Business in Bolivia (Course, Master)

EENI Business School & HA University

Syllabus of the Online Subject: Foreign Trade and Business in Bolivia. Bolivian Economy. La Paz.

  1. Introduction to the Plurinational State of Bolivia
  2. Bolivian Economy
  3. Doing Business in La Paz
  4. International Trade of Bolivia
  5. Foreign Direct Investment (FDI) in Bolivia
  6. Case Study: Business Opportunities in Bolivia
    1. Petrol
    2. Gas
    3. Manufacturing
    4. Telecommunications
    5. Agriculture
    6. Services
  7. Case Study:
    1. Bolivian integration corridors
    2. ENTEL Telecommunications
  8. Access to the Bolivian Market
  9. Business Plan for Bolivia

The aims of the Online Subject “Foreign Trade and Business in Bolivia” are the following:

  1. To analyse the Bolivian economy and foreign trade
  2. To know the business opportunities in Bolivia
  3. To explore Bolivian trade relations with the student's country
  4. To know Bolivian Free Trade Agreements
  5. To examine the profile of Bolivian Companies
  6. To develop a business plan for the Bolivian Market

The eLearning Subject “Doing Business in Bolivia” is part of the following Online Higher Education Programs taught by EENI Business School & HA University:
  1. Masters: International Business, Foreign Trade, America
  2. Doctorates: Business in America, Global Trade
  3. Course: Business in the Andean Markets

The course materials are available in Master in International Business in English (or Study Master Doctorate Business in Spanish Bolivia Masters Foreign Trade in Portuguese Bolivia Study, Master in International Business in French Bolivie)

Online Student (Master International Business)

  1. Credits of the Online Subject “Foreign Trade and Business in Bolivia”: 1 ECTS Credits
  2. Duration: one week

Example of the Online Subject - Doing Business in Bolivia:
Master Course: Business in Bolivia, La Paz

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Description of the Online Subject: Doing Business in Bolivia

Plurinational State of Bolivia (America).

  1. Bolivia has nine departments (Beni, Cochabamba, Chuquisaca, La Paz, Oruro, Pando, Potosi, Tarija, and Santa Cruz) and 112 provinces
  2. Borders of Bolivia: Brazil, Argentina, Peru, Paraguay, and Chile
  3. Bolivian population: 10 million people
  4. Bolivian Area: 1,098,581 square kilometres
  5. Official languages of Bolivia: Spanish, Quechua, Aymara, Guarani, and thirty-three local languages
  6. According to the Bolivian Government: “Bolivia is a Social Unitary State of Plurinational Communitarian Law decentralised and autonomous.”
  7. Abolition of Slavery in Bolivia: 1826
  8. African Diaspora in Bolivia: 0.5% of the Bolivian population
  9. Independence of Bolivia: 1825 (from Spain), recognised in 1847.

Religion in Bolivia: Christianity (9.5 million).

  1. Catholicism (7 million)
  2. Protestants

Bolivia belongs to Latin American Economic Area of Western-Christian Civilisation.

Bolivian Economy (Master, Course)

Bolivian Economy.

  1. According to the Central Bank of Bolivia, the balance of payments showed a surplus of 325 million dollars
  2. Bolivian GDP: 34,175 million dollars
  3. In 2009, the Bolivian Government signed a debt cancellation with the Government of Spain
  4. The Plurinational State of Bolivia has significant natural resources: mining and gas
  5. Through the Bioceanic Corridors, the Plurinational State of Bolivia has positioned itself as a regional distribution hub between the largest markets of the Pacific and South Atlantic region of South America
  6. Nationalisations have taken place since 2006 in hydrocarbons, mining, and telecommunication's sectors; business opportunities in these areas for foreign direct investment have become more limited
  7. Foreign direct investment (FDI) flows received in Bolivia were 687 million dollars, mainly in the hydrocarbons sector
  8. Currency: Bolivian (BOB)
  9. Entel holds a Leadership position in both fixed and mobile telephony, as in the various telecommunications value-added services

International Trade of Bolivia:

  1. Total Bolivian exports products reached 4.848 million dollars FOB (28% of Bolivian gross domestic product)
  2. Export flows were characterised by low levels (average of USD 1.919 million)
  3. Total petrol exports were lower
  4. Regarding non-traditional exports, their value was higher by 1.4%
  5. Non-traditional export products that showed increases in value were: soybean meal (52%), sugar (41%), soybean oil (31%), soya beans (23%), flour soy (20%), and coffee (5%)
  6. Capital products imports stand for 28% of the total
  7. The balance of payments of Bolivia recorded an extra of 325 million dollars (Central Bank of Bolivia)

Foreign Trade flows of Bolivia with the rest of the World (data in dollars).

  1. Trade with the MERCOSUR fell to 708 million, mainly owing to lower natural gas exports to Brazil
  2. With the Andean Community, there was an increase of positive balance of 158 million due primarily to higher exports to the Republic of Colombia and Ecuador
  3. With the Central American Common Market - Central American Integration System (SICA), ran an international trade deficit of 0.2 million to an extra of 2.7 million
  4. With the North American Free Trade Agreement (NAFTA), the deficit augmented to 131 million due both to the decline in exports as the largest imports
  5. With the European Union (EU), there was an increase of 90 million (3.2 billion in 2008) by augmented exports, highlighting the positive foreign trade balance with Belgium, the Netherlands, and the United Kingdom
  6. With the European Free Trade Association (EFTA) augmented extra owing to augmented United States 6 million dollars extra with Switzerland
  7. In Asia, the positive balance of 130 million mainly explained by the favourable balance with South Korea

Bolivia: Organisations and Free Trade Agreements (FTA)

  1. Andean Community
  2. Bolivia (CAN)-MERCOSUR Agreement
  3. Accession process to the MERCOSUR
  4. European Union-Bolivia
  5. Bolivarian Alliance for the Peoples of Our America (ALBA)
  6. Latin American Integration Association (ALADI)
  7. Latin American and Caribbean Economic System (SELA)
  8. Union of South American Nations (UNASUR)

Samples - Business in Bolivia

Mexico-Andean Community Free Trade Agreement (Course)

Andean Community (Course Master)

Colombia, Peru-European Union Free Trade Agreement (Course Master)

Andean Community-Chile Free Trade Agreement (Course)

Bolivarian Alliance for the Peoples of Our America (ALBA, Master)

Andean Community-MERCOSUR Free Trade Agreement (Course)

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