Bolivia On The Brink - Nationalizes Us Company, Ashmore Natural Gas This Time
The country of Bolivia has been very busy nationalizing businesses and industry in their country. They have done this with water filtration plants, natural resource mines, as well as gas and oil industries. This includes; all of the infrastructure, such as pipelines. Just the other day the Bolivian government made a bold move to take natural gas pipelines and infrastructure from foreign businesses that had put up millions of dollars in investment.
Foreign investment especially in infrastructure is very important to third world and emerging economies. Hugo Chavez of Venezuela has also nationalized or stolen vast amounts of industrial infrastructure that was capitalized with foreign investment; once nationalized Venezuela’s governmental owned industrial businesses became very weak and inefficient. Bolivia has attempted to duplicate what Venezuela has done and unfortunately had the exact same results.
To make up for the inefficiencies, Bolivia has nationalized other industrial capacity in its nation and stolen from foreign investors. These acts have hurt Bolivia’s standing in the international community and that has hurt all emerging nations that are also looking for capitalization of infrastructure and foreign investment. Is Bolivia on the brink of collapse; unable to get loans, and unable to run important infrastructure industrial businesses at their full potential?
Is this seizing of Ashmore Natural Gas Company and Shell Oil’s pipelines a bad move for Bolivia? Many international economists believe it was and that this will make it very difficult in the future for Bolivia to survive with a strong economy. Such a bold move could send Bolivia back several decades.
“Lance Winslow” - Online Blog Content Service. If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/.
Tags: Ashmore Natural Gas, copper mines, evo, Nationalizes US Company, shell oil, Bolivia on the Brink