Recent Study: Consumer Lifestyles in Bolivia
With a population of over 10 million people in 2012, Bolivia is a predominantly poor country and one of the least developed in Latin America. On the other hand, the country has recently seen robust economic growth and this has helped boost consumer income and spending despite wages still being the lowest in Latin America. A plethora of government initiatives and income transfers have reduced income inequality and brought a significant number of Bolivians out of extreme poverty.
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