Bolivia's economic model was based on natural gas and because production has fallen that's going to be a real problem for the economy. The current president Luis Arce said there's no need to devalue the Boliviano or remove subsidies. Two thirds of Bolivian's work in the informal sector which is one of the highest shares in the world. Bolivia might have a savior in lithium but it has very serious structural issues that it has built up over the last 20 years.
AS A GAS // As a gas producer, the state was able to build up enormous reserves. But failing to pivot when global prices fell has created debt, a dollar shortage and rampant panic. The exposure of Western companies to China suggests both poles are closer than politics suggests. And, the Italian team upsetting the status quo of European football.
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