Latin American Journal of Economic Development

With nearly 23 years of uninterrupted publication, the Latin American Journal of Economic Development (LAJED) has established itself as an essential reference for the dissemination of national and international research. Thanks to its high quality standards, the journal is now a key resource for academics, policymakers, and civil society leaders alike. This achievement is the result of the joint efforts of the Department of Economics and IISEC of Universidad Católica Boliviana “San Pablo”, the Sociedad de Economistas de Bolivia (SEBOL), and the Academia Boliviana de Ciencias Económicas (ABCE), institutions united by the shared purpose of promoting research and contributing to public debate. It is with great pleasure that we invite you to read issue 45 of the LAJED. We are confident that its reading will offer valuable lessons for the development of Bolivia and the region.