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RESOLVING THE BOLIVIAN GAS CRISIS: LESSONS FROM BOLIVIA'S BRUSH WITH INTERNATIONAL ARBITRATION
- Article from:
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The George Washington International Law Review
- Article date:
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August 10, 2007
- Author:
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Copyright informationCopyright George Washington University, National Law Center 2007. Provided by ProQuest LLC. (Hide copyright information)
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It is true that Bolivia needs partners, not owners of our natural resources. . . . We will guarantee that the corporations have every right to recover what they have invested and have the right to profit, we only want that this profit be with a principle of balance, that the State, the people wil
l benefit from these natural resources.1
INTRODUCTION
Bolivia now "has the second-largest natural gas reserves in South America,"2 yet it remains the poorest country in South America.3 While over half of the Bolivian population lives below the poverty line, foreign petroleum companies were enjoying profit margins of over 80 percent until recently.4 In May 2007, President Evo Morales took the ...
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