Ecuador, Bolivia Show That Even Small Developing Countries Can Pursue Independent Economic Policies, Stand Up for Their Rights, and Win

Among the conventional wisdom that we hear every day in the business press is that developing countries should bend over backwards to create a friendly climate for foreign corporations, follow orthodox (neo-liberal) macro-economic policy advice, strive to achieve an investment-grade sovereign credit rating so as to attract more foreign capital... Guess what country is expected to have the fastest economic growth in the Americas this year? Bolivia.