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Republic of Bolivia Republica de Bolivia Capital: La Paz, Sucre ~ Babawande Afolabi
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The Bolivian Basics… Government: Republic (Democracy) President: Juan Evo Morales Ayma, Alvaro Garcia Linera (VP) Currency: Boliviano (BOB) Natural Resources: Tin, natural gas, petroleum, zinc, antimony, silver, iron Exports: Natural gas, Soybeans and soy products, zinc ore, tin Partners-in-exports: Brazil 44.2%, US 12.5%, Argentina 10.9%, Colombia 7.8%, Peru 4.8% Imports: Petroleum products, plastics, paper, aircraft and aircraft parts Import Partners: Brazil 21.9%, Argentina 16.7%, US 13.8%, Chile 6.9%, Peru 6.5%, Japan 6.1%, China 5.8%
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The Bolivian Geography/Demography Area: 1,098,580 sq km Population: 9,119,152 Population Density: 8.3/km 2 Population Growth Rate: 1.42% Net Migration Rate: -1.18 migrants/1000 population Life Expectancy: 66.19 years (total population), 63.53 years (Male), 68.97 years (Female) Ethnic Groups: Quechua 30%, Mestizo 30%, Aymara 25%, white 15% Religion: Roman Catholic 95%, Protestant 5% Language: Spanish, Quechua & Aymara
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The Bolivian Economy… GDP (PPP): $27.21 billion GDP (Official exchange rate): $10.22 billion GDP (per capita; PPP): $3,000 GDP (Real growth rate): 3.3% GDP composition: Agriculture 12.8%, Industry 36.1%, Services 51.2% Inflation rate: 4.3% Unemployment rate: 7.8% Government Budget: $4.153 billion (Revenue), $3.619 billion (Expenditure) Current Account Balance: $688million Public Debt: 21.7% of GDP
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Regional Free Trade Areas… Major Trading Partners – Brazil, US, Venezuela, Peru, Argentina, Colombia, Chile, China, Japan Bolivia and the International Trade Center (ITC) partnership The Andean Group Mercosur Possibility of a merger like the EU
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Bolivia’s External Relations… Bolivia has a smooth relationship with the United States The fight for the Atacama corridor (Bolivia VS Chile)
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Bolivia’s Fiscal Policy Bolivia has been running a budget deficit for the past five years Year20032004200520062007 * Budget Balance (% of GDP) -7.9%-5.5%-2.1%-2.3%-2.8% * Estimated
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Monetary and exchange rate policy Banco de Bolivia and nine private banks Foreign participation and investment are allowed in Bolivian banks About 90% of Bolivian bank deposits are held in US dollars
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Bolivia’s Social Policy… Social Security privatized Availability of social welfare for the disabled and pregnant women Limited funds for the unemployed, underemployed and families in need A huge divide between the rural and urban regions There is also a gender divide Seven year educational reform
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References Bolivia: History, Geography and Government (2006). Retrieved 5/15, 2007 from http://www.infoplease.com/ipa/A0107345.htmlhttp://www.infoplease.com/ipa/A0107345.html Bolivia: International Trade (2007). Retrieved 5/15, 2007 from http://unjobs.org/duty_stations/bolivia/topics/international-trade http://unjobs.org/duty_stations/bolivia/topics/international-trade CIA world factbook: Bolivia. (2007), from https://www.cia.gov/library/publications/the-world- factbook/geos/bl.html https://www.cia.gov/library/publications/the-world- factbook/geos/bl.html Country Profile: Bolivia (2006). Retrieved 5/15, 2007, from http://lcweb2.loc.gov/frd/cs/profiles/Bolivia.pdf http://lcweb2.loc.gov/frd/cs/profiles/Bolivia.pdf Country Reports: Bolivia (2007). Retrieved 5/15, 2007 from http://www.countryreports.org/country.aspx?countryid=31&country Name=Bolivia http://www.countryreports.org/country.aspx?countryid=31&country Name=Bolivia Mercosur Trade Center (2007). Retrieved 5/15, 2007 from http://www.mercosurtc.com/ http://www.mercosurtc.com/
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