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Don't Miss the Fall Edition of the Mere Orthodoxy Journal

APEC 2008

November 22nd, 2008 | 4 min read

By Tex

Eyes are on Peru this week, and this time they aren’t the ever-watchful eyes of NGOs monitoring fair and just elections, nor are they the eyes of the bulldog military that are constantly on guard against drug trafficking. Peru is striving to enter en force on the international trade scene and, ten years after becoming a member of the Asian Pacific Economic Cooperation (APEC), secured the opportunity to host the 2008 APEC forum. A huge honor for Peru which, when compared with some other APEC member economies like the United States, Japan, and China, is still a relative nobody in the Asian-Pacific economic market. Nonetheless, Lima’s hospitality and show of economic growth (Peruvian GDP is up 9% despite the global financial ills) are a very positive sign for the future of the country and the possibilities the free market holds out for lifting this country from the category of “developing” to “developed” country.

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