Hanke, Steve H.
November 2007
Forbes Asia;11/26/2007, Vol. 3 Issue 20, p88
The author reflects on the economic sinkholes in Latin America. He states that during the past five years, Latin America has reaped the benefits of surging commodity prices and low interest rates. Venezuela's economic performance under President Hugo Chávez has been anemic and its gross domestic product per capita has grown at an average rate of only 2 percent per year. He adds that to pull of a Bolivarian Revolution, President Rafael Correa of Ecuador must either dump dollarization or undermine it.


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