Peru
's gross domestic product in the late 1980s was $19.6 billion, or
about $920 per capita. Although the economy remains primarily agricultural, the
mining and fishing industries have become increasingly important. relies
primarily on the export of raw materials—chiefly minerals, farm products, and
fish meal—to earn foreign exchange for importing machinery and manufactured
goods. During the late 1980s, guerrilla violence, rampant inflation, chronic
budget deficits, and drought combined to drive the country to the brink of
fiscal insolvency. However, in 1990 the government imposed an austerity program
that removed price controls and ended subsidies on many basic items and allowed
the inti, ...
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late 1980s, were sugarcane (6.2
million), potatoes (2 million), rice (1.1 million), corn (880,000), seed cotton
(280,000), coffee (103,000), and wheat (134,000). Peru is the world's leading
grower of coca, from which the drug cocaine is refined.
The livestock population included about 3.9 million cattle, 13.3 million
sheep, 1.7 million goats, 2.4 million hogs, 875,000 horses and mules, and 52
million poultry. Llamas, sheep, and vicuñas provide wool, hides, and skins.
The forests covering 54 percent of Peru's land area have not been
significantly exploited. Forest products include balsa lumber and balata gum,
rubber, and a variety of medicinal plants. Notable among the latter is the
cinchona plant, from which quinine is derived. The annual roundwood harvest in
the late 1980s was 7.7 million cu m.
The fishing industry is extremely important to the country's economy and
accounts for a significant portion of Peru's exports. It underwent a remarkable
expansion after World War II ...
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Peru. (2007, April 22). Retrieved November 20, 2024, from http://www.essayworld.com/essays/Peru/63750
"Peru." Essayworld.com. Essayworld.com, 22 Apr. 2007. Web. 20 Nov. 2024. <http://www.essayworld.com/essays/Peru/63750>
"Peru." Essayworld.com. April 22, 2007. Accessed November 20, 2024. http://www.essayworld.com/essays/Peru/63750.
"Peru." Essayworld.com. April 22, 2007. Accessed November 20, 2024. http://www.essayworld.com/essays/Peru/63750.
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