Friday, November 23, 2007

Struggles for Economic Equality- Bolivia, A Sleeping Giant

It seems appropriate, following a holiday in America based primarily on consumption, especially in light of the focus on the use of fowl as the meat source on the American table, which, in giving life, can feed only a limited number of people (the average turkey provides enough meat for six to twenty Americans, while a cow could easily feed 40 people or more, or, possibly, in many developing countries, an entire village), to continue our discussion of South American economies. Today, we turn to a pivotal country for the American economy- Bolivia.

Bolivia currently struggles with an often single commodity based economic model, making it susceptible to advances from some of its Socialist neighbors. During its history, Bolivia's economy has focused on products such as tin, silver, and cocoa, with rare periods of economic diversification and an often inconsistent supply of labor. The primary focus of Bolivia's economy is agricultural, including sectors focusing on forestry or fishing. With a 2005 GDP of approximately 25 billion, recent economic development of Bolivia has been stymied both by increased government privatization and general economic downturn, especially in the dollar. Yet the potential for great leaps in economic equity for the people of Bolivia can be found in the large reserves of oil available. Currently primarily trading with its South American neighbors (Bolivia's biggest trade export partner are Brazil and Argentina, with the U.S. accounting for only approximately 13.8% of the total trade in 2005), the vast potential for trade and increased purchasing power will come from increased access to the hydrocarbon reserves. Without this increase in income, though, many Western companies avoid Bolivia, and continue to limit development, and lead to rampant and devastating inflation. Even in the areas of tourism, which add vast and desperately needed income to other areas of South America, Bolivia falls behind, with 2000 numbers at just over 300,000 visitors per year, a number that represents a decline-

What? Movie blog? I'm not posting to my OWN blog? I'm posting to a movie blog? I'm signed into the wrong blog? Ah, no, not again! I thought this was MY blog, "Economies of Latin and South America"!

Shit. Sorry. Uh, well, uh, "Cannonball Run"- great flick. Go see it. Or rent it or whatever. And lets all hope that Lindsay Lohan gets control of her life.

Sorry. Bye.

1 comment:

Mother Rertesa said...

Greatest post ever on this crappy blog!! I feel inspired and i am now booking a trip to Bolivia, where I can help the little Bolivia people develop their cute little economies! Thank you for bringing some light to a dingy and regularly weak blog, whoever you are, mystery poster!