Luis Hernández Navarro: Bolivia Has Transformed Itself by Ignoring the Washington Consensus
In the past six years, Bolivia has become one of the Latin American countries most successful at improving its citizens’ standard of living. Economic indicators such as low unemployment and decreased poverty, as well as better public healthcare and education, are outstanding .. These economic and social successes have been attained following an alternative route to neoliberalism. Evo Morales’s government did the opposite of what the Washington Consensus recommends: it nationalised hydrocarbons, electricity, telecommunications and mining; renegotiated the presence of direct foreign investment in the country; implemented an expansive fiscal policy and closed borders to the free importation of economically strategic products. The state took 34% of the economy under its control
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This entry was posted on Thursday, March 22nd, 2012 at 10:50 AM and filed under Americas (incl. Carribean), Articles, Economics, Foreign Affairs, Peace. Follow comments here with the RSS 2.0 feed. Skip to the end and leave a response. Trackbacks are closed.
