New report looks at Bolivia’s economic performance over last four years

 

The Center for Economic and Policy Research has produced a new paper called “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.

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.

The paper can be accessed on the CEPR website here.