The objective of this study is to evaluate the importance of unemployment in Peru from the perspective of the so-called "Okun's Law", reviewing the effectiveness of economic policies and the legal framework and institutional arrangements in force in Peru in the labor market. The research aims to evaluate the scope of the so-called "structural adjustment", initiated in the 1990s, from the point of view of workers' employability and, above all, its impact on GDP growth. The latter is relevant because it involves the quality of life of the population (and the efforts to fight poverty), which strongly depend on the potential employability of workers.

The problem of state failure has become a recurrent phenomenon in much of the world and particularly in Latin America. The failures involve situations ranging from the implementation of populist policies, bureaucratization of governments, saturation of the supply of public goods, recurrent tendency to tax evasion, legal and political favoritism directed at pressure groups and corruption (of officials and politicians), among others. The alternative solutions have always revolved around the search for politicians and bureaucrats with leadership capacity and supposedly incorruptible, but in practice, this effort is not usually effective according to voters' expectations, because the failures of the State, although they can be minimized, never disappear. It can be said, then, that the failures of the State (whether in a democratic or totalitarian framework) are intrinsic to it because the co...

It is known that over long periods GDP growth, even at small annual rates, could have a significant effect on the standard of living of a population. For example, a GDP growth rate in the order of 2.5% per year would lead to a doubling of GDP in about 30 years, while a growth rate of 8% per year (as has been observed in certain Asian countries) would lead to the same doubling but over a period of only 10 years. Unfortunately, these measures are only relative because, when the population increases, improvements in the standard of living would only be possible if GDP grows faster than the population itself. This helps to understand why there are such different rates of economic growth in many regions of the world.