ABSTRACT
This chapter investigates the extent to which the attempts by the state to change the pattern of ownership and control of the manufacturing sector were successful. A state capital is an establishment in which at least twenty-five percent of assets is state owned, and in the case that over twenty-five percent is held by the state and by foreigners, the establishment is considered a state capital unless the foreign share exceeds the state share. The Peruvian state after the coup of 1968 sought to foster the growth of national capital in the manufacturing sector, but had limited success in this enterprise. The actual control of production in manufacturing lends little support to the view that "state capitalism" emerged in Peru after 1968, or that the accumulation process in manufacturing was qualitatively different after 1968 than before in terms of the role of foreign capital.
