Word: bolivia
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Since his landslide election win in December, Bolivian President Evo Morales, an Aymara Indian, has turned South America's poorest nation into a hemispheric player. His recent nationalization of Bolivia's oil and natural-gas reserves has made him, along with Venezuelan President Hugo Chávez, a leader of a leftist surge in Latin American politics. It has also put Morales at odds with the U.S., which he is scheduled to visit in June. Morales, 46, talked with TIME's Tim Padgett and Jean Friedman-Rudovsky last week at the presidential palace in the Bolivian capital...
TIME You're a democratically elected President, yet U.S. President George W. Bush remarked this week that he fears "an erosion of democracy" in Bolivia...
...back.†From a summer exchange in Mexico her sophomore year of high school, to an undergraduate thesis on Chile, to serving in the Peace Corps in Latin America, and finally to graduate dissertation research in Mexico, Grindle has traveled all over the region and helped Bolivia and other countries establish graduate schools of public policy. “Latin America is a fascinating region of the world confronting the most significant issues of our time that have to do with economic growth, with the emergence and sustainability of democracy, with issues of equality,†said...
...time has come ... The looting by foreign companies has ended." EVO MORALES, President of Bolivia, after nationalizing the country's oil and gas industries...
...Bolivia's actions in many ways simply mirrored Chavez's very similar moves. Venezuela's oil industry was nationalized 30 years ago, but last month Chavez himself put the screws on foreign oil and gas firms operating in Venezuela by raising their taxes and royalties and forcing them to concede majority stakes in their projects to the government. Few plan to pull out of Venezuela, however, given the record profits they're earning there. And with crude prices at astronomical levels, Chavez has used his petro-largesse - including programs to provide cash-strapped neighbors with cheaper access to Venezuelan...