"Analyzes and explains failure of Peru's import substitution plan (1970-90). Discusses concerns with shift toward market liberalization beginning in Aug. 1990"--Handbook of Latin American Studies, v. 57

This paper assesses the institutional setting and productive impact of selected productive development policies (PDPs), institutions, and programs implemented in Peru during the period 1990-2007. The assessment is based on a simple, basic framework of a series of economic or market failures that...