Bolivia Swot Analysis
Information about Bolivia
Geography
Bolivia is a landlocked country in South American. It borders Peru and Chile to the west, Argentina and Paraguay to the south and Brazil to the east. Bolivia is home to the Altiplano plateau on which lives half the country’s population. The big cities of Oruro, Potosí, and La Paz are found in the plateau, which has an altitude of 11,910 ft (3,630 m). The north eastern and eastern lowlands of the Oriente make two-thirds of the country. This region is mainly forest and grassland. Bolivia also boasts of Lake Titicaca, which is the highest commercially traversable water body in the world. The lake stands at an altitude of 12,507 ft (3,812 m).
History
In pre-colonial period, Bolivia was part of the ancient …show more content…
Also, the Bolivian government passed a contentious hydrocarbons law that imposed significantly higher royalties and required foreign firms operating under risk-sharing contracts to surrender all production to the state energy company in exchange for a predetermined service fee. The 2007-2008 global financial recessions also slowed Bolivia’s economic growth. However, it reported the highest growth rate in South America in 2009. Since 2009, Bolivia’s economic growth has averaged 5.3%.
The economic growth can be explained by high commodity prices and trade surpluses. Other hindrances to Bolivia’s economic growth and sustainability are poor foreign investment policies for its mining and energy sectors, internal conflicts, and unstable global oil prices.
International Issues
Bolivia faces several international challenges such as international disputes, human trafficking, and illicit drug use and trafficking. On international disputes, Bolivia currently has a wrangle with Chile and Peru over Bolivia’s attempt to reclaim the Atacama corridor, which it ceded to Chile in 1884. Concerning human trafficking, Bolivia is a major source of children, men, and women for human trafficking cartels who traffic humans for sex slavery and forced labor. Bolivian women and girls are mainly sex trafficked to countries such as Brazil, Chile, Peru, Spain, and the
Geography
Bolivia is a landlocked country in South American. It borders Peru and Chile to the west, Argentina and Paraguay to the south and Brazil to the east. Bolivia is home to the Altiplano plateau on which lives half the country’s population. The big cities of Oruro, Potosí, and La Paz are found in the plateau, which has an altitude of 11,910 ft (3,630 m). The north eastern and eastern lowlands of the Oriente make two-thirds of the country. This region is mainly forest and grassland. Bolivia also boasts of Lake Titicaca, which is the highest commercially traversable water body in the world. The lake stands at an altitude of 12,507 ft (3,812 m).
History
In pre-colonial period, Bolivia was part of the ancient …show more content…
Also, the Bolivian government passed a contentious hydrocarbons law that imposed significantly higher royalties and required foreign firms operating under risk-sharing contracts to surrender all production to the state energy company in exchange for a predetermined service fee. The 2007-2008 global financial recessions also slowed Bolivia’s economic growth. However, it reported the highest growth rate in South America in 2009. Since 2009, Bolivia’s economic growth has averaged 5.3%.
The economic growth can be explained by high commodity prices and trade surpluses. Other hindrances to Bolivia’s economic growth and sustainability are poor foreign investment policies for its mining and energy sectors, internal conflicts, and unstable global oil prices.
International Issues
Bolivia faces several international challenges such as international disputes, human trafficking, and illicit drug use and trafficking. On international disputes, Bolivia currently has a wrangle with Chile and Peru over Bolivia’s attempt to reclaim the Atacama corridor, which it ceded to Chile in 1884. Concerning human trafficking, Bolivia is a major source of children, men, and women for human trafficking cartels who traffic humans for sex slavery and forced labor. Bolivian women and girls are mainly sex trafficked to countries such as Brazil, Chile, Peru, Spain, and the