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Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. A prolonged commodities slump has caused Indonesia’s economy to slow drastically. Last year, Indonesia saw its slowest growth rate since 2002; the currency lost 11 percent of its value; and trade levels were at their lowest since the Asian financial crisis in the late 1990s. In an email interview, Arianto Patunru, a fellow in the Arndt-Corden department of economics at the Australian National University’s Crawford School of Public Policy, discussed Indonesia’s economy and its dependence on commodities […]

Editor’s note: This article is part of an ongoing WPR series on the impact of falling oil and commodities prices on resource-exporting countries. Bolivian President Evo Morales has overseen remarkable economic growth since he took office in 2006, and last year the economy grew by 5.4 percent, thanks in large part to exports of gas and other natural resources. In an email interview, Jean-Paul Faguet, professor of the political economy of development at the London School of Economics, discussed Bolivia’s economy and its dependence on commodities. WPR: How effectively has the Bolivian government used the past decade’s commodity boom to […]

Miguel Rodriguez can’t quite believe what he’s planning to do on Dec. 6. A father of six, the 47-year-old farmer in Venezuela’s central state of Aragua has voted for the late Hugo Chavez, or for Chavez’s followers and initiatives, in all 17 elections since Chavez was first elected president in 1998. But Rodriguez is breaking his streak this year, abandoning Chavez’s anointed successor, President Nicolas Maduro, and vowing to vote for Chavez’s opponents in the Dec. 6 congressional elections. “I believed in Chavez and the revolution,” says Rodriguez, looking over his fields, which now lay fallow. “But now there is […]