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Peruvian Democracy Under Economic Stress: An Account of the Belaunde Administration, 1963-1968

Pedro-Pablo Kuczynski
Reviewed by Robert D. Crassweller
October 1977
Peruvian Democracy Under Economic Stress: An Account of the Belaunde Administration, 1963-1968
Pedro-Pablo Kuczynski
Princeton University Press
1977
308 pp.
$16.50
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A former economic advisor to the Peruvian government and manager of the Central Reserve Bank analyzes developmental, tax and fiscal problems in the pre-Velasco decade. The treatment is competent, the style civilized and entertaining, the prose mercifully free of jargon.

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Essay
The Dollar and the Deficits
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The global economic crisis has revealed the folly of large U.S. budget and trade deficits, as well as of the strong dollar that makes them possible. If it is serious about recovery, the United States must balance the budget, stimulate private saving, and embrace a declining dollar.
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