Is Bolivia a poor country?
The Commanding Heights
Bolivia was hit with hyperinflation as well. During the 1980s, economist Jeffrey Sachs was sent as a consultant and new President Gonzalo Sànchez de Lozada reined in inflation in the 1990s by severely cutting government spending. While Bolivia remained a very poor country, the authors argue that it is better off now because its inflation was curtailed. They also argue that Bolivia's example vindicates the bad reputation free-market economics acquired in Chile as Bolivia's reforms came after a democratic election.
Carlos Mesa
Democracy is in danger in Bolivia as the result of legitimate pressures from the poor. We cannot generate economic growth and well-being for a few and then expect that the large majorities that are excluded will watch silently and patiently. We poor countries demand that our products be admitted into the markets of rich countries in adequate conditions.