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Peru's Path to Recovery: A Plan for Economic Stabilization and Growth
Paperback
EconomicsGeneral World History
ISBN13: 9780815769132
Publisher: Brookings Institution Press
Published: Dec 1 1991
Pages: 354
Weight: 1.03
Height: 0.95 Width: 6.01 Depth: 8.98
Language: English
For the past fifteen years Peru has suffered a profound and lasting economic crisis that threatens the stability of the country's fragile democratic system. Economic mismanagement has led to plummeting per capita income, accelerating inflation--an annualized rate of nearly 3,000 percent by 1989--and widespread social upheaval. This study by experts in the United States and Latin America offers a coherent proposal for economic stabilization and structural adjustment to restore economic growth--but growth with equity--to this distressed country.
Peru's Path to Recovery offers an adjustment program that is sound but also is complemented by a social support program to assist the poor - those who have suffered the most from previous disadjustment. This combination makes the program both equitable and politically sustainable. With the inauguration of Alberto Fujimori, Peru has the opportunity to embrace a new economic strategy to stabilize the economy, curtail the extreme poverty, and reduce the massive unemployment and underemployment. Such a course will not be easy: patterns of government, business, and social behavior will have to change. But through such changes Peru can hope to become a stable, thriving country once more.
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