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A Will in Search of a Way: Philanthropy in Education in Peru

Author

Listed:
  • Leon, Vicente
  • Bird, Matthew

Abstract

As Latin America’s fastest growing economy since 2001, Peru is now an upper middle-income country. However, its human development and education indices have not improved in parallel with per capita income. With overseas development assistance (ODA) shifting resources outside Peru due to the country’s upper middle-income status, local philanthropists sought to fill the social investment gap. Which philanthropic and social investment models are emerging in Peru, and what lessons do they offer for other countries caught in the middle-income trap? We base our responses on an original quantitative and qualitative survey of 157 philanthropic organisations in Peru’s 10 largest cities. Given the size of philanthropic spending relative to the country’s public education budget, the ability to strategically leverage investments becomes even more critical to generate impact at scale.

Suggested Citation

  • Leon, Vicente & Bird, Matthew, 2018. "A Will in Search of a Way: Philanthropy in Education in Peru," MPRA Paper 92381, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:92381
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    File URL: https://mpra.ub.uni-muenchen.de/92381/1/MPRA_paper_92381.pdf
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    References listed on IDEAS

    as
    1. World Bank, 2018. "World Development Report 2018 [Rapport sur le développement dans le monde 2018]," World Bank Publications - Books, The World Bank Group, number 28340, December.
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    More about this item

    Keywords

    Philanthropy; Social investment; Education; Middle-income; Peru;
    All these keywords.

    JEL classification:

    • N3 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy

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