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Bolivian Gas: Right Goal, Wrong Approach

Bolivia is much in the news these days as Evo Morales accelerates the country's move to the left. Morales' nationalization of Bolivia's natural gas fields and the fallout (see, for example, Pertrobas scraps Bolivia project) is being closely watched as a bellwether for other Latin American countries, and for the questions it raises about how countries should manage their natural resource wealth for the benefit of their people.