Partially wrong. Most of what happened in Perú had been the prelude in many other countries like Venezuela and Cuba.

A leader who either took the power by force (Velazco) or by using the system, and then ruining the country for the rest (Garcia Perez). With many policies focusing on the "“wellbeing” of the people, which (sadly) backfired terribly.

Velazco is the first example, with the nationalization of many businesses; as well as the alliances with the USSR, for the acquisition of weaponry. He tried to do the “best” for the Andean people, yet many of his reforms (the most notorious being “La Reforma Agraria”) only weakened the productive capabilities of many farmlands. Only to be left forgotten, and squandered. La Piturrina in Ica being the perfect example of such.

Fortunately, Moralez Bermudez helped with the transition back to democracy.

Alan Garcia implemented many socialist policies, as already mentioned. He tried to control the prices, unaware of how it impacted on the economy of the average Peruvian. With most investments escaping the country, the Into (the currency of that time) devaluated to the point that a million of it were needed to buy one dollar.

And something I must admit I forgot to write is how we were affected.

The Constant devaluation of the currency made it difficult for the average person to buy the groceries, also diminished for only estate backed businesses operated then. A can of milk could cost almost 2 billion intis (more or less 20 dollars). Imagine feeding a kid during that time…

And thanks to the insecurity of the terrorists, we suffered constant blackouts. Imagine doing your homework by the lights of the candles… Many of my generation need glasses thanks to that.

And lastly, you would be lucky if you were alive the next day… For any second a car could explode nearby.

This is what many Peruvians, and many South Americans will warn you.