Abstract
Since 2006, Bolivia has made major changes to its economic policy and development strategy, especially with regard to the treatment of foreign capital. Analysis of the change in foreign direct investment policy as applied to the oil and gas industry reveals that it has produced greater state involvement in and control of oil revenues but no great strides in gas investment, production, or industrialization. This result contributes to the current debate on whether foreign direct investment policy is the best means of development for resource-rich countries. Desde 2006, Bolivia ha implementado grandes cambios en su política económica y sus estrategias de desarrollo, especialmente con relación al trato del capital extranjero. El análisis del cambio en la política sobre la inversión extranjera directa en la industria del petróleo y el gas revela que esa nueva política ha producido una mayor participación del estado en ese sector y un mayor control de los ingresos del petróleo pero no grandes avances en la inversión, producción e industrialización de esos recursos. Este resultado contribuye grandemente al debate actual sobre si la política sobre la inversión extranjera directa es el mejor medio de desarrollo para los países ricos en recursos naturales.
Published Version
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