After his second five-year term as president, Alan García will return to civilian life on Thursday. During his tenure, García has led a country experiencing great change, with unprecedented economic growth and, simultaneously, signficant challenges. It has been an interesting five years, and opinions about García’s management fall across a wide spectrum. On this, García’s last full day in office, we look back at the highs and lows of his tenure.
During García’s term in office, Peru’s economy grew as fast as just about any in the world. It peaked in 2010, when the economy grew at nearly 9%. The engines driving the growth were high prices for Peru’s mineral exports and skyrocketing foreign investment, but everything from tourism to retail grew during García’s second administration.
- Ideal work from home with somewhat flexible hours...[Read more]