Ecuador and Peru: Competing Strategies of Economic Growth

Publication Date: January 1987

Publisher: Heritage Foundation (Washington, D.C.)

Author(s): Paul R. Wisgerhof

Research Area: Economics

Keywords: Latin American

Type: Report

Coverage: Ecuador Peru

Abstract:

Ecuador's free market gains should be teaching a lesson to Peru. That country cannot expect to enjoy economic growth so long as state control and import substitution remain the basis of its economic strategy. While it may be difficult to convince Garcia of this, other Peruvian leaders may be willing to reassess the disastrous Garcia policies. At the same time, Garcia's efforts to fight the drug mafia must be encouraged and supported by the U.S.