Daily Archives: January 8, 2012

Bolivia is exposed and is vulnerable to the international economic crisis

Los Tiempos issued a report that warns about the international economic crisis, despite the continuing positive governmental statements that our economy is “armored,” this article reflects on important information, for full Spanish article please use link below:

More than the 55 percent of Bolivian exports has as destination countries that, if all forecasts are met, will continue to be affected or will have a slow down this year by the crisis of the public debt in Europe and United States.

Directly and indirectly, Bolivian sales abroad would be affected. Brazil, the main partner of the country, is closely linked to Europe and Asia, as well as Argentina. United States is the third destination for our domestic products and in recent years foreign trade with Asian countries, particularly China, has grown to a large extent.

In addition, other minor partners, as Chile, are much more exposed by its relations with Asia, continent who sell especially their raw materials. If the Asian giants fail to demand it is possible that markets for Bolivian products will also do the same and therefore buy less of the country.

http://www.lostiempos.com/diario/actualidad/economia/20120108/el-pais-esta-expuesto-a-la-crisis_156060_325280.html

In other words, if our current government remains in the limbo, we as families and our private sector must take some precautions like finding new markets, diversify or slow down your production and try reducing personnel in a “less conflicting and peaceful manner.” With regard to our domestic/family finances, well use your income more wisely, pay your loans, sped less on luxury goods, attend less concerts and spend vacation inside Bolivia and holidays home. Save for the education of your children, have a good health plan and pray for a better government. And for those of you that with lots of sacrifice are sending monies home, avoid sending the last iPhone, laptop, or other goods, instead save for the hard difficult times that are ahead.