ABSTRACT
This conclusion presents some closing thoughts on the key concepts discussed in the preceding chapters of this book. The book argues that intermediate products and machinery tend to be produced more cheaply in advanced capitalist economies. It aims to investigate who controlled the Peruvian manufacturing sector. A large number of writers has argued that after the coup of 1968, control passed from foreign capital to the state, giving the Peruvian economy a "state capitalist" character. Central to dependency theory is the concept of "distorted capitalist development," a major aspect of which is the structure of production. In periods of a general expansion of the world economy, neoclassical writers see their optimism vindicated; in time of economic crisis, as in the early 1980s, dependency theorists judge their pessimism to be verified. The need to modernize agriculture in Peru has been generally recognized, and hesitant steps to do so were taken by the first Belaunde government.
