Asuncion vs Lima

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Asunción (UK: , US: , Spanish: [asunˈsjon]) is the capital and largest city of Paraguay. The city is located on the left bank of the Paraguay River, almost at the confluence of this river with the River Pilcomayo, on the South American continent. The Paraguay River and the Bay of Asunción in the northwest separate the city from the Occidental Region of Paraguay and Argentina in the south part of the city. The rest of the city is surrounded by the Central Department. The city is an autonomous capital district, not a part of any department. The metropolitan area, called Gran Asunción, includes the cities of San Lorenzo, Fernando de la Mora, Lambaré, Luque, Mariano Roque Alonso, Ñemby, San Antonio, Limpio, Capiatá and Villa Elisa, which are part of the Central Department. The Asunción metropolitan area has around two million inhabitants. The Municipality of Asunción is listed on the Asunción Stock Exchange, as BVPASA: MUA.

Asunción is one of the oldest cities in South America and the longest continually inhabited area in the Río de la Plata Basin; for this reason it is known as "the Mother of Cities". From Asunción the colonial expeditions departed to found other cities, including the second foundation of Buenos Aires and other important cities such as Villarrica, Corrientes, Santa Fe and Santa Cruz de la Sierra. Asunción is considered a "Gamma - City" by the Globalization and World Cities Research Network. It is the home of the national government, principal port, and the chief industrial and cultural center of the country. Near Asunción are the headquarters of the CONMEBOL, the continental governing body of association football in South America. Asunción is said to be one of the cheapest cities in the world for foreign visitors.

Source: Wikipedia

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Lima ( LEE-mə; Spanish pronunciation: [ˈlima]) is the capital and the largest city of Peru. It is located in the valleys of the Chillón, Rímac and Lurín rivers, in the central coastal part of the country, overlooking the Pacific Ocean. Together with the seaport of Callao, it forms a contiguous urban area known as the Lima Metropolitan Area. With a population of almost 9 million, Lima is the third largest city in the Americas, after São Paulo and Mexico City. Lima was named by natives in the agricultural region known by native Peruvians as Limaq. It became the capital and most important city in the Viceroyalty of Peru. Following the Peruvian War of Independence, it became the capital of the Republic of Peru (República del Perú). Around one-third of the national population lives in the metropolitan area. Lima is home to one of the oldest institutions of higher learning in the New World. The National University of San Marcos, founded on 12 May 1551, during the Viceroyalty of Peru, is the first officially established and the oldest continuously functioning university in the Americas.

Nowadays the city is considered to be the political, cultural, financial and commercial center of the country. Internationally, it is one of the thirty most populated urban agglomerations in the world. Due to its geostrategic importance, it has been defined as a "beta" city. Jurisdictionally, the metropolis extends mainly within the province of Lima and in a smaller portion, to the west, within the constitutional province of Callao, where the seaport and the Jorge Chávez airport are located. Both provinces have regional autonomy since 2002. In October 2013, Lima was chosen to host the 2019 Pan American Games; these games were held at venues in and around Lima, and were the largest sporting event ever hosted by the country. It also hosted the APEC Meetings of 2008 and 2016, the Annual Meetings of the International Monetary Fund and the World Bank Group in October 2015, the United Nations Climate Change Conference in December 2014, and the Miss Universe 1982 contest.

Source: Wikipedia