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Elmer Cuba, economist and director of the Central Reserve Bank of Peru (BCRP), said the regulation of competition in various economic sectors would allow for better economic growth.
"Concentration is the enemy of the contest, is the enemy of growth. We must see that in all sectors, there is no abuse of monopoly power, because it does not kill the consumer, but the little businessman who wants to emerge. They do not leave because the market is clogged, "he said in a conversation with La República.
As part of the annual Leadership Conference (CADE 2018), the economist said that "the countries that have managed to solve this problem have resisted better". However, he indicated that the solution was to identify market conditions allowing the entry of more than competitors.
In addition, he mentioned the Peruvian economic scenario that is beginning to suffer the effects of the global economic crisis. protectionist policies in the world because of the trade war between United States and China. For Cuba, despite the negative effects, the Peruvian economy remains promising.
"The Quellaveco mine is capable of producing one dollar per pound and the price (copper) is now US $ 2.80." Peru is so strong in mining that it can bear low prices be more expensive because there would be more taxes at the to rent and more cannon, "he added.
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