Debt, Taxes, and War: The Political Economy of Bolivia,<i>c</i>. 1920–1935

Abstract

During the first thirty years of this century the Bolivian economy provided a classic example of export-led growth. Mining, with tin at the forefront, responded to the stimulus of both world demand and price, and was the leading sector of the economy. Tin exports increased five-fold from 1900 to 1929, and Bolivia's share of world production more than doubled, accounting for approximately a quarter of total world production from 1918 to 1929.