Bolivia's government attempted to solve some of its problems with inequality of outcomes due to foreign investment in its natural gas resources by:
A) taxing international firms.
B) insisting that the firms pay higher wages to workers in the industry.
C) shutting down the firms in the wake of protests.
D) nationalizing the natural gas industry.

Question

Quizplus · Accepted Answer

Bolivia's government nationalized the natural gas industry in 2006, which means that the state took control of the industry from private companies. The government argued that this move was necessary to ensure that the country's natural resources were used for the benefit of the Bolivian people, rather than for the profit of foreign companies. Nationalization allowed the government to have more control over the industry and to use its profits to fund social programs aimed at reducing inequality in Bolivia.

Bolivia's Government Attempted to Solve Some of Its Problems with Inequality