Juan Velasco Alvarado of the Velasco administration's economic policies is still debated today. As the Peruvian military government ran deeper into debt, it was forced to devalue the currency and run inflationary policies. This however, was in part due to the 1970s Energy Crisis, which also affected Peru and made it impossible for the Velasco administration to fund some of its most ambitious reforms. In foreign policy, in contrast with his 1970s Latin American contemporaries, which were mostly right-wing military dictatorships, he pursued a partnership with the Soviet bloc, tightening relations with Cuba and Fidel Castro and undertaking major purchases of Soviet military
Miguel Alemán Velasco Miguel Alemán Velasco Miguel Alemán Velasco (born March 18, 1932 in Veracruz) is a Mexican politician, businessman and philanthropist. He is a former senator and governor of Veracruz. Alemán Velasco is the son of former Mexican president Miguel Alemán Valdés (1946–52), the first candidate to run for the presidency from the Institutional Revolutionary Party, and Beatriz Velasco Mendoza. Alemán Velasco holds a bachelor's degree in Law from the National Autonomous University of Mexico. On August 9, 2004 Alemán was honored by the Government of Panama with the Great Cross of Vasco Nuñez de Balboa. He sought his party's nomination for