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Economic Liberalism in Peru

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  • Patricia Saenz-Armstrong

Abstract

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.

Suggested Citation

  • Patricia Saenz-Armstrong, 2018. "Economic Liberalism in Peru," Econ Journal Watch, Econ Journal Watch, vol. 15(2), pages 179–200-1, May.
  • Handle: RePEc:ejw:journl:v:15:y:2018:i:2:p:179-200
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    References listed on IDEAS

    as
    1. Andrés Marroquín & Fritz Thomas, 2015. "Classical Liberalism in Guatemala," Econ Journal Watch, Econ Journal Watch, vol. 12(3), pages 460–478-4, September.
    2. Pedro Romero & Fergus Hodgson & María Paz Gómez, 2018. "Liberalism in Ecuador," Econ Journal Watch, Econ Journal Watch, vol. 15(1), pages 105–128-1, January.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Jose Manuel Rodriguez; Mario Vargas Llosa; Hernando De Soto; Alberto Fujimori;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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