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Economy & Business - March 2008 (ISSN 1741-7430)

International capitalism flourishes... in Bolivia

The financial crisis in the US and the rescue of a US investment bank, Bear Stearns, has prompted a raft of commentary about a crisis in international capitalism. This sits oddly with what is happening in Latin America, the scene of so many financial and economic crises, where financial markets, entrepreneurship and market solutions to economic problems, are all in rude health. The most telling symptom of this glowing health is the first ever public debt issue on the domestic Bolivian capital market.

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