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A kick to liberal governance in Bolivia

10/10/2014

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Bolivia votes this Sunday, October 12, for its next President and it looks like the outcome is already decided- although not for the reasons you're thinking. Evo Morales, Bolivia's leftist, firebrand President since 2005, seems to have done more than lob the traditional barbs at the United States to drum up popular support, his policies have also sparked strong and equitable growth in the country: 

  • GDP per capita has grown at 3% under Morales compared with .09% growth int he previous decade. 
  • International reserves have increased from 12.1% to 48.4% of GDP from 2003-2013. 
  • The re-nationalization of the oil and gas sector in 2006 has increased hydrocarbon revenues by 25.2 percentage points of GDP. 
  • Foreign Direct Investment, at 5.9% of GDP, is the highest in South America. 
  • Over the past 8 years, total public investment doubled as a percentage of GDP. 
  • Poverty has been reduced by 25% and extreme poverty by 43%. 
  • Income inequality is decreasing- the top decile's income growth grew by 0.1% while the bottom decile's grew by 14.4%.


So beside thinking the CIA hidden in every cabinet and carrying Edward Snowden as a stowaway, Evo Morales has kept surprisingly busy building a solid stat-sheet for re-election. 


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