Asparagus: Peru's Success Story

1197 Words3 Pages

Growing up in my country, Peru, was a formative and great learning experience because as I grew into an adult and participated in the economy, I learned how Peru’s financial system worked as a nation exporting agricultural goods. Peru’s history as a great, fertile farmland country made it a huge partner for potential buyers all around the world; these countries could take advantage of the exotic and plentiful fruit and vegetable products. During the government of Peru’s ex-president Alberto Fujimori, Peru signed the Free Trade Agreement with the United States, in 2006 and became a big exporter of goods. 3 years later, after a great turnout, Peru signed another Free Trade Agreement with China and this came to be a fruitful trade partner as well. As one can see, Peru is a fertile land with much of it’s exports coming from a rich culture of cultivation and agriculture; Asparagus is the main product that helped Peru become primary trading partners with the United States and China as well as a financial powerhouse in the world market because of a political effort to trade with bigger markets, innovative irrigation methods and a commitment to fresh goods.
As a consumer on the ground level of finances, one’s perception of what Peru exports to other countries can appear to be very limited. Since Peru is a country of culture, festivities and farming, one would assume most of what Peru exports is electronic or consumer goods like clothing, brand name items and cell-phones but the main good is Asparagus because of the many agricultural factors in Peru that led to it’s growth, despite it being a complicated crop to grow. Asparagus is a perennial plant which belongs to the lily family. The first harvest is usually two to three years after p...

... middle of paper ...

...ducation & Work 21.1 (2008): 1-23. Academic Search Premier. Web. 26 Mar. 2014.
Luxner, Larry. "Peru Scores Success With Asparagus Exports." Americas 46.5 (1994): 3. Academic Search Premier. Web. 26 Mar. 2014.
"Peru." New Internationalist 458 (2012): 26-27. Academic Search Premier. Web. 26 Mar. 2014.
O'Connor, Ernesto A. "Trade With China And Strategy In South American Recent Economic Development." Brazilian Journal Of Political Economy / Revista De Economia Política 32.3 (2012): 513-526. Academic Search Premier. Web. 26 Mar. 2014.
Ferrier, Peyton, and Chen Zhen. "The producer welfare effects of trade liberalization when goods are perishable and habit-forming: the case of asparagus." Agricultural Economics 45.2 (2014): 129+. Academic OneFile. Web. 26 Mar. 2014.
Belcsák, Hans. "Hot Spots: Peru." Business Credit 112.9 (2010): 48. MasterFILE Complete. Web. 26 Mar. 2014.

Open Document