Bolivia, a country in mid-South America. It stretches about 1,500 kilometers north and south and 1,300 kilometers east and west, Bolivia connects to the north and east by Brazil, southwest to Paraguay, south to Argentina, southwest to Chile, and northwest to Peru. Bolivia joins Lake Titicaca, the second largest lake in South America (after Lake Maracaibo), and Peru. The country has been banned since the loss of the Pacific coast to Chile in the Pacific War (1879-84), but agreements with neighboring countries have allowed direct access to the Pacific and Atlantic oceans. The constitutional capital is the historic city of Sucre, where the Supreme Court is set up, but the administrative capital is La Paz, where the main branches of law and government work.
Bolivia is traditionally considered a high country. Although one-third of its area is located in the Andes Mountains, most of the nation’s major cities are there, and for centuries high-rise areas have attracted the nation’s large amount of mining, commerce, and business investment. Towards the end of the 20th century, the geographical and economic landscape began to change as the eastern suburbs – especially the Santa Cruz department – developed rapidly.
The massive collision in Bolivia’s economy comes with a sharp fall in tea prices in the early 1980s, which has contributed to one of Bolivia’s main sources of revenue and one of its major mining industries. Since 1985, the Bolivian government has implemented a long-standing system of macroeconomic stability and structural restructuring aimed at maintaining price stability, creating conditions for continued growth, and reducing scarcity. A major change of custom service has significantly improved transparency in this area. The corresponding legislative changes have enhanced market share policies, particularly in the hydrocarbon and telecommunications sectors, which have encouraged private investment. Foreign investors are given global management.
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