Constituent Congress of Peru, 1822 ratified in succession to the former presidents of the Republic of Peru: José de la Riva Agüero and José Bernardo de Tagle (better known as the Marquis of Torre Tagle). After the proclamation of the independence of Peru, the ancient capital of the Viceroyalty of Peru, Lima, on July 28, 1821, General José de San Martín assumed command of the military political free departments of Peru, under the title protector, according to the decree of August 3, 1821. San Martín was the one who gave the state its first Peruvian flag, anthem, currency, and its administration and its first primitive
Economy of Peru Economy of Peru Peru is classified as "upper middle income" by the World Bank and is the 39th largest in the world by total GDP. Peru is one of the world's fastest-growing economies, with a 2012 GDP growth rate of 6.3%. It currently has a high human development index of 0.741 and per capita GDP above $12,000 by PPP. Neo-classical economists would interpret Peru's sound economic performance as a combination of: However, Post-Keynesian economists would argue that what neo-classical economics considers to be "prudent" fiscal spending is nothing more than a means to restrict government spending in order to make