Introduction : the myths floating around the giants -- Economic reform and growth : differing patterns and institutions -- Agriculture : still the most crowded sector -- Infrastructure : the dazzling difference -- High saving, low financial intermediation -- The pattern of burgeoning capitalism...

This paper discusses alternative adjustment patterns in Bolivia over the last three decades using a SAM-based model that explicitly separates formal from informal activities, includes separate accumulation balance adjustments for different economic agents, differentiates closures by periods of...