Republic of South Peru Peru and North Peru reverted to being a single Republic of Peru. The Peru-Bolivian Confederation was a plan that attempted to reunite the "Alto Perú" ("Upper Peru", now Bolivia) and "Bajo Perú" ("Lower Peru", now simply Peru) into a single political and economic entity. Marshal Andrés de Santa Cruz promoted an ambitious project to reunite these two territories on the basis of a confederacy. This integration was based not only on historical, cultural and ethnic reasons, but also on sound economic motives. The union was trying to restore the ancient commercial routes and promote a policy of open markets. As
Economy of Peru policies with the so-called ´Fuji Shock´of August 7, 1990. Alberto Fujimori Fujimori ( ; born 28 July 1938) served as President of Peru from 28 July 1990 to 17 November 2000. A controversial figure, Fujimori has been credited with the creation of Fujimorism, defeating the Shining Path insurgency in Peru and restoring its macroeconomic stability. However, he was criticized for his authoritarian way of ruling the country (especially after 1992) and was accused of human rights violations. Even amid his prosecution in 2008 for crimes against humanity relating to his presidency, two-thirds of Peruvians polled voiced approval for his leadership