The Future of Bolivia

Paper Summary:

The paper examines the prerequisites for sustainable economic growth in Bolivia and attempts to assess the degree to which Bolivia possesses these. The paper goes on to show that at present, Bolivia is little more than untapped potential. The paper reveals that there are many significant obstacles and the Morales government appears to be determined to create more obstacles to growth. The paper contends that Bolivia's economy is headed in the wrong direction.

Outline:
Introduction and Thesis Statement
Prerequisites for Economic Growth
Analysis and Conclusion

From the Paper:

"Bolivia is one of the poorest countries in South America, yet has some of the most potentially valuable resource wealth on the continent. Recent political developments have thrust the country into a period of significant social and economic change, the results of which will determine Bolivia's economic fate for years to come. A positive result, however, is anything but certain. With a long history of political instability, some weak fundamentals, and a leftist government, Bolivia still has many challenges to overcome if its natural gas wealth is to be leveraged to create sustainable economic growth. Bolivia's future will hinge on the ability of the Morales government to turn oil and gas revenues into the fundamentals for economic growth. They will need to perform a delicate balancing act between their socialist ideals and creating the circumstances for foreign and domestic investment."

Sample of Sources Used:

• No author. (2008). CIA World Factbook: Bolivia. CIA. Retrieved October 2, 2008 from https://www.cia.gov/library/publications/the-world-factbook/geos/bl.html
• DeMoura, Helen. (2007). Four Bolivian Regions Declare Autonomy from Government. CNN. Retrieved October 2, 2008 from http://www.cnn.com/2007/WORLD/americas/12/15/bolivia.unrest/?iref=mpstoryview
• Garfield, Reed. (1997). Taxes and Long-Term Economic Growth. Joint Economic Committee. Retrieved October 2, 2008 from http://www.house.gov/jec/growth/longterm/longterm.htm
• Hanna, Hala. (2008). Bolivia Governance Diagnostics. World Bank. Retrieved October 2, 2008 from http://web.worldbank.org/WBSITE/EXTERNAL/WBI/EXTWBIGOVANTCOR/0,,contentMDK:20749210~isCURL:Y~pagePK:64168445~piPK:64168309~theSitePK:1740530,00.html
• No author. (2008). The Global Competitiveness Report 2007-2008. World Economic Forum. Retrieved October 2, 2008 from http://www.gcr.weforum.org/

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