Editing Economy of Peru (section)

==== Fujimori government ====
{{Further|Plan Verde}}{{Main|Economic policy of the Alberto Fujimori administration}}
During his campaigning for the 1990 election, [[Alberto Fujimori]] expressed concern against the proposed neoliberal policies of his opponent [[Mario Vargas Llosa]].<ref>{{cite web|date=14 April 1990|title=La frugalidad de "Cambio 90" y el derroche de Fredemo|url=http://www.proceso.com.mx/154825/la-frugalidad-de-cambio-90-y-el-derroche-de-fredemo|access-date=27 December 2017|publisher=El Proceso|language=es|archive-date=20 September 2018|archive-url=https://web.archive.org/web/20180920122715/https://www.proceso.com.mx/154825/la-frugalidad-de-cambio-90-y-el-derroche-de-fredemo|url-status=dead}}</ref> Peruvian magazine ''[[Oiga (magazine)|Oiga]]'' reported that following the election, the armed forces were unsure of Fujimori's willingness to fulfill their objectives outlined in Plan Verde and it was reported that the meeting held a negotiatory meeting with him to ensure that Fujimori followed their direction.<ref name="PV" /><ref>{{Cite book|last=Rospigliosi|first=Fernando|title=Las Fuerzas Armadas y el 5 de abril: la percepción de la amenaza subversiva como una motivación golpista|publisher=Instituto de Estudios Peruanos|year=1996|location=Lima, Peru|pages=28–40}}</ref> After taking office, Fujimori abandoned the economic platform he promoted during his campaign, adopting more aggressive neoliberal policies than those espoused by Vargas Llosa, his competitor in the election.<ref name="gouge32">Gouge, Thomas. ''Exodus from Capitalism: The End of Inflation and Debt''. 2003, page 363.</ref> Fujimori would go on to adopt many of the policies outlined in Plan Verde.<ref name="Alfredo" /><ref name="DI" /> Fujimori ultimately served as president from 28 July 1990 to 17 November 2000.

Fujimori is often credited with defeating the [[Shining Path]] terrorist group in Peru and restoring its [[Macroeconomics|macroeconomic]] stability.<ref>Fox, Elizabeth, and Fox, de Cardona and Waisbord, Silvio Ricardo. ''Latin Politics, Global Media''. 2002, p. 154</ref><ref>Hough, Peter. ''Understanding Global Security''. 2008, pp. 79–80</ref><ref>{{Cite news|date=8 December 2007|title=Ex-President's Trial a Moment of Truth|work=Fox News|url=http://www.foxnews.com/printer_friendly_wires/2007Dec09/0,4675,PeruFujimoriTrial,00.html}}</ref><ref>[http://news.bbc.co.uk/1/hi/world/americas/705482.stm Fujimori's controversial career], BBC News, 18 September 2000. Retrieved 4 November 2006.</ref> Fujimori's economic policy was largely adopted from the advice of Peruvian economist [[Hernando de Soto (economist)|Hernando de Soto]], who prescribed economic guidelines – including the loosening of [[economic regulation]], the introduction of [[austerity]] measures and the use of neoliberal policies – that were ultimately adopted by the Fujimori administration and established in the [[Constitution of Peru|1993 Constitution of Peru]].<ref>{{Cite web|last=Burt|first=Jo-Marie|date=25 September 2007|title=Peru: Facade of Democracy Crumbles|url=https://nacla.org/article/peru-facade-democracy-crumbles|access-date=11 December 2020|website=[[NACLA]]|language=en|archive-date=9 September 2020|archive-url=https://web.archive.org/web/20200909193844/https://nacla.org/article/peru-facade-democracy-crumbles|url-status=dead}}</ref><ref>{{Cite news|last1=Brooke|first1=James|date=27 November 1990|title=A Peruvian Is Laying Out Another Path|language=en-US|work=The New York Times|url=https://www.nytimes.com/1990/11/27/world/a-peruvian-is-laying-out-another-path.html|access-date=26 September 2020|issn=0362-4331}}</ref><ref>{{cite book|last1=Stokes|first1=Susan|title=Are Parties What's Wrong with Democracy in Latin America?|year=1997 |citeseerx=10.1.1.569.1490}}</ref><ref>{{Cite web|last=Borda|first=Luis|date=8 May 2016|title=Hernando de Soto: "Alberto Fujimori fue víctima de la seducción de Montesinos"|url=https://rpp.pe/politica/elecciones/hernando-de-soto-alberto-fujimori-fue-victima-de-la-seduccion-de-montesinos-noticia-960476|access-date=11 December 2020|website=[[RPP (Peru)]]|language=es}}</ref> Although economic statistics show improved economic data in Peru in recent decades, the wealth earned between 1990 and 2020 was not distributed throughout the country; living standards showed disparities between the more-developed capital city of Lima and similar coastal regions while rural provinces remained impoverished.<ref>{{Cite web |date=3 June 2021 |title=Buenos Aires Times {{!}} Inequality fuels rural teacher's unlikely bid to upend Peru |url=https://batimes.com.ar/news/latin-america/inequality-fuels-a-rural-teachers-unlikely-bid-to-upend-peru.phtml |url-status=live |archive-url=https://web.archive.org/web/20210604101055/https://batimes.com.ar/news/latin-america/inequality-fuels-a-rural-teachers-unlikely-bid-to-upend-peru.phtml |archive-date=4 June 2021 |access-date=4 June 2021 |website=[[Buenos Aires Times]] |publisher=[[Bloomberg.com|Bloomberg]]}}</ref><ref>{{Cite web |last=O’Boyle |first=Brendan |date=3 May 2021 |title=Pedro Castillo and the 500-Year-Old Lima vs Rural Divide |url=https://www.americasquarterly.org/article/pedro-castillo-and-the-500-year-old-lima-vs-rural-divide/ |url-status=live |archive-url=https://web.archive.org/web/20210603100944/https://www.americasquarterly.org/article/pedro-castillo-and-the-500-year-old-lima-vs-rural-divide/ |archive-date=3 June 2021 |access-date=3 June 2021 |website=[[Americas Quarterly]] |language=en-US}}</ref>