
Vietnam plans to eliminate all poor households and near-poor households by the end of 2020 through implementing vocational training, accessible quality education and affordable health care services. Poverty in Vietnam has been on a steady decline since 2010. In 2016, HCM City officials saw this decline in poverty as an opportunity to implement more poverty reduction efforts by taking multidimensional measures that tackle the main sources of poverty. Sustainable Poverty Reduction was created to eradicate all poor and near-poor households by 2020.
As of January, there were 103,000 poor and near-poor households in HCM City, less than five percent of all households. Since the project began, more than 60,620 poor households. Furthermore, 58,700 near-poor households in HCM City have risen above the poverty line.
Vocational Education and Training
One aspect of the Sustainable Poverty Reduction in Vietnam is vocational education and training (VET). This project is also known as “Renewal and Development of Vocational Training System by 2020.” It involves training rural workers and providing them information about employment trends and career advice. By 2020, this project predicts to increase the rate of skilled rural workers to 50 percent. Additionally, the plan aims to provide VET services to at least 90 percent of Vietnam’s working population and double rural incomes.
Vocational training has helped millions of people garner technical skills to utilize in the workforce. For instance, in 2017, more than 2 million people were enrolled in VET schools. To adapt to a rapidly growing economy, Vietnam’s workforce must transition from agriculture to service-oriented jobs. Similarly, VET services provide resources for rural workers to transition into more skillful and lucrative careers.
Employment in the agricultural sector has been dropping since 1997. About one million workers each year from 2011 to 2014 have transitioned to industry and service sectors.
Education
Along with VET services, Sustainable Poverty Reduction in Vietnam also includes other forms of education. City officials are working to further improve the quality and accessibility of education within poor communities. Education is vital to reducing poverty as most jobs in Vietnam require certain degrees and qualifications. Those with degrees in higher education are more likely to get hired. In 2017, among workers with professional and technical qualifications, 44.7 percent had university degrees and above, 15.8 percent had college degrees, 24 percent had intermediate degrees, and 15.6 percent had elementary certificates.
Education funding is Vietnam’s largest expenditure. It makes up 20 percent of the state budget. In 2012, Vietnam ranked 17th out of 65 countries in academic performance, ahead of countries such as the U.S. and France. Throughout 2015 and 2016, school enrollment was very high. Student enrollment numbers for early elementary students were eight million, five million lower-secondary students, and two million upper-secondary students. This is according to the General Statistics Office of Vietnam. Furthermore, in those same years, the upper-secondary school graduation rate was at 95 percent.
Health Care and Accommodation
This project also incorporates health care services and accommodation. More than 87 percent of the population has health care coverage. Furthermore, estimates indicate an increase to 90 percent by 2020. Health care is one of Vietnam’s weaker programs. However, it is gradually improving due to the increase in health care funding.
The government of Vietnam is dedicated to further expanding universal health care and ensuring poor and near-poor households have access to high-quality treatment and medicine. Vietnam’s Health Insurance Fund covers all hospital fees for poor ethnic minorities living in impoverished communities.
Future of the Vietnamese Economy
The poverty reduction in Vietnam is also attracting other nations to open up their markets to Vietnam. Vietnam is earning its place in the world stage as it begins to globalize its economy and develop trade relations. These relations are with major global players such as the country of China. The globalization of Vietnam’s economy may further expand job opportunities and continue to improve the standard of living. In 2017, there was a 6.7 percent increase in overseas employment. As a result, job opportunities are increasing in international labor markets.
Vietnam’s innovative approach proves a success story. In 1990, Vietnam was one of the poorest countries, facing the remnants of war and famine. In the following years, the country saw rapid economic growth and government officials utilized their resources to further strengthen the economy and lift Vietnam from decades of hardship and poverty. As 2020 approaches, poverty reduction in Vietnam continues as the country takes great measures and strides toward becoming a developed nation.
– Louise Macaraniag
Photo: Flickr
10 Facts About Life Expectancy in Kenya
One of the main effects resulting from this poverty is a very low life expectancy rate. The inverse relationship between wealth and life expectancy is largely due to the nature of poverty. For instance, the inability to see a doctor, access contraception, buy medicine, etc. all compound the chances of early mortality. Poverty has impacts beyond general health too, like exposing people dis-proportionally to unsafe living conditions.
This informs the reality in Kenya, where people over the age of 65 make up only 2.7 percent of the population, and the average life expectancy is only 59 years. Here are 10 facts about life expectancy in Kenya to help explain why that number is so low.
10 Facts About Life Expectancy in Kenya
– Liam Manion
Photo: Flickr
10 Facts About Human Trafficking in Thailand
Characterized by breathtaking beaches, delicious food and stunning temples, Thailand is often called the “Land of Smiles.” As the number one tourist destination in Southeast Asia, it is an extremely popular place for millions of people to visit every year. Unfortunately, with convenient routes that funnel women and children in and out of the country, Thailand has also become a popular destination for human traffickers. Here are 10 facts about human trafficking in Thailand.
10 Facts about Human Trafficking in Thailand
Efforts to Eliminate Human Trafficking in Thailand
These facts about human trafficking in Thailand reflect the severity of this problem on a global level. The Thai government has pledged to continue fighting the human trafficking epidemic in their country. In the last year, it partnered with airlines and charities to warn visitors against involvement in trafficking. Subsequently, they urged them to spot and report potential cases.
UNICEF has been particularly active in calling attention to child exploitation and in addressing its root causes. This organization provides economic support to families so that their children will not be at risk of sexual exploitation; it improves access to education and is a strong advocate for children’s rights.
Progress in reducing the human trafficking trade has been made in recent years. However, to make a widespread impact, the efforts of these nongovernmental organizations need to be aided by urgent government action. This action is essential to protect Thai citizens and migrant workers.
– GiGi Hogan
Photo: Flickr
Poverty Reduction in Vietnam: A Top Priority
Vietnam plans to eliminate all poor households and near-poor households by the end of 2020 through implementing vocational training, accessible quality education and affordable health care services. Poverty in Vietnam has been on a steady decline since 2010. In 2016, HCM City officials saw this decline in poverty as an opportunity to implement more poverty reduction efforts by taking multidimensional measures that tackle the main sources of poverty. Sustainable Poverty Reduction was created to eradicate all poor and near-poor households by 2020.
As of January, there were 103,000 poor and near-poor households in HCM City, less than five percent of all households. Since the project began, more than 60,620 poor households. Furthermore, 58,700 near-poor households in HCM City have risen above the poverty line.
Vocational Education and Training
One aspect of the Sustainable Poverty Reduction in Vietnam is vocational education and training (VET). This project is also known as “Renewal and Development of Vocational Training System by 2020.” It involves training rural workers and providing them information about employment trends and career advice. By 2020, this project predicts to increase the rate of skilled rural workers to 50 percent. Additionally, the plan aims to provide VET services to at least 90 percent of Vietnam’s working population and double rural incomes.
Vocational training has helped millions of people garner technical skills to utilize in the workforce. For instance, in 2017, more than 2 million people were enrolled in VET schools. To adapt to a rapidly growing economy, Vietnam’s workforce must transition from agriculture to service-oriented jobs. Similarly, VET services provide resources for rural workers to transition into more skillful and lucrative careers.
Employment in the agricultural sector has been dropping since 1997. About one million workers each year from 2011 to 2014 have transitioned to industry and service sectors.
Education
Along with VET services, Sustainable Poverty Reduction in Vietnam also includes other forms of education. City officials are working to further improve the quality and accessibility of education within poor communities. Education is vital to reducing poverty as most jobs in Vietnam require certain degrees and qualifications. Those with degrees in higher education are more likely to get hired. In 2017, among workers with professional and technical qualifications, 44.7 percent had university degrees and above, 15.8 percent had college degrees, 24 percent had intermediate degrees, and 15.6 percent had elementary certificates.
Education funding is Vietnam’s largest expenditure. It makes up 20 percent of the state budget. In 2012, Vietnam ranked 17th out of 65 countries in academic performance, ahead of countries such as the U.S. and France. Throughout 2015 and 2016, school enrollment was very high. Student enrollment numbers for early elementary students were eight million, five million lower-secondary students, and two million upper-secondary students. This is according to the General Statistics Office of Vietnam. Furthermore, in those same years, the upper-secondary school graduation rate was at 95 percent.
Health Care and Accommodation
This project also incorporates health care services and accommodation. More than 87 percent of the population has health care coverage. Furthermore, estimates indicate an increase to 90 percent by 2020. Health care is one of Vietnam’s weaker programs. However, it is gradually improving due to the increase in health care funding.
The government of Vietnam is dedicated to further expanding universal health care and ensuring poor and near-poor households have access to high-quality treatment and medicine. Vietnam’s Health Insurance Fund covers all hospital fees for poor ethnic minorities living in impoverished communities.
Future of the Vietnamese Economy
The poverty reduction in Vietnam is also attracting other nations to open up their markets to Vietnam. Vietnam is earning its place in the world stage as it begins to globalize its economy and develop trade relations. These relations are with major global players such as the country of China. The globalization of Vietnam’s economy may further expand job opportunities and continue to improve the standard of living. In 2017, there was a 6.7 percent increase in overseas employment. As a result, job opportunities are increasing in international labor markets.
Vietnam’s innovative approach proves a success story. In 1990, Vietnam was one of the poorest countries, facing the remnants of war and famine. In the following years, the country saw rapid economic growth and government officials utilized their resources to further strengthen the economy and lift Vietnam from decades of hardship and poverty. As 2020 approaches, poverty reduction in Vietnam continues as the country takes great measures and strides toward becoming a developed nation.
– Louise Macaraniag
Photo: Flickr
India Continues its Recovery from Cyclone Fani
More Damage from Cyclone Fani
Cyclone Fani caused widespread power outages and significant infrastructure damage in Puri. Many homes and businesses were completely destroyed. So far, 77 people died due to the cyclone.
The severe damage to infrastructure, homes and agricultural land has displaced millions of people from their homes. They sought refuge in shelter locations. There are also problems with accessing basic utilities such as clean water and food in the hardest fit areas. Over 4.8 million children have also been displaced in the Odisha state alone.
Government Relief Efforts
India’s government has pledged its full support toward recovery. Besides the thousands of shelters that have been set-up across the country, relief ministers have been touring the hardest-hit areas. More than 100,000 government officials, 45,000 volunteers and 9,000 shelters have been mobilized. Prime Minister Narendra Modi has also been working with international aid groups and countries around the world that are wanting to provide aid. Odisha’s Chief Minister has also created the Chief Minister’s Relief Fund where people can donate to relief efforts.
Organizations Offering Relief
The United Nations has stepped in to ensure that at-risk refugees in India and Bangladesh are protected from the after-effects of Cyclone Fani. Fani impacted many Bangladesh towns, such as Cox’s Bazar. These towns are home to nearly 900,000 Rohingya refugees. They are a high-risk group because of an ongoing genocide crisis in Myanmar.
International aid groups and NGOs such as Christian Aid, World Vision and ActionAid have created relief funds that focus on providing essential supplies such as food and water. These groups have also sent recovery teams to India to help with relief efforts. Churches and local communities have also organized relief groups.
Issues Impacting Recovery
While efforts are being made to speed up recovery, there have been protestors in Odisha’s state capital, Bhubaneswar. They are demanding reducing costs of high food and water prices, along with ensuring a fast recovery.
The Center for Disaster Philanthropy, an international aid group, has identified the most important recovery efforts. Some of these efforts are:
How to Help the Recovery from Cyclone Fani
International residents are encouraged to take the following steps in order to help India recover:
Recovery from Cyclone Fani will not be an overnight process, but with collaboration through India’s government, international organizations, NGOs and citizens from all over the world, the hardest-hit areas will be able to make a full recovery.
– Kyle Arendas
Photo: Flickr
Top Facts About Living Conditions in Saint Lucia
These top facts about living conditions in Saint Lucia demonstrate how this island is more than just a scenic visitor spot. It is a complex country, balancing tourist growth and educational improvements with agricultural and infrastructural instabilities. With the right developmental strides, Saint Lucia can ensure the prosperity of all its citizens.
– Molly Power
Photo: Flickr
Updated: May 29, 2024
Combating Menstrual Shaming In Nepal
A Culture of Menstrual Shaming
In Nepal, culture considers women to be impure and unlucky when they are menstruating. Due to stigma, they are often banished from their homes during their periods and confined in small huts made of mud or rock. Unfortunately, many of these women often die from smoke inhalation, animal bites or the cold Himalayan winters. Combating menstrual shaming in Nepal is vital in reducing danger and improving the lives of women.
Not only is this practice dangerous for women, but it is also an expression of overt discrimination and patriarchal control. Culture teaches girls that they are dirty and inferior. As a result, this compromises their basic agency and equality.
Shaming Compromises Health and Education
Because of the stigma, there is also a lack of basic access to sanitation facilities in public institutions, work and schools throughout the country. Sanitary hygiene products are often too costly or inaccessible for those in more rural areas. Vulnerable women have access to unhygienic materials and methods that put their health at serious risk. Infection can lead to painful disorders such as endometriosis and dysmenorrhea, which can also affect fertility.
Additionally, educational success is difficult for adolescent girls to attain. As much as 90 percent of girls throughout the country are forced to miss school for 3-4 days of the month during their periods because of restrictions on mobility or social exclusion.
Efforts to Eliminate Menstrual Shaming in Nepal
A law criminalizing Chhaupadi (the practice in which women are banished from the home during menstruation and childbirth) was enacted in 2017. Anyone forcing a woman to leave is liable to three months in jail. Criminalization has largely eradicated the practice in some districts, but it is still common in others.
Although the law is a step in the right direction, more effort is needed to rid Nepal of the practice completely. Chhaupadi deep-rooted in Hindu scriptures and women’s rights activists argue that laws alone will not change such beliefs. Instead, Nepal needs to empower women with knowledge about menstrual health.
In a few Nepalese districts, there has been further progress in enforcing the laws. For example, village councils in Dadeldhura have started taking away governmental rights. For example, birth certifications and financial services are available to families that have a menstruation hut or do not send their daughters to school during their periods. Decreasing numbers of menstrual huts in these districts prove it to be an effective way to combat menstrual shaming in Nepal.
At the MenstruAction conference in Kathmandu in December of 2018, local experts and organizations worked towards challenging stigmas and reducing discrimination. Some examples of organizations fighting against cultural taboos are:
Menstruation Myths and Hygiene
These organizations are educating women about the rights they have, as well as proper menstrual hygiene management. They teach women how to develop leadership skills that prepare them to fight taboos in their community. Organizations teach women how to make clean, homemade sanitary napkins.
Meanwhile, the U.N. Trust Fund is working in partnership with Restless Development Nepal to educate communities and dispel some of the myths related to menstruation. The U.N. Population Fund is also improving the situation in Nepal by distributing “dignity kits” containing menstrual hygiene products to communities in need. Together, these forms of assistance are slowly increasing awareness and accessibility throughout Nepal.
With the combined help of experts and organizations, menstrual shaming in Nepal has decreased greatly since its criminalization in 2017. In order to promote more change, the government must engage with activists and work to further enforce penalties.
– Malini Nayak
Photo: Flickr
Slow Fashion Success of the People Tree Foundation
Fast fashion brands often exploit poor countries for cheap labor, and many supply chains that are connected with big-name brands do not provide safe working conditions or sufficient living wages. For example, nine out of 10 fashion workers in Bangladesh cannot afford enough food for their families.
The People Tree Foundation
However, People Tree is defying the harmful practices of the fashion industry. People Tree is a fair trade brand, based in London and Tokyo, which takes a more people-oriented approach to fashion. People Tree’s work focuses on promoting sustainability, empowering women and improving conditions in poor communities. This fair trade brand is dedicated to producing ethically-made and sustainable clothing by using environmentally friendly materials and implementing good working conditions. People Tree refers to their practices as “slow fashion.”
People Tree is not just a fashion brand; it also works alongside an independent charity called the People Tree Foundation. The foundation works to accomplish three main goals: reduce poverty, protect the environment and spread awareness about fair trade. To reach these goals, People Tree raises funds to provide education and training to people in developing countries, protect the environment by using organic materials and campaigning to raise awareness about sustainable and ethical fashion.
The People Tree Foundation works in countries that are vulnerable to exploitation such as Nepal, Bangladesh, India and Kenya. These countries are susceptible to the injustices of fast fashion because the garment industry dominates their economy and comprises the majority of jobs. The foundation is involved with a variety of fair trade projects in these developing countries that aim to empower artisan groups in small communities.
In 2015, the People Tree Foundation generated more than £10,000 from sales and donations. The funds raised for that year were donated to projects such as Thanapara Swallows. Thanapara Swallows is a nongovernmental organization in Bangladesh committed to educating and training the poor population and creating health awareness and self-employment opportunities. Thanapara Swallows built a school in Bangladesh that educates nearly 300 students who are getting five years of primary education, and People Tree supports 50 percent of their school’s running costs.
Other Sustainable Solutions
In the fight against fast fashion, People Tree is not alone. Many fair trade organizations and brands have been on a rise in popularity. For example, the World Fair Trade Organization (WFTO), which People Tree is a member of, is among the organizations leading the movement toward ethical and sustainable fashion.
The WTFO has over 330 Fair Trade Enterprise members and over 70 supporting organizations that are committed to abiding by fair trade practices, including respecting the environment, ensuring gender equality, providing fair wages and good working conditions and ensuring opportunities for economically disadvantaged producers. The WTFO has impacted over 965,700 livelihoods by creating a fair trade standard for brands to follow. Brands verified are by the WTFO through peer reviews and independent audits.
Ultimately, the future of fashion remains in the hands of the consumer. Making conscious purchases makes the world one step closer to making the production of apparel more sustainable and humane. Other ways to practice sustainability include reducing consumption by buying only what you need, buying only secondhand clothing and researching the companies behind products online or on the website and mobile app Good On You.
– Louise Macaraniag
Photo: Media Server
10 Interesting Facts About Mahatma Gandhi
Revered as a Mahatma, or “great soul,” by the poet Tagore, Mohandas Karamchand Gandhi was an activist who changed India forever. Known for dressing in only a loincloth and a shawl, Gandhi became a leading figure in gaining India’s independence from Great Britain. Here are 10 interesting facts about Mahatma Gandhi.
10 Interesting Facts About Mahatma Gandhi
In 1948, a crowd of nearly 1 million people lined Gandhi’s funeral procession along the Yamuna River. These 10 interesting facts about Mahatma Gandhi show why he became the father of India. Although he never lived to see a united India, Gandhi’s teachings influenced the world with powers of nonviolence and love.
– Isadora Savage
Photo: Google Images
Indigenous Health in Australia: Closing the Gap
As of 2012, life expectancy for Indigenous Australians was 10 years lower than that projected for non-Indigenous Australians. Between 2008 and 2012, two-thirds of Indigenous deaths occurred before age 65 whereas less than a quarter of non-Indigenous deaths occurred before age 65 during the same time period. In an effort to improve conditions surrounding Indigenous health in Australia, the Australian government launched Closing the Gap in 2008. The goal of Closing the Gap is to improve the lives of indigenous peoples through better healthcare, education and employment opportunities.
Closing the Gap
In 2008, Closing the Gap set six targets for success for pursuing Indigenous health in Australia: 1) close the gap in life expectancy within one generation (by 2031) 2) cut the mortality rate in half for Indigenous children under 5 3) ensured within five years that all Indigenous children had access to early childhood education 4) cut by 50 percent the gap in reading, writing, and numeracy achievements within a decade 5) narrow the gap in dropout rates between Indigenous and non-Indigenous students and 6) reduced the gap in employment outcomes between Indigenous and non-Indigenous populations by 50 percent in 10 years.
Examination of health gaps between Indigenous and non-Indigenous Australians requires a holistic approach. To understand health, socioeconomic factors such as homeownership and education, behavioral drivers like rates of smoking and diet, along with environmental triggers like overcrowding and history of institutionalized discrimination all contribute to the relatively poor health of Indigenous Australians.
According to the Australian Bureau of Statistics, ischemic heart disease was the leading cause of death, accounting for 11.5 percent of total deaths, among Aboriginal and Torres Strait Islander people in 2017. Data show that Indigenous people in Australia die from cardiovascular disease at 1.5 times the rate of non-Indigenous people. As of 2017, Diabetes mellitus was the second leading cause of death among Indigenous populations in Australia; in fact, Indigenous Australians were four times more likely to have type 2 diabetes as non-Indigenous Australians.
Major Factors of Indigenous Health in Australia
Indigenous Australians struggle significantly more with poverty than non-Indigenous Australians. Less than 50 percent of Indigenous Australians are employed as compared to 75 percent of non-Indigenous Australians. Furthermore, the median equivalized gross weekly household income is $550 for Indigenous and $850 for non-Indigenous peoples. Factors like income affect the quality of food and housing which has direct ramifications on the health of those involved.
Diseases eliminated in the non-Indigenous population such as trachoma, a bacterial eye infection, and rheumatic heart disease persists with “high occurrence” in Indigenous populations. Nearly one-third of Indigenous Australians reported struggling with a chronic respiratory condition in 2012-2013. Compared to non-Indigenous Australians, Aboriginal and Torres Strait Islander people are hospitalized for respiratory complaints at 2.4 times the rate.
Upon arrival in Australia in the late 1700s, European colonization introduced diseases like smallpox to the Indigenous population. Additionally, the assumption of European superiority over Indigenous Australian has impacted Indigenous health in Australia for hundreds of years. Indigenous peoples in Australia did not get the right to vote until 1962 and were not counted in the national census until 1967. Up to 1992, when the High Court of Australia denied the correctness of the term terra nullius (land belonging to no-one), Australia effectively had denied the presence of an Indigenous population pre-European arrival.
Like the USA, Australia pursued aggressive assimilation policies such as the Australian Aborigines Act of 1905 which established the position of Chief Protector to be the legal guardian of each and “‘every aboriginal and half-caste child’ to the age of 16”. This well-established history of separating families has had deleterious effects on Indigenous mental and physical health across generations.
In the 1970s, Indigenous people began to fight back as they established their own councils of leadership, health clinics, and advocacy bodies such as the National Aboriginal Community Controlled Health Organization (NACCHO) in 1975.
The Good News
The 2019 Closing the Gap report issued by the Australian government celebrates the emerging partnerships between states and territories with Indigenous Australians and the Australian government but acknowledges that many of the target goals are not on track. However, steps are being taken. The implementation of the National Indigenous Australians Agency on July 1, 2019, suggests the Australian government is beginning to get serious about improving Indigenous health in Australia.
As Closing the Gap moves into its next phase, it promises to provide increased accountability on both the state and national levels for including Indigenous people in the process and implementation of initiatives. Prime Minister Scott Morrison argues, “The Australian Government is committed to working in genuine partnership with Aboriginal and Torres Strait Islander peoples, a partnership which is critical to progress towards Closing the Gap.”
– Sarah Boyer
Photo: Flickr
Industrialization in Bolivia Paves the Way for Growth
Although Bolivia’s poverty rate declined significantly from 63 percent in 2004 to 36 percent in 2017, the industrial production growth rate has been slow at about 2 percent. One major challenge to continually reducing the poverty rate is industrialization in Bolivia. The country’s state-oriented policies discourage investment, especially in the underutilized mining sector. Further economic developments that include incentives to spur investment, as well as policies to improve income equality, are needed to continually reduce the high poverty rate.
Improving the Business Environment
Bolivia’s state-oriented policies is a barrier to development. According to Joe Lowry, head of Global Lithium and a former employee of FMC, FMC wished to develop Uyuni in the late 1980s and early 1990s, but “governmental chaos and poor infrastructure were too much to deal with.” President Morales is preventing external corporations from exploiting natural resources, such as lithium. FMC Corp, a major lithium producer, and South Korean steelmaker POSCO tried to make deals with Morales’ government, yet no agreement was made due to strict government control.
To induce foreign companies to form operations in Bolivia, reducing government control on the private sector is an essential requirement. This laissez-faire style of welcoming outside companies to build relationships with Bolivians would not only create jobs but also improve the poor roadways leading to its neighboring countries. A lack of infrastructure also creates difficulty for external corporations who wish to start operations within the country. Inefficient roadways slow transportation vehicles and create major obstructions to traveling throughout Bolivia.
About 12 percent of roadways are paved. The Inter-American Development Bank approved a $178 million loan to Bolivia in an effort to improve or add roads, traffic flow and increase security. The loan also increases job opportunities for women in non-traditional sectors through training in truck-weighing procedures, toll-collection and heavy machinery operation. The regions with paved roads earn the majority of the gross domestic product. In these areas, the travel time and cost of operating vehicles is less than areas with crude and poorly maintained roads. Additional infrastructure development is needed to create jobs and increase the probability of future investment prospects.
Key Sectors for Bolivia’s Growth
Lithium mining is one key sector to increase industrialization in Bolivia. With demand for lithium expected to double by 2025, President Evo Morales is set to invest $250 million into lithium operations after signing an agreement with ACI Group. Morales vowed to “industrialize with dignity and sovereignty.” Bolivia has nine million tons of untapped lithium, the second-largest amount in the world. Construction begins in 2021 and already companies are showing interest.
While Morales envisions Bolivia as a major lithium producer, Bolivia’s economy and finance minister, Luis Arce, perceives a future in the tourism industry. Arce agreed with Morales on its need for industrialization, especially in mining, natural gas and tourism sectors. Lake Titicaca, Salar de Uyuni and La Paz are three popular destination sites that receive tourists from across the world. Arce also plans to target income inequality by redistributing wealth. This would give compensation to families whose children complete a school year and a program guaranteeing a minimum retirement payment. Arce also stated salary increases outpacing inflation would help Bolivians, especially those in extreme poverty.
Present Infrastructure Status
Industrialization in Bolivia, especially in road construction, is already underway. Reducing state-oriented policies could offer an incentive to investors interested in lithium. It is an important component in batteries that power electric vehicles and an important resource for the future of vehicles. With a decrease in strict government control, Bolivia could rise out from its slow development, create jobs and reduce its high poverty rate.
– Lucas Schmidt
Photo: Flickr