Thursday, December 03, 2009

The simple version of Evo's political success

It is the economy stupid.

Otto at Inca Kola News has been a lone wolf in the wilderness detailing Morales' miracle Bolivian economy. Now the respected Mark Weisbrot of CEPR weighs in.

WASHINGTON - December 3 - Bolivia's economic growth over the last four years has been higher than at any time in the last 30 years - with projected growth for 2009 the highest in the Western Hemisphere - due to a series of government initiatives in recent years that have helped Bolivia to cope with the impact of the world recession. This is one of the highlights of a new paper from the Center for Economic and Policy Research: "Bolivia: The Economy During the Morales Administration," by Mark Weisbrot, Rebecca Ray, and Jake Johnston. The paper looks at how Bolivia's economy has been able to progress despite a number of significant shocks, including falling remittances, declining foreign investment, the United States' revocation of trade preferences, serious bouts of political instability as a result of separatist political opposition movements, and recent declines in export prices and markets, along with other impacts of the global recession.

continue reading....


Otto Rock said...


Bina said...

(rolls on floor howling...with laughter)