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Message:: [QUOTE="jlblonde, post: 1528829, member: 32000"]Peru In the first post-World War II decades, Peru achieved an above-average rate of growth with low levels of inflation and with rising exports of its diversified primary products. Output per capita grew 2.9 percent a year in the decade of the 1950s and then 3.2 percent annually in the first half of the 1960s, compared with the regional growth rate of 2.0 percent for these fifteen years. As of 1960, income per capita was 17 percent above the median for Latin American countries. However, since the mid1960s the economy has run into increasing difficulties. Output per capita failed to grow at all from 1965 to 1988, then fell below its 1965 level in 1989 and 1990. The previously moderate rate of inflation accelerated, balance of payments deficits became a chronic problem, and the country accumulated a deep external debt. As poverty worsened, political violence in the countryside and cities grew increasingly intense. The economy and the society as a whole seemed to lose coherence and any sense of direction. [ATTACH]201229.vB[/ATTACH] Peru - 1 Centavo - 1961[ATTACH]201044.vB[/ATTACH][ATTACH]201045.vB[/ATTACH] Peru - 2 Centavos - 1955[ATTACH]201046.vB[/ATTACH][ATTACH]201047.vB[/ATTACH][/QUOTE]