The book traces the twin processes of economic liberalization and political democratization in Bolivia since the 1980s, placing both in their historical context. By focusing on the issue of democratic 'viability', it seeks to raise the broader question of the relationship between democratization and the socio-economic context in which it takes place. In particular, it examines the institutional reforms of the early 1990s - praised by the World Bank and others - and considers their achievements and limitations.