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By Rosemary Thorp

This paper was presented at the November 2-4, 1978 Workshop of "The Peruvian Experiment Reconsidered" organized by the Latin American Program of the Woodrow Wilson International Center for Scholars.

Summary

The paper examines the difficulties of the post-1968 military government in the light of certain long-run trends and consequences of Peruvian development. It argues that the rich resource base of Peru, the resultant large role of foreign capital, weak industrialization and role of the State all come together to explain both the elements of the post-1968 crisis and the lack of the means to handle it. Unfortunately, the chosen strategy required precisely the developed State and strong industrial sector which, for historical reasons, did not exist.

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