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Bolivia Following Argentine Takeover Deepens Regional Divide

President Evo Morales’s seizure of Bolivia’s main electricity company, two weeks after Argentina took over its biggest oil producer, is reinforcing the divide between Latin American leaders that support private investment and those seeking more state control of their economies.

“These decisions, and the way they have been carried out, are bound to increase risks for foreign investors in Argentina, Bolivia and perhaps a few other countries,” Michael Shifter, president of the Washington-based Inter-American Dialogue policy center, said in an interview. “For most governments in the region, sound economic performance is prized more than short-term symbolic gains.”