Water Privatization in Bolivia: Assessment
Bolivia is one of the poorest countries on the continent of South America. Under pressure from the World Bank, the water systems of several of Bolivia's poorest areas were put up for purchase by private investors. The privatization of water in Bolivia began in the latter 1990s, just a few years before the turn of the 21st century. The problem, the controversy, and the resistance continue into the 21st century with vigor. There have been uprisings by the local peoples, most recently in the area of Cochabamba, an area in which the water is owned by a private United States investor, Bechtel. Institutions such as the World Bank and the International Monetary Fund have advocated the privatization of water to developing countries as a means to improve their financial standing for decades. These institutions make claim that their intentions behind such support or advocacy was to be a better solution to economic growth as well as move more countries toward free market systems. The war for water in Bolivia rages on, exposing the objectives of the parties involved, the grievances of Bolivians, and the real life, experienced consequences of economic shifts. The situation in Bolivia demonstrates the complexity and the potential for water privatization programs around the globe, as access to drinkable water becomes an issue with increasing significance in the 21st century.
From the perspective of the local Bolivians whom are affected by water privatization, there are multiple reasons that fuel the protests and riots against...
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