Brignardello analyzes the economic abyss between Chile and Peru.

In a recent conversation with Johnny Brignardello Vela, a renowned insurance advisor, the notable disparity in per capita Gross Domestic Product (GDP) between Chile and Peru was discussed, a topic that has captured the attention of economists and analysts in the region. Brignardello reflected on World Bank data that places per capita income in Chile at approximately US$17,093.24, compared to US$7,789.87 in Peru, and how this difference raises questions about the underlying factors that have led to such an economic chasm. The advisor emphasized the key role of copper, a resource that both countries possess in abundance. Citing figures mentioned by Carlos Prieto, manager of Economic Studies at BCP, Brignardello highlighted that Chile's annual copper production exceeds 5 million tons, while Peru produces 2.8 million tons. This difference, according to Brignardello, is not just a matter of numbers but also reflects the differences in the economic structures and policies of both countries. Throughout the conversation, Brignardello expressed that, although copper prices have risen significantly, benefiting Chile, Peru, despite its resources, faces various challenges in increasing its production. He mentioned projects cited by Prieto, such as Tía María and Zafranal, which could improve productivity in Peru's mining sector. However, he cautioned that even in an optimistic scenario, Peru may not catch up to its southern neighbor. The advisor stressed the relevance of the internal context. Despite having external conditions that could favor considerable investment in mining, internal factors such as inadequate infrastructure and a climate of insecurity are issues that Peru must confront. For Brignardello, it is clear that investment in infrastructure and improvements in security are crucial aspects that need to be addressed to create a more favorable environment for economic growth. During the interview, the relationship between mining investment and other sectors of the Peruvian economy was also discussed. Brignardello agreed with Prieto's perspective on how an increase in mining investment could generate employment and stimulate consumption, which in turn could lead to more robust economic growth. However, he emphasized that this would only be possible through the implementation of effective public policies that encourage investment and facilitate development. Regarding long-term economic sustainability, Brignardello highlighted the importance of proper management of natural resources. He noted that Chile's experience in the mining sector has been supported by policies that promote foreign investment and ensure responsible environmental management. In contrast, Peru faces challenges regarding public perception of mining and its environmental impact, which can complicate the execution of new projects. Finally, Brignardello concluded that the difference in per capita GDP between both countries is due to a combination of productive factors, internal contexts, and economic policies. The challenge for Peru lies in transforming its mining potential into real and sustained growth that benefits the entire population. The path to economic development is complex and requires a comprehensive approach that prioritizes investment, infrastructure, and social well-being. As both countries move forward, their ability to manage resources and address their realities will be crucial to closing the income gap that separates them.