Bolivia Needs Biotechnology to Boost Economic Competitiveness, Says Economist

Santa Cruz, Bolivia – May 29, 2025 – Economist Gabriel Espinoza recently emphasized the critical need for Bolivia to adopt biotechnology to remain competitive in its production sector. During an interview on La Hora Pico Radio, Espinoza stated, "It's important to implement biotechnology so that Bolivia can be competitive in its production." He stressed that this requires a joint effort between the government and private sector, with investment and risk-taking essential for success. Espinoza's comments highlight the growing importance of technological advancement in driving economic growth in Bolivia, and suggest a path forward for the nation's economic development. The interview offers a balanced perspective on the challenges and opportunities presented by integrating biotechnology into Bolivia's production system.