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The First Government of Alan García, Causes, Effects, "Anti…

- - - - Increase in prices
        
        Electricity (+12%)
        
        Food
        
        Gasoline (+30%)
        
        Crisis and Economic Recession were apparent
        
        García resorted to external loans
        
        Economic shock announced (06/09/1988)
        
        Plan Zero
        
        Turned inflation into hyperinflation (114%)
        
        Nationalize the bank
      - More money printing
      - Subsidies
      - Inti devaluation (24%)
      - Wage increase
  - - - 2.178.482% inflation
    - - 18%
    - - International companies did not desired to invest in Peru as the money was too devalued
- - - - Inherited significant external debt from previous governments.
        
        Global debt crisis in the 1980s, especially in Latin America.
- - - - was called Civil-military patronage
      - Major corruption case: It was evidenced in the massive cases of bribery or bribery to facilitate large-scale smuggling acts within high rank officers of the "Marina de Guerra del Perú"
        
        The next military government, instead of continuing the investigations of corruption, they covered the guilty officers with A cloak of impunity.
        
        According to Héctor Vargas Haya, this Coup was made with the intention of covering the evidence of the participation of military on this corruption cases and the guilt of General Velasco in the covering of these practices.
    - - Dictatorial context and authoritarian governmental regime.
      - High concentration quotes of power
      - Weak structure in the corruption control institutes
    - - Rescue from: the report from the lieutenants Antonio de Ulloa and Jorge Juan (1746)
        
        Evaluation of the estate of the Administration of the Viceroyalty of Peru
        
        The viceroy colluded with many local groups of interest with the aim of keep his authority.
        
        He gave political advantages to some and private profits
        
        They granted vacant positions and imposed biased court rulings
      - this has repeated even in the They granted vacant positions and imposed biased court rulings
        
        Ex: the general Gammarra, in 1829, assigned to his “trusted officers” major works and higher ranks, which was a clear sign of favoritism and corruption.