There was no single explanation for the nature and severity of the crisis Peru faced in the early 1990s. The temptation to blame García and APRA was a strong one, given their dismal performance in government, but the crisis had much deeper roots. APRA inherited a nation beset with economic and social problems, but a political climate in which the consensus on the need for reform was unprecedented. The manner in which APRA governed resulted in an exacerbation of an existing breach between state and society. Consensus gave way to polarization and fragmentation of the party system, and economic policy fell prey to internal party politics, with disastrous results.

You can read more regarding this subject on the following websites:

Peru - Government and society |
Peru | Economist - World News, Politics, Economics
Peru Market Research Reports, PEST Analysis and
Peru Economy - GDP, Inflation, CPI and Interest Rate
Pestle Analysis of Peru 2017 -2022 | Lucintel
Peru ETF Rallies as Political Risks Abate | ETF Trends
Peru - The Economist Intelligence Unit
Chile - Economic forecast summary (May 2018) - OECD
Peru - U.S. Department of State

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