Economic Policy in Bolivia after the Transition to Democracy

  • Juan Antonio Morales
Part of the International Political Economy Series book series (IPES)

Abstract

The main purpose of this chapter is to examine the difficulties involved in the democratic transition in Bolivia and to point out the circumstances that led to the implementation of the liberal economic policy that forms part of the so-called New Economic Policy (NEP). The development and prospects of this policy are also discussed. The return to democracy and its institutions took place in October 1982, whereas the NEP began to be applied almost three years later, after the enactment of Supreme Decree 21060 in August 1985. The chapter covers the administrations of Hernan Siles Zuazo, President of the democratic transition, and Víctor Paz Estenssoro and Jaime Paz Zamora, who carried the NEP forward.

Keywords

Economic Crisis Income Expense Argentina Boulder 

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Bhagwati, Jagdish N. (1982) ‘Directly Unproductive Profit-Seeking (DUP) Activities’, Journal of Political Economy, vol. 90 (October), pp. 988–1002.CrossRefGoogle Scholar
  2. Buchanan, J. M. and G. Tullock (1962) The Calculus of Consent (Ann Arbor: University of Michigan Press).Google Scholar
  3. Capie, Forest (1986) ‘Conditions in which Very Rapid Inflation has Appeared’, Carnegie-Rochester Series on Public Policy, vol. 24, pp. 115–68.CrossRefGoogle Scholar
  4. Conaghan, Catherine M., James M. Malloy and Luis A. Abugattas (1990) ‘Business and the “Boys”: The Politics of Neo-liberalism in the Central Andes’, Latin American Research Review, vol. 25 (Spring), pp. 3–30.Google Scholar
  5. Confederación de Empresarios Privados de Bolivia (CEPB) (1991) ‘Porqué no hay más inversión en Bolivia?’, mimeo (La Paz: CEPB, July).Google Scholar
  6. Instituto Latinoamericano de Investigaciones Sociales (ILDIS) (1985) ‘La Nueva Política Económica (Ira. Parte)’, Foro Económico, no. 5 (La Paz: ILDIS).Google Scholar
  7. Jetté, Cristian (1989) De la Toma del Cielo por Asalto a la Relocalización (La Paz: HISBOL).Google Scholar
  8. Krueger, Anne O. (1974) ‘The Political Economy of the Rent-Seeking Society’, American Economic Review, vol. 64, pp. 291–303.Google Scholar
  9. Morales, Juan Antonio (1988) ‘Inflation Stabilization in Bolivia’, in M. Bruno et al. (eds) Inflation Stabilization: The Experience of Israel, Argentina, Brazil, Bolivia and Mexico (Cambridge, MA: MIT Press), pp. 307–60.Google Scholar
  10. Morales, Juan Antonio (1991) ‘Structural Adjustment and Peasant Agriculture in Bolivia’, Food Policy, vol. 16, no. 1 (February), pp. 58–66.CrossRefGoogle Scholar
  11. Olson, M. (1982) The Rise and Decline of Nations (New Haven: Yale University Press).Google Scholar
  12. Sachs, Jeffrey (1987) ‘The Bolivian Hyperinflation and Stabilization’, American Economic Review, vol. 77, no. 2 (May), pp. 279–83.Google Scholar
  13. Starr, Paul (1990) ‘The New Life of the Liberal State: Privatization and Restructuring of State-Society Relations’, in Ezra N. Suleiman and John Waterbury (eds), The Political Economy of Public Sector Reform and Privatization (Boulder: Westview Press), pp. 22–54.Google Scholar
  14. Unidad de Análisis de Política Económica (UDAPE) (1991) Estadísticas Económicas de Bolivia (June).Google Scholar
  15. Vickers, John and George Yarrow (1991) ‘Economic Perspectives on Privatization’, The Journal of Economic Perspectives, vol. 5 (Spring), pp. 111–32.CrossRefGoogle Scholar
  16. World Bank (1989) ‘Bolivia. Public Sector Expenditure Review with Special Emphasis on the Social Sectors’, mimeo (Washington DC: World Bank).Google Scholar
  17. World Bank (1991) ‘Bolivia. From Stabilization to Sustained Growth’, mimeo (Washington DC: World Bank).Google Scholar

Copyright information

© Palgrave Macmillan, a division of Macmillan Publishers Limited 1996

Authors and Affiliations

  • Juan Antonio Morales

There are no affiliations available

Personalised recommendations