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Bolivia

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Issue:

Business

 

Written by:

Marilyn K

 

Date added:

November 1, 2014

 

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Grade:

A

 

No of pages / words:

3 / 735

 

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2491 times

 

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A high demand for the drug in the U.S. and Europe coupled with a disorganized political state allowed for the "coca boom"of the mid 1980's. Between 1980 and 1986, the production of coca grew by about 35% annually. That is, until the U.S. sponsored the eradication of this illegal narcotic which was used in 80% of the worlds' cocaine production at its peak...
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That is, until the U.S. sponsored the eradication of this illegal narcotic which was used in 80% of the worlds' cocaine production at its peak. This was a huge blow to the Bolivian economy, especially the peasant classes (Wikipedia). A second major blow to the Bolivian economy was the decline of tin production in the early 1980's...
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