ECLAC suggests change of Bolivian extractivist model, after wasting over $160 billion dollars!

El Diario reports:

ECLAC suggests change of extractivist model

• A new paradigm must be applied that will contribute to put to an end the economic, social and environmental inequalities, in order to move towards sustainable development, according to the institution.
• In Bolivia, the low oil price affected the economy and the oil income in the last three years. In addition, the document warns that social inequality is rising in the region.

Bolivia entered a process of economic slowdown due to the sharp decline in oil revenues. In that framework, the executive secretary of the Economic Commission for Latin America and the Caribbean (ECLAC), Alicia Bárcena, urged the rethinking of the economic model and a new paradigm that will contribute to putting an end to economic, social and environmental inequalities, while advancing with greater impetus towards sustainable development.

It also indicates that economic, social and environmental inequality will force the region to change the economic model based on exports of extractive goods and considers that a large majority of the continent’s economies are based on the sale of raw natural resources.

Bolivia is no exception, as the low oil price has affected the economy and oil revenue in the last three years.

On the other hand, she said that Latin America requires an industrial policy and serious diversification of production with a view to greater growth and development. The ECLAC has advocated in recent years the new paradigm, based on the so-called productive transformation.

The delusions of grandeur that the coca grower caudillo has had over the last eleven years in the presidency, has led to waste over $160 billion dollars, there has not been a single sustainable job created during this government. Instead, anarchy, smuggling, narcotraffick and rampant corruption has managed to destroy Bolivian institutions.

The best economic time ever in our history, with enough resources to boost real development, wasted due to the populist demagogue and ochlocratic government!


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