Abstract: New business groups and changes in the Peruvian´s corporate network during the Military Regime (1968-1980)

Martin Monsalve Zanatti and Abel Puerta


The Peruvian Military Regime (1968-1980) carried out a series of social and economic reforms that distinguished it from other dictatorships in the region that had a more conservative political orientation. These reforms changed the ways of doing business in Peru. For example, the military dictatorship carried out a process of agrarian reform, nationalized several foreign companies and dissolved the most important business association, the Sociedad Nacional Agraria (National Agricultural Society). But, at the same time, the Military Regime sought to establish a political alliance with the industrial sector (most of the business men in this sector belonged to a second generation of European migrants), and with the business’ elite of the southern regions. Meanwhile, business families, who were not as important before the military government, took advantage of the economic reforms and nationalization of international corporations to become the most important business groups in Peru so far (i.e. Romero and Brescia)


In this paper I am going to study how the Peruvian military regime´s reforms affected the ways business has been done in the country by analyzing three variables 1) changes in the composition of the structure of the Peruvian corporate network, 2) the loss of power of business associations as a channel of communication between businesses and the Government, and 3) the formation of new business groups. Thus our analysis of the relationship between the military regime and Peruvian entrepreneurs pursue to link the recent studies on corporate networks in Latin America with the renewed approach to the study of business groups in the region