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Duncan H

Bolivia's Evo Morales: The calle gets restive | The Economist - 0 views

www.economist.com/...18285808

bolivia evo morales problems

shared by Duncan H on 08 Apr 11 - No Cached
  • Duncan H on 08 Apr 11
     
    Potential issues Evo Morales faces in his new term.
Duncan H

A Radical Gives Bolivia Some Stability - NYTimes.com - 0 views

www.nytimes.com/...18morales.html

politics economics

shared by Duncan H on 08 Apr 11 - No Cached
  • Feared as a radical move, the nationalization was in effect a renegotiation of terms with foreign energy companies that have stayed in Bolivia, attracted by the country’s bountiful natural gas reserves. Revenue from oil and natural gas climbed to 13.3 percent of gross domestic product in 2006 from 5 percent in 2004, according to the Center for Economic and Policy Research in Washington.
  • Feared as a radical move, the nationalization was in effect a renegotiation of terms with foreign energy companies that have stayed in Bolivia, attracted by the country’s bountiful natural gas reserves. Revenue from oil and natural gas climbed to 13.3 percent of gross domestic product in 2006 from 5 percent in 2004, according to the Center for Economic and Policy Research in Washington.
  • Duncan H on 08 Apr 11
     
    Perspectives on Evo from the New York Times
Josh Schwartz

Bolivian Official Arrested in U.S. for Drug Smiggling - 0 views

online.wsj.com/...3559604576176632502187182.html

shared by Josh Schwartz on 15 Apr 11 - No Cached
  • Josh Schwartz on 15 Apr 11
     
    Apparently Bolivia's cocaine production has increased by 50% in the past couple of years and Bolivia is the world's 3rd largest cocaine producer
Javier E

The End of the Latin American Left - 0 views

www.foreignpolicy.com/...the_latin_american_left_chavez

Venezuela leftist coalition leadership Latin America diplomacy foreign policy

shared by Javier E on 23 May 14 - No Cached
  • The question haunting the Latin American hard left, which Chávez has dominated in the last decade, is who will take his place.
  • In explaining the rise of the political left in Latin America over the past decade, Chávez's persona looms large. Politicians like Evo Morales, Rafael Correa, and Cristina Fernandez de Kirchner owe an enormous debt of gratitude to Chávez for laying the groundwork toward a renewed form of populism, Latin America's version of socialism.
  • Chávez's charisma and ruthless political genius fail to explain why he has been able to achieve such regional clout. Through a canny use of petrodollars, subsidies to political allies, and well-timed investments, Chávez has underwritten his Bolivarian revolution with cash -- and lots of it. But that effective constellation of money and charisma has now come out of alignmen
  • ...4 more annotations...
  • Several Latin American leaders would like to succeed him, but no one meets the necessary conditions: Cuba's blessing, a fat wallet, a country that carries enough demographic, political and economic weight, potent charisma, a willingness to take almost limitless risks, and sufficient autocratic control to allow him or her to devote major time to permanent revolution away from home.
  • Cuba has made Venezuela into its foreign-policy proxy, the Castro brothers need Caracas to remain the capital of the movement for it to retain any vitality. While Cuba is dependent on the roughly 100,000 barrels of heavily subsidized oil Chávez's regime supplies to Cuba daily, the island nation has a grip on Venezuela's intelligence apparatus and social programs. Chávez himself acknowledged last year that there are almost 45,000 Cuban "workers" manning many of his programs, though other sources speak of an even larger number. This strong connection allows Cuba to exercise a vicarious influence over many countries in the region. Caracas's clout in Latin America stems from Petrocaribe, a mechanism for helping Caribbean and Central American countries purchase cheap oil, and ALBA, an ideological alliance that promotes "21st century socialism."
  • Critical in all of this is the money at Maduro's disposal. The sales of PDVSA, the state-owned oil cash cow, amounted to $124.7 billion in 2011, of which one-fifth went to the state in the form of taxes and royalties, and another fourth was channeled directly into a panoply of social programs. This kind of management makes for very bad economics, a reason why the company needs to resort to debt to fund its basic capital expenditures, and for decreasing productivity,
  • China has helped mitigate the impact. The China Development Bank and the Industrial and Commercial Bank of China have lent Caracas $38 billion to fund some social programs, a bit of infrastructure spending, and purchases of Chinese products and services. Another $40 billion has been promised to fund part of the capital expenditures needed to maintain the flow of oil committed to Beijing.
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