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...rival cocaine refiners in Cali and elsewhere have stepped in to fill the void. Raw coca from Bolivia and Peru is plentiful and will remain so. Leaders of the Andean governments have rejected U.S. State Department plans for wholesale eradication, arguing that such an approach would starve and radicalize hundreds of thousands of peasants for whom coca leaves are a valuable cash crop. Moreover, heroin is making a frightening comeback in some areas. Thanks to bumper crops of opium in insurgent-controlled northeastern Burma, Southeast Asian heroin traffickers are flooding New York and New Jersey with moderately priced, high-quality...

Author: /time Magazine | Title: The War on Drugs: A Losing Battle | 12/3/1990 | See Source »

...Bolivia and Peru. The coca cash cow continues to feed the economies of both countries, providing peasant farmers with a lucrative crop. Bolivia obtains more than a third of its $1.2 billion in foreign exchange from cocaine, while Peru gets about a quarter of its $4 billion. Although both nations would like to cease their dependence on cocaine, they dare not press too strongly for fear of provoking civil unrest. In Bolivia the use of U.S. troops in 1986 to destroy drug labs sparked violent protests. Peru's new President, Alberto Fujimori, fearful of pushing recruits into the arms...

Author: /time Magazine | Title: Meanwhile, In Latin America | 12/3/1990 | See Source »

...Sachs devised a plan for economic reform notunlike one he had implemented in Bolivia in themid-1980s. In short, Sachs recommended that thePolish government immediately reject socialism,move toward a market economy by decontrollingprices and allow them to settle at a marketequilbrium...

Author: By Brian R. Hecht, | Title: In Poland, It's Sachs Versus Socialism | 10/10/1990 | See Source »

Judging by his past record, Sachs has reason tobe confident. Using a similar shock therapytreatment under Sachs's guidance, Bolivia becamethe only Latin American nation to endhyperinflation in the 1980s. Sachs now advises allthree political parties in Bolivia, including onethat harshly criticized his economic reforms...

Author: By Brian R. Hecht, | Title: In Poland, It's Sachs Versus Socialism | 10/10/1990 | See Source »

...have braved the trailing route know it can be rough. Last February, Ray Victurine, 35, left a job with an international agency in La Paz, Bolivia, to follow his wife to Seattle, where she had landed a job with a family and health organization. Four wageless months passed before Victurine found consulting work and settled on entering a Ph.D. program. "You begin to question your self-esteem," he admits...

Author: /time Magazine | Title: Living: When Jobs Clash | 9/3/1990 | See Source »

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