Bolivia and its Lithium: The Next Saudi Arabia? (via The COHA Blog)

Bolivia and Brazil seem to have this conundrum in common: both are on the verge of massive mineral wealth– Brazil with oil, Bolivia with Lithium–and both are still emerging democracies with spotty, if not weak governmental institutions. A book by Terry Lynn Karl of Stanford University called “The Paradox of Plenty” does a noble job of explaining why countries with ample mineral wealth paradoxically tend to become refuges for corruption and inequality, a la Nigeria, Venezuela, Angola, Russia, Sierra Leone, Liberia, and...

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