By Luna Arthur
Ex Aula Research Journal
Economic Reform in Countries of the Global South: The Peruvian Experience
In the year 1990, Peru seemed a country in the brink of collapse. The Andean nation had gone through decades of successive ideologically-opposed governments that enacted incoherent social and economic policies. The country was battling with one of the world’s highest hyperinflations (7,650%). It also faced a crisis of representation: political parties had lost the trust of the majority of the population. Democracy was also threated by an internal armed conflict, in which the state was battling two sanguinary terrorist groups. The Peruvian Truth Commission estimates the death toll of this conflict at approximately 70,000 people.