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Bolivia Balances Political Stridency, Economic Pragmatism

Friday, May 25, 2012

Too often, political and economic analysts summarily lump Bolivia together with the rest of South America’s leftist governments.

That has not been a comfortable category to be in over the past decade, and recent developments on the continent -- such as Argentina’s nationalization of Spanish oil company YPF in April and Venezuela’s January announcement that it would withdraw from the World Bank-hosted International Center for Settlement of Investment Disputes, a key arbitration forum -- have only further rattled investors and governments. Even moderate Brazil has recently raised eyebrows with its tough treatment of multinational oil companies. ...

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