Bolivia: fastest growing economy in Americas

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Bolivia has reduced poverty and inequality more than any country in the Western Hemisphere over the last ten years by increasing the minimum wage 87%, doubling investment in schools and healthcare, and lowering the pension retirement age from 65 to 60. The government paid for these programs by increasing taxes on oil profits from 18% to 82%, which also allowed the country to eliminate its debt and amass the world’s largest surplus. Bolivia is now estimated to have the region’s fastest growing economy this year and next, according to the IMF. Share if we should follow Bolivia.

Evo Morales has proved that socialism doesn’t damage economies
Bolivia’s re-elected president has dumbfounded critics in Washington, the World Bank and the IMF. There are lessons for Britain’s left here

Read at: http://www.theguardian.com/commentisfree/2014/oct/14/evo-morales-reelected-socialism-doesnt-damage-economies-bolivia

Bolivia’s Economy Under Evo in 10 Graphs: http://www.cepr.net/index.php/blogs/the-americas-blog/bolivias-economy-under-evo-in-10-graphs

 

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