Latin America. In context.
Being the largest fast food chain in the entire world wasn’t enough to sustain the fast food behemoth’s presence in Bolivia.
Having doubled since 2000, the country’s GDP per capita was estimated at just around $2000 USD for 2010. The country ranks as one of the poorest countries in all of Latin America.
Populist Bolivian president Evo Morales initiated a radicalization of the country’s constitution under dubious means in 2009 with the intention of redistributing the country’s wealth.
McDonald’s cited poor profit margins, and has closed the 8 remaining stores in the country.