Bolivia

Bolivia is officially designated as Republic of Bolivia, named after Simon Bolivar. The landlocked country shares its borders with Brazil, Paraguay, Argentina, Chile and Peru. Bolivia was colonized by Spanish imperial powers and it was not until 1825 that Bolivia could gain independence from Spain. The political activities in Bolivia have always been on the rise. The period following the colonial rule was marked by the Republic instability. The governing started from the emergence of Nationalist Revolutionary Movement in 1951. Since then, various factions have ruled the country, though all were accompanied by hiccups.

Bolivian culture has been marked by the tinge of the Quechua, Aymara and other traditions of Latin America. Carnaval de Oruro is one of the most followed festivals in the country besides having an enormous fan-following for soccer. The economy of Bolivia has been on a narrow gauge track since early times. The main reason for economic meagerness is attributed to the political instability and tough topography. The main elements that have boosted economy of the country have been silver, cocoa, tin and the mining industry. The economic infrastructure of the country has shown a boom in the past few years, with the result of which the value of Bolivian exports has picked pace and foreign investment also has seen a brighter side. With the country progressing rapidly on economic as well as on terms of globalization, Bolivia is sure to make a mark on international stage.

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