Competition Law and Policy in Latin America: Peer Reviews of Argentina, Brazil, Chile, Mexico and Peru: Peru
Peru is a developing country with a history of protectionism, "import substitution," and substantial governmental involvement in the economy. These precluded sustained economic growth by cutting off foreign investment while wasting its own resources by subsidising inefficiency. By the late 1980s, Peru had a rapidly declining GDP and a four‐digit inflation rate.
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Document Type: Review Article
Publication date: October 1, 2006