Alberto Fujimori over government priorities; and a final "watered-down" phase (1999–2000) dominated by a clique of personal loyalists and their clientelist policies that aimed to secure Fujimori a third term as president. Business was a big winner of the reforms, with its influence increasing significantly within both the state and society. High growth during Fujimori's first term petered out during his second term. "El Niño" phenomena had a tremendous impact on the Peruvian economy during the late 1990s. Nevertheless, total GDP growth between 1992 and 2001, inclusive, was 44.60%, that is, 3.76% per annum; total GDP per capita growth between 1991 and
Alberto Fujimori perceived as a term of affection. With his election victory, he became just the second person of East Asian descent to become head of government of a Latin American nation, after Fulgencio Batista of Cuba and the third of East Asian descent to govern a South American state, after Arthur Chung of Guyana and Henk Chin A Sen of Suriname (each of whom had served as head of state, rather than head of government). During his first term in office, Fujimori enacted wide-ranging neoliberal reforms, known as Fujishock. During the presidency of Alan García, the economy had entered a period