Economic Liberalism in Peru

Economic liberalism has not developed as a strong or widespread line of thought in Peru. Yet over the long run, Peru has moved towards greater economic freedom. After decades of roller-coastering through socialism, populism, and a terrible episode of hyperinflation, Peru has put in place certain ele...

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Bibliographic Details
Published inEcon journal watch Vol. 15; no. 2; p. 179
Main Author Saenz-Armstrong, Patricia
Format Journal Article
LanguageEnglish
Published Fairfax Fraser Institute 01.05.2018
Subjects
Liberalism
Transition economies
Peru
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Summary:Economic liberalism has not developed as a strong or widespread line of thought in Peru. Yet over the long run, Peru has moved towards greater economic freedom. After decades of roller-coastering through socialism, populism, and a terrible episode of hyperinflation, Peru has put in place certain elements that help to ensure a path towards a freer and more secure market economy. However, a weak and often corrupt political class, an undereducated population, and incomplete institutional reforms remain as challenges to the consolidation of economic liberalism in Peru.
ISSN:1933-527X