Treaty of Defensive Alliance (Bolivia–Peru) Treaty of Defensive Alliance (Bolivia–Peru) The Treaty of Defensive Alliance was a secret defense pact between the South American countries of Bolivia and Peru signed in the Peruvian capital of Lima on February 6, 1873. The document was composed of eleven central articles, outlining its necessity and stipulations, and one additional article that ordered to keep the treaty secret until it was deemed necessary by both contracting parties. The signatory states were represented by the Peruvian Minister of Foreign Affairs, José de la Riva-Agüero y Looz Corswaren, and the Bolivian Envoy Extraordinary and Minister Plenipotentiary in Peru, Juan de la
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