Steve H. Hanke is a Senior Contributing Columnist at Fortune and a Professor of Applied Economics at The Johns Hopkins University. From 1995 to 1996, he was an economic advisor to President Rafael Caldera and is presently Special Adviser on Economic, Monetary, and Energy Affairs in the office of Congressman Antonio Ecarri at the National
Right-wing candidate Keiko Fujimori has been declared the winner of Peru’s closely contested presidential election, almost a month after voting took place. The 51-year-old obtained 50.135% of the votes in the second round held on June 7, compared to 49.865% for leftist candidate Roberto Sánchez, a margin of less than 50,000 votes, according to figures