Roubini: 'Peru must diversify its Economy Gradually' | NOURIEL ROUBINI BLOG

Tuesday, March 25, 2014

Roubini: 'Peru must diversify its Economy Gradually'

(Summarily Translated from Spanish @ http://peru21.pe/economia/nouriel-roubini-peru-diversificar-su-economia-gradualmente-2172837)
Famed international economist who predicted the 2008 crisis also recommended to Peru to focus on education and infrastructure.
Nouriel Roubini, known to the world as Dr. Doom for his pessimistic predictions about the global economy, our country has a different , more positive view . Think we are doing things right , but to be considered and start to diversify the economy to avoid falling into the trap of income.
The Turkish economist , doctor in this specialty from the University of Harvard , said this morning during a discussion organized by the University of the Pacific, Peru has grown 6.5 % in the last ten years and has had a good fiscal and monetary management .
However , he said that on the basis of natural resources should gradually head toward diversification . Opportunity in other sectors there is the case of agriculture or fishing , as it has done Chile and gastronomy and especially tourism, Roubini said after commenting that has been in " Inca sites " in Cusco , so you know it.

Nouriel Roubini is an American professor of Economics at New York University`s Stern School of Business and chairman of RGE Roubini Global Economics

Nouriel Roubini, (born March 29, 1958, Istanbul, Turkey), Turkish-born American economist and educator who was best known for predicting the 2007–08 subprime mortgage crisis in the United States and the subsequent global financial crisis.

Born to Iranian Jewish parents, Roubini moved with his family to Iran and Israel before they settled in Italy in 1962. After a year at Hebrew University of Jerusalem, he studied economics at Bocconi University in Milan (B.A., 1982) and Harvard University (Ph.D., 1988), where he specialized in macroeconomics and international economics. He joined the economics faculty at Yale University in 1988 and taught there until 1995, when he moved to New York University. He also served as a visiting scholar to the International Monetary Fund (IMF), was a research associate with the National Bureau of Economic Research (NBER), held single-year terms on the White House Council of Economic Advisers (1998–99) and at the U.S. Department of the Treasury (1999–2000), and cofounded (2004) the consulting firm Roubini Global Economics. Roubini spent much of his early career studying countries that experienced extreme economic failures, such as Mexico (in 1994), Thailand and other countries associated with the 1997 Asian financial crisis, Russia (1998), and Argentina (2000). He determined that each shared one common element: a massive current account deficit.(www.britannica.com)

Nouriel Roubini is the Chairman and CEO of Roubini Macro Associates, LLC, his own global macroeconomic consultancy firm. He is also a professor of economics at New York University’s Stern School of Business. Dr. Roubini has extensive policy experience as well as broad academic credentials. From 1998 to 2000, he served as the senior economist for international affairs on the White House Council of Economic Advisors and then the senior advisor to the undersecretary for international affairs at the U.S. Treasury Department, helping to resolve the Asian and global financial crises, among other issues. The International Monetary Fund, the World Bank and numerous other prominent public and private institutions have drawn upon his consulting expertise.