Political Risk Latin America Blog @PolRiskLatam

Election Guide: Fujimori v. Humala in Peru’s Runoff Vote

Posted in News and Articles, Political Risk by politicalrisklatam on June 1, 2011

by Roque Planas and Carin Zissis for Americas Society / Council of the Americas, June 1st, 2011.

With just days to go before Peru’s second-round presidential election, polls continue to predict a neck-and-neck race between conservative Keiko Fujimori and leftwing nationalist Ollanta Humala. Pollsters Ipsos Apoyo suggested the final presidential debate on Sunday could break the gridlock. Some observers criticized the candidates, however, for attacking each other rather than focusing on the issues.

Both candidates have zeroed in on poverty reduction and social inclusion as their primary goals, but the two take different stances on economic policy. Fujimori advocates a continuation of Peru’s market-driven approach that she says will alleviate poverty by creating jobs, though she says she would also increase social spending and tax profits raked in by the mining companies operating in Peru.

Humala, on the other hand, favors a stronger redistributive role for the state. His opposition to Peru’s free trade agreement with the United States has led some to wonder whether he will continue his predecessors’ free-market policies that are credited with delivering Peru’s 7 percent average GDP growth since 2006. But Humala says he will respect existing trade agreements and instead focus on taxing foreign multinationals and stimulating national production. Other key issues for Peru’s electorate include crime and security, drug trafficking, and the construction of democratic institutions.  (continue reading… )

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