconomic framework, according to IMF data, Peru, in 2018, managed to raise the total exports to $48.09 billion (+7.5% in 2017), achieving an all-time record for Peruvian exports. This article aims to reflect on the importance of international trade in Latin American countries in identifying the types of production (products, goods, or services) and exchanges that must be made to achieve sustainable economic benefits. To this end, the theory of international trade and its model of comparative advantages are studied. In the macroeconomic framework, according to IMF data, Peru, in 2018, managed to raise the total exports to $48.09 billion (+7.5% in 2017), achieving an all-time record for Peruvian exports. This growth is explained by the remarkable
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