Abstract: | President Fujimori is often seen as exemplary of the Latin American “neopopulist”. Having inherited a country in crisis, he managed to engineer profound changes in the economic sphere, legitimising his government through a direct rapport with the mass of the population that marginalised representative institutions. This article seeks to place this “neopopulism” in an historical context by focusing on the socio‐economic and political characteristics that have sustained a tradition of populism in Peru. It argues that “top‐down” styles of political mobilisation have long had a debilitating effect on the development of a representative party system, and that populist traits can be traced through regimes of widely differing ideological orientations. |