Abstract

MORALES, Juan Antonio. Bolivian economy in the last half century: some thoughts on long-term development. Rev Cien Cult [online]. 2014, vol.18, n.33, pp.107-135. ISSN 2077-3323.

The paper goes through an evaluative analysis of the Bolivian economy in the last half century. It states that, despite the efforts made by the different development models proposed and implemented, the country has not reached the sustained growth rates of GDP (Gross Domestic Product) that are needed to overcome the underdevelopment indicators. The models referred to are three: state capitalism, neoliberalism and post-neoliberalism. The author suggests that the reason for this failure mainly resides in the widespread bet for the development focused on the exploitation of raw materials, but especially in the lack of political and institutional strength. Finally it examines the role that plays in this problem the fiscal and monetary policies as well as the social and redistributive policies, emphasizing the last period of the MAS government.

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