Analisis of Peru political, governmental and economical system Essay

Analisis of Peru political, governmental and economical system - Essay Example World Bank has ranked Peru as upper middle income, and also it is the 40th largest in the world by the total GDP. In the year 2012 Peru was the one of the world's rapid-growing economies with the GDP growth rate of 6.3%.Presently it has a high human development index of 0.741 and per capita GDP above $12,000 by Purchasing power parity (PPP). The election in Peru’s members of the Regional Council, comprise the President and Vice-President, is consecutively held by direct suffrage for a phase of four years. They can't reassign their offices, but it can be revoked. Peru is a presidential democratic republic with a multi-party system. In the present constitution, the President is both the head of state and government; he or she is elected for one term that is five years and is not allowed to seek abrupt re-election, he or she must step down for at least one full constitutional term before being re-elected. The President can be in the office for a five-year term . Bills may be proposed by the executive or the legislative branch; they are assented law after they are passed by Congress and publicized by the President. Executive power is managed by the government. Legislative power is secured in both the government and the Congress In Peru the head of state, as well as the legislature, are directly elected by the people. The president is elected to rule the country for a five-year term. The Congress has 130 members, all elected for a term of five years by proportional representation.