Today Peru is undoubtedly poorer than Colombia. Whether the international economy has provided positive or negative shocks, Colombia has tended to manage them more skilfully than Peru - not be relying on the market but by generally pragmatic and prudent interventionist policies.

List of Tables - List of Figures and Maps - Preface - A Historical Perspective (1): Colombian Coffee Entrepreneurship and the State - A Historical Perspective (2): Peruvian Export-led Underdevelopment - The End of the Golden Age of Import Substituting Industrialisation - The Velasco Years in Peru: Discontinuity with some Change? - Peru: Return to Orthodoxy 1976-85 - The Apra Alternative, 1985-9 - Colombia 1967-70: Change with some Continuity? - Colombia in the 1970s: The Coffee Boom and 'Liberalisation' - Colombia in the Rough Seas of the 1980s - In Conclusion: Macromanagement, Distribution and Welfare - References

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