What to Expect from Pedro Castillo
The election of a socialist marks the end of an era for Peru – but the obstacles to implement his changes are as present as before.
LIMA - Even though ballots are still being counted, it looks like Pedro Castillo, the schoolteacher and farmer who ran largely on a socialist platform, will be the next president of Peru. A virtually unknown candidate until surging unexpectedly to the lead on the first round of the election on April 11, Castillo’s economic proposals have caused alarm and uncertainty among Peru’s economic elites, who fear his presidency will be the end of the free market economic model that has been in place in Peru since the 1990s. Castillo’s main promise is based on a simple message that he has...
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