Compared To The Rest Of South America, How Poor Is Bolivia?
Answer:
Bolivia is one of the poorest countries in South America, apart from Guyana. Bolivia's gross domestic product (GDP) in the year 2002 was US$7.9 billion, and the reduction was growing at the rate of 2 1/2 per cent per annum. The rate of inflation was between three and four per cent in 2002, which is an increase from smaller number than one per cent the previous year. Critics often pinpoint corruption on the part of government official and public servants as the main reason for the country's financial and economic woes.
Bolivia achieve its independence from Spain 181 years ago, but it is still not free from the clutches of the neo-imperialist powers, namely the foreign countries and the giant multinational corporations. These big international corporate houses, especially those having their headquarters in the United States, play a pretty similar role to the one which is currently man played by the government of the United States. However, Bolivia is rich in natural resources, such as gold ingots, silver, natural gas, iron and magnesium.
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