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Bolivia: Political Upheaval Undercuts Latin America’s Socialist Fairy Tale

The flight of Bolivia’s president Evo Morales following street protests and an intervention by the country’s armed forces was in some ways the least unexpected turn of events making waves across Latin America’s political landscape. While for the last decade the Andean nation has been a beacon of stability and high growth, much of it came from generous but unsustainable fiscal policies ripe for implosion when commodities tanked. Faced with a gaping fiscal hole and a president in exile, will Bolivia follow the course of Venezuela, or the course of reforms?

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