Peru's economic growth allows to invest in high-level education

Distinguished professor of Technological Innovation and Entrepreneurship of the Massachusetts Institute of Technology (MIT), Scott Stern. Photo: ANDINA/Luis Iparraguirre

Peru's growth experienced over recent years allows the country to invest in high-level education and technology transfer, key factors that stimulate economic expansion, the distinguished professor of Technological Innovation and Entrepreneurship and Strategic Management at Massachusetts Institute of Technology (MIT) Scott Stern said Thursday.

"Peru has been blessed with a decade of striking economic growth, which let the country to raise the standard of living and reduce poverty levels; however, there is still much work to do. It's necessary to further invest in education," he said in statements to Andina.

The professor remarked that Peru's investment in education is below the levels of its neighbors in the region and far below the levels of Southeast Asia and India.

He added that the Andean nation should develop an innovation agenda to consolidate economic growth.

Moreover, Stern noted it is not only necessary to invest in resources but that investment should be made properly and with priorities. (Andina)