As a result of the liberalising reforms of the 1990s and the commodity super-cycle that followed, Peru's business elites have accumulated very substantial political power which they have deployed through a number of mechanisms to maintain an effective control over the key workings of the state. At the same time, the country's once powerful left has been marginalised as a consequence of the economic and political debacles of the 1980s; as such Peru has seen no 'pink tide' in recent years.
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