Heterodox economic policy in Peru
1. opposed to orthodox, orthodox meaning strictly neoliberal and followed to a tea (devalue currency, eradicate, liberalize market etc….) a mixed economic plan, following both IMF neoliberal plan, ex: devalue, remove tariffs, but not denationalize, so keep oil and tin national, help poor by putting price caps on bread, milk, eggs, and transport. Alan Garcia in Peru implemented in 1985, first person to say we are not going to pay the debt in the way that our export economy can, in our own terms, a modified neoliberal model. Garcia’s example: increases of real wages, essential price freezes, fixing of dollar exchange rates, tax breaks.