Agreement on peace and economic growth

Abstract

The Peace Agreement signed in Chapultepec on January 16, 1992, is undoubtedly one of the most important events since El Salvador emerged into independent life. Moreover, in recent history, this event is a milestone at the Latin American level, because it meant putting an end to a long internal conflict through the negotiated route, which brought, among other things, something unprecedented: the transformation of one of the forces contenders in political party. The civil war coincided with a period in which all of Latin America was going through great economic problems, whose duration and depth gave rise to the so-called lost decade and which, in the Salvadoran case, was more acute precisely because of the direct effects of the same conflict. that, with its completion, the country will return to economic normality. In addition, the economic model that had been launched years earlier based on the principles of the market economy, in line with the ideas in vogue, was already generating results at the moment in which peace was signed.