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ENCI

Peru's Bandied Monopolist

Published online by Cambridge University Press:  02 January 2018

Alfred H. Saulniers*
Affiliation:
Institute of Latin American Studies, University of Texas, Austin

Extract

Until 1968, state enterprises played a minor role in the Peruvian economy. The list of public sector enterprises was relatively small. It included the Central and sectoral banks, a merchant fleet, railways, a minor petroleum producer, hyroelectric power companies, a steel mill, monopolies over salt, tobacco, and guano, a few tourism projects, and a set of regional development corporations. From 1968 to 1974 the state moved swiftly to expand its role in order to direct and control the course of the country's economic evolution. The public sector increased both in size and scope to include most banking, basic industries, and most international and some domestic trade.

Type
Research Article
Copyright
Copyright © University of Miami 1980

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