Bolivian president, Evo Morales, is expected to be re-elected in December, keeping the socialist in power. Recent polls in Bolivia have shown strong support for Morales. While the Socialists are working towards land reforms and a transfer of gas wealth, their nationalization of the energy sector might just make such goals unachievable.

Bolivia sits on Latin America's second largest natural gas reserve which makes it a major player in the gas sector. This sector is in the process of renationalisation with Bolivia taking 82% of ownership of gas producers. Petrobas, Brazil's partially national gas company and Bolivia's largest customer, responded by announcing that the company would increase production in Brazil to reduce the dependence on Bolivian gas. Spain also commented that nationalization of the energy sector would have a negative effect on Spain's restructuring of Bolivian debt. Bolivia's Morales stated that while foreign ownership of Bolivian energy companies is against policy, Bolivia is still seeking foreign investment.

Although the gas industry is in question, another sector is staged to begin to make Bolivia a major world player. Bolivia holds roughly 70-80% of the world's lithium deposits. Lithium has become incredible important in recent years due to its use in lithium based batteries used in a wide variety of personal electronic items, such as laptop computers, cell phones and ipods. It is also used in production in batteries for electric cars. The mining ministry is seeking $200 million for the construction of a lithium production plant.

While many difficulties face Evo Morales in the coming years, his Movement Towards Socialism (MAS) has made friends with their leftist neighbors and there have been discussions for a regional currency to ease trade between Latin America countries as well as ease the risk of world financial crises. Alternative of the Americas(ALBA), consisting of left-leaning regimes in the region such as Cuba, Venezuela, Bolivia, Nicaragua and Ecuador, has made moves for the creation of this local trading currency, the Sucre, named after Antonio Jose de Sucre, a general and war hero of the wars of independence from Spain, to be used initially as a bartering mechanism for trade between the countries with reconciliation of accounts based on deposits to the ALBA headquarters bank in Caracas, Venezuela. Whether the new currency will be transformed into a hard currency is still to be seen.