#20 International Capitalism and the Peruvian Military Government, 1968-1978
By Barbara Stallings
This paper was presented at the November 2-4, 1978 Workshop on "The Peruvian Experiment Reconsidered" organized by the Latin American Program of the Woodrow Wilson International Center for Scholars.
Summary
The purpose of this paper is to consider the international constraints faced by the military government in Peru during the 1968-1978 period. What was the nature of those constraints, and how important were they in determining the types of policies followed by the government? The argument of the paper with respect to the nature of the international constraints is that they were the same ones which all Latin American countries face all of the time, i.e. the constraints imposed by being part of the process of capital accumulation on a world scale. In terms of the importance of the constraints, it is argued that they did not really become a problem during the Velasco (or radical) phase of the Peruvian regime. Furthermore, it cannot be said that international economic constraints caused the changes that took place under Morales, becuase his administration had already decided to move in a more conservative direction before the financial crunch arrived in mid-1976.
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