Twenty‐First Century Socialism? The Elusive Search for a Post‐Neoliberal Development Model in Bolivia and Ecuador

The recent political, economic and social histories of Bolivia and Ecuador point to a broader, post‐neoliberal trend emerging in Latin America. Presidents Evo Morales and Rafael Correa have closely followed the basic model of twenty‐first‐century socialism as an alternative to free market capitalism. In theory, both leaders have successfully re‐founded their countries with new constitutions that encompass the interests of all sectors of society. In practice, however, we argue that a volatile economic climate, poorly implemented reforms, increased opposition, and low political tolerance all indicate limitations to the viability of twenty‐first‐century socialism as a post‐neoliberal development model.