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The Lima consensus and its discontents: From restricted oligarchic developmentalism to revolutionary structural reforms
(Universidad de Concepcionrla@udec.cl, 2020-01-01)
We define four central characteristics of the Peruvian political economy in the era of developmentalism: the sequence of export bonanzas of various raw materials that limited the demand for industrial policy; the historical state weakness, largely the product of political instability; social fractures, with important ethnic and geographical dimensions; and the virtual absence of economists towards the beginning of the 1960s. The consensus of national economic-political power circles was and continues to be that the progress of the national economy demands little state intervention.

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