Twenty-First Century Socialism? The Elusive Search for a Post-Neoliberal Development Model in Bolivia and Ecuador

Abstract

The recent political, economic and social histories of Bolivia and Ecuador point to a broader, post-neoliberal trend emerging in Latin America. Presidents Evo Morales and Rafael Correa have closely followed the basic model of twenty-first-century socialism as an alternative to free market capitalism. In theory, both leaders have successfully re-founded their countries with new constitutions that encompass the interests of all sectors of society. In practice, however, we argue that a volatile economic climate, poorly implemented reforms, increased opposition, and low political tolerance all indicate limitations to the viability of twenty-first-century socialism as a post-neoliberal development model.