Figure 1. Peru 1960-2000: Diverging Paths of Real Wages and Exports

NB. The export figures in this draft are, provisionally, in current US dollars, which exaggerates the visual effect.

Sources: Real Wages: Roca, Santiago & Luis Simabuco, ‘Natural Resources, Industrialisation and Fluctuating Standards of Living in Peru, 1950–1997: A Case Study of Activity-Specific Economic Growth’, in Reinert, Erik S., Globalization, Economic >Development and Inequality: An Alternative Perspective, Cheltenham, Edward Elgar, >2004. Exports: Webb, Richard & Graciela Fernández Baca, Perú en Números, Lima, Instituto Cuanto, 2001.