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"Latin America's petro states have generally failed to invest adequately in local infrastructure or keep pace with the rising expectations of their populations. Chronic mismanagement of indigenous infrastructure, poor planning, and endemic corruption have contributed to the problem, as have frozen tariff levels for water and power, providing a disincentive to conserve resources. This has in turn contributed to a rising level of frustration among voters and raised question about whether 21st Century Socialism is ultimately any different than any other political movement in terms of rhetoric and deliverables."
Daniel Wagner, 21st Century Socialism's Impact on Latin American Economic Performance, 2009. |
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