In the postwar period Peru developed under the import substitution model. In the 1970's a significant some of money was spent on imported weaponry which led to debt payment problems further on. Peru suffered a sharp contraction in 1982, coinciding with the Latin American debt crisis, and in 1985 Alan Garcia was elected President. Garcia instituted drastic measures to reform the economy, including limiting external debt payments to 10% of export earnings, which meant that technically Peru was in default.
His term ended in 1990 with the economy in severe contraction and suffering hyperinflation. Peru had become, in effect, a failed state. Garcia was succeeded by Fujimori who reverted to more orthodox economic management. He managed to get the State deficit under control and brought inflation down to single digits. Growth during his first five year term was patchy but was much better during his second term.
Peru, since the turn of the Millennium, is a much better run country than it was in the past. Growth has been steady, exports have expanded considerably and diversified and economic marginalisation has been reduced. In addition, the rebel Shining Path movement has ceased to be a threat.
Contents
Introduction
The Modern Period
The Current Era
The Modern State
Economics from the Ground Up
Political Systems
Trade Theory
The EU as a Model of Integration
Industrialisation
Synopsis
Data
World GDP 2018
World GDP PPP 2018
GDP per capita ppp 2018
Exports & Imports 2018
Container Traffic 2010 & 2018
Oil Production 2018
Migrant Remittances 2018
Tourism Statistics 2017
Tourism Americas 2017
Latin America
Background
The US and Latin America
Economy
The EU and Latin America
Mercosur
World Exports 2000-2018
Peru
Introduction
Political System - Post 1945
History of Governments in Peru
1970’s & 1980’s
Fujimori
The Peruvian Economy Today
Current Issues
Charts & Chart Commentary
Sources
70 pages
Peru 2020
- Product Code: ISSN 2014-5063 (2020) No 18
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