During 1986 Peru made substantial progress towards the principal objectives laid out in the July 1985 Emergency Economic Programme. Nevertheless, this progress was achieved at a certain cost. The heterodox economic policy implemented by the government did indeed reduce some imbalances —the excess of idle installed capacity, high unemployment, inflation, depressed real wages, the large-scale dollarization of the economy, and the heavy burden represented by the service on the external debt— but this was done at the expense of exacerbating the imbalances in other spheres of the economy.

Related Subject(s): Economic and Social Development
Countries: Peru
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