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CONCEPTUAL MAP HISTORY - Coggle Diagram

- - - - Hyperinflation: 2,178,482% by the end of the term (BCRP data).
      - Economic crisis due to overprinting money, subsidies, and fiscal deficit.
      - Rapid price increases, lack of reserves, and currency devaluation
      - Attempt to stabilize prices through ineffective measures:
        
        Subsidies for essential goods and fuel.
        
        Salary increases but without real economic backing.
        
        Devaluation of the inti (e.g., 24% in 1987).
    - - Statization of Banks: Aimed to "democratize" credit but failed.
      - Shock Plan (1988): Intended to curb hyperinflation but worsened the crisis.
    - - Listed among the worst hyperinflation cases in Latin America (e.g., alongside Venezuela, Bolivia).
  - - - Focused on foreign and local investment and global trade.
      - Promoted and signed multiple Free Trade Agreements (FTAs):
        
        Key partners: USA, China, EU, Chile, Canada, South Korea.
      - Boom in Exports: Traditional and non-traditional products prospered.
      - Economic Growth:
        
        GDP growth average: 7.2% over 5 years.
        
        Peak years: ~9% annual GDP growth (2007-2008).
      - Reserves grew to US$ 47,059 million (BCR).
    - - Poverty reduction: 49% (2006) → 27.8% (2011).
    - - Numerous socio-environmental conflicts:
        
        Linked to mining, hydrocarbon, and electricity projects in rural areas.
- - - - Power concentration
      - Exploitation of resources by corrupt practices
    - - Corruption embedded in governance
      - Economic structure under spanish rule
    - - Corruption remains systematic across political and economical domains