Fiduciary democracy: The economic linkage to the political system in Peru in the 1990s

Date of Award




Degree Name

Doctor of Philosophy (Ph.D.)


International Studies

First Committee Member

Steve Stein - Committee Chair


Fiduciary democracy, a new concept developed in this dissertation, represents a political regime that emerged in Peru in the early 1990s. This type of political regime is identified in the case of Peru, where it has resulted from the interaction of the weak economic organization of the country, the deterioration of the basic institutions of the society, and the forces impelling the country toward incorporation into the international market. The dissertation uses input-output theory and the theory of polyarchy as a theoretical framework. The study analyzes the main characteristics of the Peruvian economy of the 1980s and 1990s and the manner in which it functions. The dissertation also analyzes the economic policies that were applied in this period and the role of the state and the economic agents as political actors in the economic policy decision-making process. The study concentrates on the principal elements of the political process, such as the political participation of the citizens, competition among the political parties, civil and political liberties, and government responsibility to determine the characteristics of the Peruvian polyarchy of the 1980s and early 1990s. Additionally, it takes into account the behavior of the political parties and the insurgent movements as contributing factors to the collapse of the Peruvian political system. The emergence of the new political regime that coincided with the decision of President Fujimori to close the Congress on April 5, 1992 and the characteristics of its consolidation are analyzed. Similarly, the role of the President and the armed forces as key actors in this process are examined. The study concludes by identifying those key elements that identify the regime of fiduciary democracy.


Economics, General; Political Science, General

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