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Article: LEAVING LATIN AMERICA; U.S. companies weigh costs of doing business in hostile region.(PLUGGED IN - MARKETPLACE)
- Article from:
- The Washington Times (Washington, DC)
- Article date:
- April 6, 2009
CopyrightCOPYRIGHT 2009 The Washington Times LLC. 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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Byline: Martin Arostegui, THE WASHINGTON TIMES
SANTA CRUZ, Bolivia -- Some Latin American countries ruled by leftist governments are giving U.S. companies in the region a tough choice: They must either change their ways of doing business or pull out altogether.
Populist-inspired violence and government-led takeovers have taken a toll in Venezuela and Bolivia, which have tightened government control of natural resources and forced some multinational companies to renegotiate contracts.
In addition, nations have joined a trading bloc formed by Venezuelan President Hugo Chavez, partly to counter U.S.-led initiatives to create a hemispheric ...