Bolivia was once home to the world’s largest silver mine, San Luis Potosi, during the Spanish colonial period. It entered the twentieth century with a large underdeveloped indigenous and mestizo population and a small European elite who controlled the State.
Bolivia is essentially a producer of primary products for the international market based on the exploitation of deposits on it’s extensive land area. Growth over several decades has averaged about 4% a year which, given the rate of population growth, has led to a modest rise in living standards. There was a prolonged downturn in the 1980's coinciding with the Latin American debt crisis but with Brady Plan relief and other adjustments at the end of the decade this crisis passed.
Evo Morales has been President since 2005 and he introduced the MESCP (Modelo Economico Social Comunitario Productivo) which is essentially a Socialist program to integrate the indigenous and marginalised community into the economy. The economy has grown throughout this period but there are a number of issues that require attention if it is to continue to progress; exploitation of lithium deposits - this has barely commenced in Bolivia but is already advanced in Chile and Argentina, and, new markets for natural gas exports given that exports to Brazil and Argentina have peaked.
The recent ousting of Morales and the consequent political and diplomatic events don’t invalidate the main arguments in this study which is concerned with the long term underlying factors.
Contents
Introduction
The Modern Period
The Current Era
The Modern State
Economics from the Ground Up
Political Systems
Trade Theory
The EU as a Model of Integration
Industrialisation
Synopsis
Data
World GDP 2018
World GDP PPP 2018
GDP per capita ppp 2018
Exports & Imports 2018
Container Traffic 2010 & 2018
Oil/Liquids Prod/Cons 2018
Migrant Remittances 2018
Tourism Statistics 2017
Tourism Americas 2017
Latin America
Background
The US and Latin America
Economy
The EU and Latin America
Mercosur
World Exports 2000-2018
Bolivia
Introduction
Political History
Economic Reforms
MESCP
Recent Economic History
State Finances
Going Forward
Charts & Chart Commentary
Sources
66 pages
Bolivia 2020
- Product Code: ISSN 2014-5063 (2020) No 2
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