Carlos Mesa’s Uphill Effort to Defeat Evo Morales

According to the U.S.’ National Bureau of Economic Research, all is not well with Bolivia’s economy.

In a report published earlier this year, the bureau cited rising external debt and falling international reserves as early markers of a balance-of-payments crisis in the making. The authors note several similarities of current economic policies to those that preceded Bolivia’s debt crisis in the 1980s, including the country’s adoption of a fixed exchange rate.

But as long as Bolivia’s economy continues to expand – the...

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