Bolivia’s failed economic model: From the ‘energy heart of South America’ to the risk of blackouts | Economy and Business | EL PAÍS English
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Bolivia’s failed economic model: From the ‘energy heart of South America’ to the risk of blackouts | Economy and Business | EL PAÍS English
Summary:
- The article examines Bolivia’s deteriorating economy under Evo Morales’ long leadership and the shift after 2014-2015. It argues that promises of making Bolivia “the energy heart of South America” and achieving energy sovereignty rested on robust gas exports, but reserves and investment did not keep pace with rhetoric.
- Key problems highlighted:
- Overstated energy ideals amid weak reserve verification and insufficient exploration by oil majors.
- Exports of
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