Lost Decade may refer to:
The politics of the Republic of Peru takes place in a framework of a unitary semi-presidential representative democratic republic, whereby the President of Peru is both head of state and head of government, and of a pluriform multi-party system. Executive power is exercised by the President and the Government. Legislative power is vested in both the Government and the Congress. The Judiciary is independent of the executive and the legislature. The Economist Intelligence Unit rated Peru a "hybrid regime" in 2022.
The economy of Peru is an emerging, mixed economy characterized by a high level of foreign trade and an upper middle income economy as classified by the World Bank. Peru has the forty-seventh largest economy in the world by total GDP and currently experiences a high human development index. The country was one of the world's fastest-growing economies in 2012, with a GDP growth rate of 6.3%. The economy was expected to increase 9.3% in 2021, in a rebound from the COVID-19 pandemic in Peru. Peru has signed a number of free trade agreements with its main trade partners. China became the nation's largest trading partner following the China–Peru Free Trade Agreement signed on 28 April 2009. Additional free trade agreements have been signed with the United States in 2006, Japan in 2011 and the European Union in 2012. Trade and industry are centralized in Lima while agricultural exports have led to regional development within the nation.
An economic depression is a period of carried long-term economic downturn that is the result of lowered economic activity in one or more major national economies. It is often understood in economics that economic crisis and the following recession that may be named economic depression are part of economic cycles where the slowdown of the economy follows the economic growth and vice versa. It is a result of more severe economic problems or a downturn than the recession itself, which is a slowdown in economic activity over the course of the normal business cycle of growing economy.
Neoliberalism is both a political philosophy and a term used to signify the late-20th-century political reappearance of 19th-century ideas associated with free-market capitalism. The term has multiple, competing definitions, and is often used pejoratively. In scholarly use, the term is often left undefined or used to describe a multitude of phenomena. However, it is primarily employed to delineate the societal transformation resulting from market-based reforms.
Peru, officially the Republic of Peru, is a country in western South America. It is bordered in the north by Ecuador and Colombia, in the east by Brazil, in the southeast by Bolivia, in the south by Chile, and in the south and west by the Pacific Ocean. Peru is a megadiverse country, with habitats ranging from the arid plains of the Pacific coastal region in the west, to the peaks of the Andes mountains extending from the north to the southeast of the country, to the tropical Amazon basin rainforest in the east with the Amazon River. Peru has a population of over 32 million, and its capital and largest city is Lima. At 1,285,216 km2 (496,225 sq mi), Peru is the 19th largest country in the world, and the third largest in South America.
Rock music entered the Peruvian scene in the late 1950s, through listening to performers like Elvis Presley, Buddy Holly and Bill Haley, who popularized rockabilly in the United States. The first Peruvian rock bands appeared during this time. They included Los Millonarios del Jazz, Los Stars, Conjunto Astoria, Los Incas Modernos, and Los Zodiacs.
Francisco Remigio Morales Bermúdez Cerruti was a Peruvian politician and general who was the de facto President of Peru between 1975 and 1980, after deposing his predecessor, General Juan Velasco. His grandfather and all his original family were from the old Peruvian department of Tarapacá, which is now part of Chile. Unable to control the political and economic troubles that the nation faced, he was forced to return power to civilian rule, marking the end of the Revolutionary Government of the Armed Forces installed by a coup d'état in 1968.
The Christian People's Party is a centre-right and conservative political party based on the principles of Christian democracy. It was founded in 1966 by Christian Democratic Party dissidents, led by Luis Bedoya Reyes, at the time mayor of Lima.
Chronic inflation is an economic phenomenon occurring when a country experiences high inflation for a prolonged period due to continual increases in the money supply among other things. In countries with chronic inflation, inflation expectations become 'built-in', and it becomes extremely difficult to reduce the inflation rate because the process of reducing inflation by, for example, slowing down the growth rate of the money supply, will often lead to high unemployment until inflationary expectations have adjusted to the new situation.
"La Década Perdida" in Spanish or "A Década Perdida" in Portuguese of Latin America is a term used to describe the economic crisis suffered in Latin America during the 1980s, which continued for some countries into the 1990s. In general, the crisis was composed of unpayable external debts, taxes, and volatile inflation and exchange rates, which in the majority of the countries in the region were fixed.
The history of Lima, the capital of Peru, began with its foundation by Francisco Pizarro on January 18, 1535. The city was established on the valley of the Rímac River in an area populated by the Ichma polity. It became the capital of the Viceroyalty of Peru and site of a Real Audiencia in 1543. In the 17th century, the city prospered as the center of an extensive trade network despite damage from earthquakes and the threat of pirates. However, prosperity came to an end in the 18th century due to an economic downturn and the Bourbon Reforms.
APEC Peru 2008 was a series of political meetings held around Peru between the 21 member economies of the Asia-Pacific Economic Cooperation during 2008. Although business leaders of the region also met before the summit officially began. Leaders from all the member countries met during November 22–23, 2008, in the capital city of Lima.
Roberto Dañino is a Peruvian lawyer who was a former Prime Minister of Peru. He was also the Peruvian Ambassador to the United States and the Senior Vice President and General Counsel of The World Bank. He has practiced corporate law for several decades and was the Chairman of the Latin American practice of leading law firms in the United States and Perú. He has also served on the boards of various corporations and nonprofit organizations in Peru, the United States, Canada, South Africa, Spain, and the United Kingdom. Currently, he is a member of various corporate boards and philanthropic entities in Peru and the USA. He is also a member of the international advisory boards of Goldman Sachs, NTT Data, Albright Stonebridge Group and Inversiones Centenario. He was awarded the Order of the Sun of Peru in 2003, which is the highest honor bestowed on a Peruvian citizen.
The Lost Decades are a lengthy period of economic stagnation in Japan precipitated by the asset price bubble's collapse beginning in 1990. The singular term Lost Decade originally referred to the 1990s, but the 2000s and the 2010s have been included by commentators as the phenomenon continued.
Communist rule in the People's Republic of Hungary came to an end in 1989 by a peaceful transition to a democratic system. After the Hungarian Revolution of 1956 was suppressed by Soviet forces, Hungary remained a communist country. As the Soviet Union weakened at the end of the 1980s, the Eastern Bloc disintegrated.
Fallen from Heaven is a 1990 Peruvian drama film directed by Francisco José Lombardi. The film was selected as the Peruvian entry for the Best Foreign Language Film at the 63rd Academy Awards, but was not accepted as a nominee.
An economist is a practitioner in the social science discipline of economics.
The Lost Decade or the Crisis of the 80s was a period of economic stagnation in Peru throughout the 1980s which was exacerbated to a severe macroeconomic crisis by the end of the decade. Foreign debt accumulation throughout Latin America, a series of natural disasters, mass public expenditures, nationalizations of banks and financial institutions, and the shutting of Peru out of international credit markets led to a decade of macroeconomic decline. The financial crisis soon became adopted into the public sphere through hyperinflation in commodities, food shortages, and mass unemployment. By the end of the decade, Peru's gross domestic product (GDP) contracted over 20%, and poverty rose to 55%.
The "Lima Consensus", a term attributed to Harvard University's government professor, Steven Levitsky, refers to a set of economic policies that have predominated in Peru starting from the presidency of Alberto Fujimori. This term was fashioned analogously to the "Washington Consensus." Defined by its neoliberal, deregulatory stance and a export-led growth emphasizing raw materials, the Lima Consensus is based on free market capitalism. Peru's economic elites expressly support these economic policies.
2022 Peruvian protests may refer to: