At a time when Peru continues to reel from the impact of Covid-19 and the eruption of corruption scandals involving five former presidents, this book analyzes the persistence and the structural underpinnings of underdevelopment in Peru. During the commodities boom of 2004–2011, Peru experienced strong levels of economic growth, bringing poverty down and increasing the middle-class population. In the Covid-19 pandemic, however, the severe lack of structural economic and social improvements has been exposed. With the arrival of the pandemic, hospitals collapsed, oxygen supplies dwindled, and informality rose, with dire consequences for the vulnerable, and for those already working on subsistence wages. Delving into the history of the country, Jan Lust outlines the structural problems that came about following Peru’s post-colonial entrance into the world economy and the subsequent neoliberal extractive development model adopted in the 1990s. Only by understanding Peru’s specific political, economic, and social conditions can a path towards development be found. This book will be of interest to researchers working within politics, economics, critical development studies, and Latin American studies.

This study of Peru's transformation from a tottering colonial economy based on extraction of precious bullion to a massive exporter of bulk goods like guano shows how a struggle between protectionists and free traders shaped the state. "This is an elegant and sophisticated book that can be read on many levels, written by an author who never takes the facile road. [Its] significance is great--not just for Peruvian history but for theoretical questions relating to dependency and economic history in nineteenth-century Latin America... Gootenberg has added a major new element to the dependency debate, one that is more intellectually satisfying than the sterile old argument about good guys and bad guys."--Timothy E. Anna, The Hispanic American Historical Review "[One] of the best books in recent years on Peruvian history, and a valuable contribution to nineteenth-century commercial and financial studies."--Michael J. Gonzales, Journal of Economic History "Fascinating reading. Gootenberg has taken the why of Latin American underdevelopment a step forward by unraveling complexities of the actual historical-economic forces... [This book] is perhaps the most thorough examination of exactly how those internal class and productive forces contributed to Peru's under-development."--Choice Originally published in 1989. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Peru's self-proclaimed "revolution"—surprisingly extensive reforms initiated by the military government—has aroused great interest all over Latin America and the Third World. This book is the first systematic and comprehensive attempt to appraise Peru's current experiment in both national and regional perspective. It compares recent innovative approaches to Peru's problems with the methods used by earlier regimes, providing original and stimulating interpretations of contemporary Peru from the viewpoints of political science, sociology, history, economics, and education. Among the issues considered are the military regime's policies regarding income distribution, foreign investment, education, urbanization, worker-management relations, and land reform. Contributors: Abraham F. Lowenthal, Julio Cotler, Richard Webb, David Collier, Susan Bourque and Scott Palmer, Colin Harding, Robert Drysdale and Robert Myers, Shane Hunt, Peter T. Knight, Jane Jaquette. Originally published in 1976. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

Originally published: Monthly Review Press, 1967.

This book is a study of the historical antecedents of Latin America's foreign debt, with a focus on Peru from 1930 to 1970. Written from the dependency theory perspective, the book attributes underdevelopment to chronic debt crises. It emphasizes the multilateral lending agencies' role in shaping Latin America's contemporary political economy, in cooperation with the U.S. government and multinational corporations and Latin America's local elites. This book presents a chapter in Peru's contemporary history targeted for students and scholars of Latin American studies, U.S. diplomatic history, international political economy, political science, and sociology of development. Contents: Preface; Introduction; Hemispheric Economic Integration and U.S. Foreign Policy: From the Good Neighbor Policy to the Alliance for Progress; Peru and Hemispheric Integration: From the Good Neighbor Policy to the Cold War; U.S.-Peru Financial Relations during the Odria Regime; Bankruptcy of Reformism: U.S.-Peru Financial Relations from Prado's Election to the Coup d'Etat of 1968; Conclusion; Notes; Bibliography; Index.