Word: bolivia
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Dates: during 1980-1989
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...Drug trafficking has two facets: production and demand. If there were no demand, there would be no production. But production has many facets of its own, among them the poverty of our peasants in Bolivia, Peru and Colombia...
...Jeffrey Sachs, the glaring gap between rich and poor in Latin America is a major cause of the debt crisis that has racked the region. The boyish Harvard & economist, an adviser to debt-ridden countries from Bolivia to Poland, blames wealthy Latin elites for dodging taxes and arranging self-serving subsidies that have "sucked the blood" from many governments, forcing them to borrow heavily...
That blunt diagnosis is typical of Sachs, 34, an economics wunderkind who was a tenured professor at 29 and has become a champion of debt relief for developing countries. He first gained renown for his advice to Bolivia, which slashed its inflation rate from more than 20,000% in 1985 to 15% today. When Sachs visited Argentina last June, talk-show hosts rushed to schedule interviews. In a single hectic week last month, Sachs was in Peru and Brazil and then jetted to Warsaw, where he advises the new government...
...person can be attacked from so many directions, there hasn't been enough contact between sides" in the debt crisis. "Much of my work," he notes, "is just sitting quietly in a back room analyzing data with members of the government." Sachs did that on a 1986 trip to Bolivia, when he arrived to find that the Planning Minister had resigned and the government was ready to drop its anti-inflation program. But after examining the latest figures, Sachs argued that the program was sound and persuaded leaders to stick with...
Hundreds of thousands of peasants in Peru and Bolivia live by growing coca. Officials of both countries say there is little hope of eradicating the crop unless the growers have another way of making a living...