Peru Passes a Packet of Neoliberal Reforms [View all]
Peru Passes a Packet of Neoliberal Reforms, Erodes Environmental Protections and Labor Rights
Written by Lynda Sullivan ~ Friday, 25 July 2014 13:52
The Peruvian Congress approved a packet of laws on July 3 which critics say subjects the country to neoliberal reforms that threaten to undermine environmental and labor protections and is a gift to the extractive industry.
The Minister of Economy and Finance Luis Miguel Castilla first presented to Congress on this packet of laws on June 25 in order for them to be debated and approved. This has led to an outcry by civil society, as many have compared this law bundle to the neoliberal 'paquetazos' of the 1980s and 90s by the previous governments of Alan Garcia and Alberto Fujimori governments. President Ollanta Humala rejects this criticism.
The term ‘paquetazo’ refers to a large bundle of laws supposedly aimed at reinvigorating the economy. In the days of the Garcia and Fujimori governments, the introduction of these paquetazos usually lead to hyperinflation, currency devaluation, extreme price hikes, and an increase in social conflicts and police repression. President Humala’s current attempt to reinvigorate the economy centers round removing any obstacles for investing companies (mainly in the extractive industries), which critics say will irreversibly damage the environment and fuel more social unrest ...
More here: http://upsidedownworld.org/main/peru-archives-76/4956-peru-passes-a-packet-of-neoliberal-reforms-erodes-environmental-protections-and-labor-rights
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