Though Bolivia is rich in resources, it is one of the poorest countries and least developed countries in South America with 50 percent of its population below the poverty line. Bolivia’s economy is based on agriculture, foresting, fishing, mining, and manufacturing goods. Bolivia has become dependent on its non-fuel materials to strengthen its economy. Bolivia’s economic freedom score is 46.8 making it the 163rd freest in the 2013 index. Bolivia is ranked 26th out of 29 countries in the South and Central American regions and its overall score is far below the world and regional averages. Mining is becoming a vital part of the Bolivian economy and has known natural reserves, but due to lack of infrastructure and roads that travel across the
In this report I will give a brief overview of the history, economy and culture of Bolivia. Bolivia was one of the first countries in the Spanish Empire to attempt a break from Spain, but it was one of the last to succeed. The Spanish
Bolivia is a very cultural place with a unique background. Bolivia has very few jobs in agriculture but many jobs in other departments. Bolivian families can include several children before marriage and can range even further after. Health care is very rare and not easily accessible. Many crops are common here, however, they have very uncommon ways of preparing their product. Many devastating agricultural issues plague Bolivia. Families in Bolivia who farm are usually poor for many reasons. Malnutrition is a large issue in Bolivians daily lives. Bolivia's water supply it tainted and cause millions of deaths per year. Education for rural children is very low as well as insufficient.
The capital of Bolivia is La Paz. Bolivia is the most impecunious country in South America, which is depressing, but things have gotten better over the past 20 years. La Paz is the highest capital in the world, sitting about 12,000 feet above sea level. La Paz translates to “the peace,” which is abbreviated for “the Peace of Ayacucho.” They had an unscrupulous government, taking money from our people, affecting its economy in a terrible way. Bolivia has the second biggest area of natural gas in South America and also has El Mutun, which is the world’s biggest amount of magnesium and iron, but it is difficult for people to utilize our crops to acquire richness because of its terrible environment and horrible government. The Peace of Ayacucho
Bolivia's current leader is Evo Morales. He has been president of Bolivia since 2006. Bolivia’s life expectancy is 69 for males and 73 for females. As of 2016 Bolivia’s population is about 10.89 million. The main trade products of Bolivia are petroleum, zinc ore, gold, precious metal ore, and soy bean meal.
While Argentina reported commendable economic growth and development in the early 20th century, it faces significant economic challenges due to increased disparities in income inequality. In fact, evidence shows that Argentina was one of the richest countries on the globe, with low poverty rates and high per capita income. Although the current economic status of Latin America is well-off compared to many regions of the world, the income inequality witnessed in many countries in the area has been instrumental in exacerbating the already heightened poverty levels. According to UNDP report, Argentina has managed to register unique human development
The economy of Bolivia is the 95th largest economy in the world in nominal terms. The World Bank classifies Bolivia to be a lower middle income country.
Where in countries such as Chile and Argentina, policies have been implemented favoring MNCs as opposed to indigenous people. These policies have given these MNCs more or less absolute right to remove indigenous people from mineral rich land. (Gordon & Webber, 69) Furthermore, mining projects such as the Pascua Lima gold mine can have massive externalities both socially and environmentally. The proposed plan to transfer roughly 10 hectares of glacier sitting above the Huasca Valley would have robbed farmers of their water source, drastically altered local habitats and the cyanide run off from cyanide heaping would have contaminated local water. (Gordon & Webber,
The relationship between political and economic structures, in the case of Bolivia, are inherently intertwined. Historic political leadership has resulted in economic demise for
Bolivia has endured poverty and governmental instability since 1825, when the Napoleonic wars ended and the nation gained independence from Spain. Bolivia currently has a per capita income less than one third of most other Latin American countries, and more than half of its citizens living below the poverty line. Cochabamba is Bolivia's third largest city with a population of 600,000. Cochabamba experienced a water crisis in which only 57% of the city's population had water coverage until the public utility (SEMAPA) and the Bolivian government took action toward this in the late nineties. The World Bank and IMF offered a $14 million loan and $600 million in debt relief to Bolivia, under the requirement that Bolivia privatized Cochabamba's water. Advocates of this deal believed that corporate control would allow the water to reach more people and be provided more efficiently.
Modern-day Bolivia is a unique place. The main religion of it is Roman Catholic. Its official name is the Plurinational State of Bolivia. Its predominant economic activities include agriculture, fishing, mining, and manufacturing things such as textiles(fabrics), clothes, refined metals, and refined petroleum. Bolivia is very plentiful with tin as well. The population is approx. 10 million, and with people of multiple ethnicities as well, including Amerindians(Native Americans), Mestizos, Europeans, Asians and Africans.
Ever since I was a little girl, I was always active. Whether it be running down the stairs, playing a sport or experimenting different dance classes, I was always moving. I started playing volleyball since I was eight but stopped when I was fourteen. Now, as a college freshman I’ve decided to start playing again, as a leisure activity.
Some scholars agree that this is possible because of Bolivia’s emerging socio-political and economic sectors. On the socio-political level, the elected representatives form part of groups that have been historically excluded from both political and economic power thought Bolivian history. Economically, Bolivia has been experiencing a remarkable recovery from previous economic devastations and a slow period of growth by implementing good economic and financial policies. With an average growth of 4.8%, and 6.5% in 2013, the government assumes the responsibility of producing and distributing its national wealth by reestablishing its economic task on the public sector. By acquiring a social, multinational and communitarian figure, it is indispensible for the state to design a new productive form of rationalizing government spending. In doing so, the government created four different national strategies in base of the National Development Plan. Bolivia Digna, includes social polices pertaining the recognition of excluded sectors of society and the inclusion of indigenous knowledge in the social and cultural life of the country. Bolivia Soberana is based on the set of relations with other countries at the global level by defending national and cultural values. Bolicia Productiva, as implied by its name, is the strategic sector of the economy: hydrocarbons, mining, electricity production, etc. Finally, Bolivia Democrática aims to found Bolivia as a Plurinational state by intensifying democracy in political, economic and social decision-making. Hence, it is evident that the governments overall goal is to construct a decolonized state, where it can express power over popular sectors, indigenous municipalities,
scale of 1 to 10, with 10 being the most legitimate, Bolivia is a 7.Let me explain my reasoning.
Since the 1990’s, Chile’s economy has flourished almost effortlessly. Overcoming many of the problems it was faced with, Chile has “earned a reputation for being the best-managed economy in Latin America” (Flannery). The country was able to efficiently rebuild the economy in 2011-2012 after the financial crisis put a dent in growth and “increased the GDP by roughly 8.4 percent” (COHA). Chileans attribute much of their success to copper sales, with them being the “leading producer of the metal in the world” (COHA) and a majority of their economy relying on copper prices. However, while progress has slowed in recent years it does not explain the gradual resolving poverty rate in Chile. Chile’s poverty level does not correlate accordingly to its booming economy. In comparison to developing countries like Peru, ranked fourteenth for population below poverty line, Chile is only ranked twelfth but is number one in GDP for Latin America versus Peru’s ranking at eight
The beautiful country of Bolivia is located on the Western side of South America. There are two capital cities for Bolivia, La Paz is the administrative capital and Sucre is the constitutional capital. Bolivia is named after Simon Bolivar, the “liberator” a fighter who gained freedom for Bolivia in 1825. Before Bolivar had freed the Bolivians, Spain had originally ruled Bolivia during their search for precious metals. Over half of Bolivia’s population belongs to the Mestizo people, an ethnic group of indigenous people and European descendants. Bolivia ranks near the bottom of the demographic profile of Latin America due to the levels of poverty, education availability, malnutrition, and life expectancy. Bolivia needs to act now to repair some of these issues the country is facing today.