A Growth Collapse with Point Resources: Bolivia

Richard M. Auty and J. L. Evia

in Resource Abundance and Economic Development

Published in print October 2004 | ISBN: 9780199275786
Published online April 2005 | e-ISBN: 9780191602160 | DOI:

Series: WIDER Studies in Development Economics

A Growth Collapse with Point Resources: Bolivia

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This chapter examines the growth collapse in Bolivia in the mid-1980s. It is shown that a series of factional governments pushed the mineral-driven Bolivian economy into the staple strap development trajectory since the early 1960s. Bolivia can realise new economic opportunities if its government adheres to the basic principles of environmental and natural resource accounting, and maintains market discipline. These can be achieved through a consensual democracy.

Keywords: Bolivia; economic development; resource-abundant countries; staple strap model; growth collapse

Chapter.  6613 words. 

Subjects: Economic Development and Growth

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