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Alan Garcia must realise Peru’s 54% poor can’t live better just on his rants
For some time now, the United States has been so preoccupied with its war on terror that it hasn’t paid attention to the rise of anti-Americanism closer home in the Americas. But, though it did virtually nothing, the US has something to smile about in Peru.
Alan Garcia returned as Peru’s President on June 5, 2006, defeating the strongly anti-US Ollanta Humala, who was backed by Venezuela’s Hugo Chavez. Garcia is moderately left -leaning and not expected to be critical of the US when Peru and the US are slated to act on their Free Trade Agreement(FTA) this year.
Garcia’s previous presidency between 1985 and 1990 was marked by hyperinflation and a bloody insurgency by guerrillas of the Shining Path, an ultra-left Marxist group. In his campaign this time, Garcia claimed he had learnt his lessons. “Do you think I want my tombstone to read, ‘He was so stupid that he made the same mistakes twice’?” he asked reporters. So Garcia promised free markets, the fallout of the policies initiated by his predecessor Alejandro Toledo. Garcia lost the 2001 election to Toledo, and says he is now looking to carefully globalise Peru’s economy.
This goes against what is advocated by Evo Morales in Bolivia and Chavez in Venezuela. After his victory, García told supporters in Lima, “The only person defeated today was Hugo Chávez. He thought he could dominate us, but we’ve ensured the independence of Peru.”
Of course, Garcia must realise that pointless balderdash comments will not be enough to improve Peru, which has close to 28,000,000 people, of whom 54% live below the poverty line. Peru’s external debt was $30.18 billion in June 2005. In Peru’s capital Lima, 8.7% have no jobs and the figure is spreading fast elsewhere in the country. Rather than continuing his rants, Garcia must get down to ensure that free markets don’t mean making the rich richer, but rather contribute to the bottom majority of destitute.
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Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri
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Alan Garcia must realise Peru’s 54% poor can’t live better just on his rants
For some time now, the United States has been so preoccupied with its war on terror that it hasn’t paid attention to the rise of anti-Americanism closer home in the Americas. But, though it did virtually nothing, the US has something to smile about in Peru.
Alan Garcia returned as Peru’s President on June 5, 2006, defeating the strongly anti-US Ollanta Humala, who was backed by Venezuela’s Hugo Chavez. Garcia is moderately left -leaning and not expected to be critical of the US when Peru and the US are slated to act on their Free Trade Agreement(FTA) this year.Garcia’s previous presidency between 1985 and 1990 was marked by hyperinflation and a bloody insurgency by guerrillas of the Shining Path, an ultra-left Marxist group. In his campaign this time, Garcia claimed he had learnt his lessons. “Do you think I want my tombstone to read, ‘He was so stupid that he made the same mistakes twice’?” he asked reporters. So Garcia promised free markets, the fallout of the policies initiated by his predecessor Alejandro Toledo. Garcia lost the 2001 election to Toledo, and says he is now looking to carefully globalise Peru’s economy.
This goes against what is advocated by Evo Morales in Bolivia and Chavez in Venezuela. After his victory, García told supporters in Lima, “The only person defeated today was Hugo Chávez. He thought he could dominate us, but we’ve ensured the independence of Peru.”
Of course, Garcia must realise that pointless balderdash comments will not be enough to improve Peru, which has close to 28,000,000 people, of whom 54% live below the poverty line. Peru’s external debt was $30.18 billion in June 2005. In Peru’s capital Lima, 8.7% have no jobs and the figure is spreading fast elsewhere in the country. Rather than continuing his rants, Garcia must get down to ensure that free markets don’t mean making the rich richer, but rather contribute to the bottom majority of destitute.
For Complete IIPM Article, Click here
Source : IIPM Editorial, 2006, Editor - Prof. Arindam Chaudhuri
For More IIPM Info, Visit below...
IIPM Education ! Best B-School ! Management B-School ! IIPM India !
