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.