The political economy of post-neoliberalism in Bolivia: policies, elites, and the MAS government

With the ebbing of the pink tide, the MAS government in Bolivia remains as one of the most successful leftist governments that had been elected throughout Latin America since the late 1990s. In order to better understand this surprising success story, this paper analyses the political economy of the post-neoliberal model that has taken shape under MAS rule. More specifically, it looks at the interaction between the strategic orientation and the specific features of economic policy-making in Bolivia, on the one hand, and the evolving relationship of the MAS government with the country’s economic elites, on the other. The paper argues that Bolivia’s specific version of post-neoliberalism has facilitated increasingly cooperative relations between the government and economic elites, while the latter have themselves contributed to the consolidation of the former. At the same time, the analysis of the political economy of Bolivian post-neoliberalism also reveals its inherent fragility.