On Wednesday renowned American economist  Michael Porter met with Peruvian President Ollanta Humala.

During the meeting Porter and Humala talked about Peru’s future development and the possibility of Peru becoming a “true star” of economic growth with social inclusion.

"Peru has a great chance to be a global leader in economic growth," Porter said.

He said that the country has made great progress in competitiveness over the past 10 years, "but, I think Peru now has a chance to take a great leap forward."

Porter, a professor at the Harvard Business School, said that Peru has an opportunity to combine social development and social inclusion with economic development, and put these concepts together rather than separate.

He also commented that he felt President Humala had "deep convictions" regarding development and social inclusion, which could create a new kind of relationship between the business community and government in Peru.

He said that his visit to Peru was focused on talking with the private sector and business leaders on the role they need to play: "a more important role in social development and not pure economic development."

According to Andina, Porter also noted that there is an opportunity for companies in the country to implement "shared values", where businesses can grow while including society, and reducing poverty.

"But for that to happen, Peru has to become more competitive and allow the private sector to grow faster," he said.