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Article: Divisions stymie Bolivia's progress.
- Article from:
- Market Latin America
- Article date:
- June 1, 2005
CopyrightCOPYRIGHT 2005 Media Contact Resources, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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On the surface, Bolivia's macroeconomic statistics tell a moderately favorable story. The International Monetary Fund (IMF) is predicting that the country's GDP will grow 4.5 percent in 2005. In the mid-1990s, inflation got out of control and annual changes in the rate of inflation got into double digits.
Bolivia fell victim to the general global slowdown starting in 1999 when Bolivia's economy grew only 0.4 percent. Key analyses of the country's economy agree that a large part of the reason for Bolivia's vulnerability to the vagaries of global growth, or lack of it, is because Bolivia is almost exclusively dependent on commodities for export income.
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