Without reserves: Bolivia faces an economic crisis
Apr 28, 2023
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Join Anna Lankes, who writes about Latin America for The Economist, and Mike Bird, the publication's Asia business and finance editor, as they dive into Bolivia's economic crisis fueled by dwindling gas reserves. They discuss the nation’s struggles with a dollar shortage and rising debt, alongside public distrust in its currency. The conversation also touches on the broader implications of the China-West relationship and how it shapes global markets, showcasing a fascinating intersection of local challenges and international dynamics.
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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