Peru 's Political, Economic, And Cultural System And Risk Involved Essay

Peru 's Political, Economic, And Cultural System And Risk Involved Essay

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This paper will analyze and examine Peru’s political, legal, economic, and cultural system and risk involved. Furthermore, I will discuss the challenges and opportunities of doing business in Peru. Lastly, I will market a product to enter Peru and consider the opportunities for this product to succeed. 
 Peru 's political system is a constitutional republic with a multi-party system. The government consists of three branches; executive, legislative, and judicial. In the executive branch there is a president and two vice presidents. The president is the head of state and government. A president is elected by popular vote for a five-year term in addition to eligibility for nonconsecutive terms (IBP, Inc. 13). Additionally, the president appoints the council of ministers in Peru, and there are eighteen different miseries such as environment, defense, as well as education (Honda 33). The legislative branch is made up of one hundred and thirty members of Congress to serve a five-year term. The members of Congress are elected jointly with the president. Finally, the judicial branch is represented by the Supreme Court of Justice (Honda 33). It follows the Constitution and local laws. It is important to note that the judicial branch is independent of the executive and legislative branch.
Peru has a multi-party system which means more than two political parties have a chance to win the election. The most popular political parties are Peru Wins, Force 2011, Electoral Alliance Possible Peru, Alliance for the Great Change, and National Solidarity Alliance (“Peru Government and Politics”). Peru Wins is managed by the Peruvian Nationalist Party which is a left-wing political party. Force 2011 is a conservative right-wing Fujimorista politica...

... middle of paper ...

...t values in society are caring for others and quality of life.”. Then, Peru scored an eighty-seven for uncertainty avoidance. Uncertainty avoidance explains if a community likes an unstructured or structured environment Next, long-term orientation with a score of twenty-five. Long term orientation involves virtues directed toward the future, one’s values consist of persistence, perseverance, and being able to adapt. Finally, indulgence with a score of forty-six. “Indulgence stands for a society that allows relatively free gratification of basic and natural human drives related to enjoying life and having fun.” ("Geert Hofstede”). Peru is considered to be restraint because it is regulated by strict social norms.
Business should be aware of corruption in Peru’s political system. Notably, from members of judiciary branch which include the courts and law enforcement.

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