El modelo neoliberal peruano: limites, consecuencias sociales y perspectivas

The Peruvian economic growth of 1993-1995 and 1997 and the current recession allow us to see that the main limits of the neoliberal model to sustain growth in the long run are: a) the pattern of capital accumulation and the productive structure which was constructed in the last nine years; b) the ineffectiveness of macroeconomic policy to stimulate growth and face the recession out; and, c) the own incapacity of the model to surmount the social problems prevalent since the 80s. The economic growth was not the product of economic policies applied by the Fujimori´s administration, and these neoliberal policies are not able to fight the current recession. On the other hand, the brief social cost balance (in terms of employment, income, social security, poverty and social expenditures) reveals the precariousness of the neoliberal model’s social basis.