1. Peru: What a place
... He announced that debt service would be limited to ten percent of the export earnings. The first two years of Garcia's running showed economic growth and reduced inflation. However, by 1988 the economy had collapsed and high inflation had turned into hyperinflation. Wages and salaries did not keep up with the inflation of prices and declined drastically. In the 1990 election Alberto Fujimori was elected ... active for a little while, but the capture of its leaders left the group in excruciating worry. The arrest helped Peru's economy begin a climb back up to stability. Confidence return...
- Word Count: 4799
- Approx Pages: 19
- Grade Level: High School