Growing Global Economies Flashcards
Where is Bolivia?
Located in south America
What has Bolivia challenged?
The free market philosophy
Who is Evo Morales?
First president of Bolivia to come from indigenous population
When was Evo Morales elected into power?
2006
How many terms did Evo Morales run Bolivia?
3
What was the pink tide?
When Bolivia allied with other South American countries turning away from the neo-liberal Washington consensus
What did Bolivia establish in 2007?
National coalition for change
What did Bolivia do with its resources?
Nationalised its resources (reverse privatisation) with profits going to the government instead of companies
What does in mean when saying Bolivia did import substitution?
Reduced primary exports and used these to boost domestic manufacturing of previously imported products
What did Bolivia do with wealth?
Redistributed wealth to the campesino (peasants) by guaranteeing prices for food products
How did the nationalisation of Bolivias oil and gas change the value received from the resources?
Companies used to claim 82% but Morale’s government now took 80%
What did the increased government wealth lead to in Bolivia?
Increased gas, electricity and telecommunications
Improved health care, education enrolment, pensions and income
Reduced wealth inequalities
Lower government debt
What TNC did Bolivia kick out in 2002?
Bechtel over privatisation scandal that dramatically increased water prices
What did Bolivia do in 2014 with US agencies and ambassadors?
Expelled them and called Obama an “imperialist”
How did Morale’s government benefit the poorest 10%?
Got 14% richer which went against the capitalist trend
