• 2025.12.05 (Fri)
  • All articles
  • LOGIN
  • JOIN
Global Economic Times
APEC2025KOREA가이드북
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
MENU
 
Home > World

Bolivia Ends Two Decades of Leftist Rule as Centrist Paz Wins Presidential Election

Eugenio Rodolfo Sanabria Reporter / Updated : 2025-10-20 16:48:54
  • -
  • +
  • Print

La Paz, Bolivia - Rodrigo Paz (58), a centrist candidate from the Christian Democratic Party, has been elected as the new President of Bolivia (5-year term), securing 52.2% of the votes in the second round run-off held on October 19 (local time). The victory marks the end of nearly 20 years of continuous leftist rule in the nation, which began with the 2005 election.

The Supreme Electoral Tribunal announced that Paz defeated right-wing candidate Jorge Quiroga (65), who garnered 47.8% of the valid votes. Paz, a former mayor of Tarija and son of ex-President Jaime Paz Zamora, is classified by Western media as a centrist or center-right politician.

The decisive shift comes amid a systemic crisis for Bolivia, characterized by a state-led economic model, a shortage of US dollars, incompetence, and corruption—issues that led to a thorough rejection of the ruling Movement for Socialism (MAS) party by the electorate. The leftist MAS, under former presidents Evo Morales and Luis Arce, had been the dominant political force in the country.

Paz's administration is expected to favor a cautious and moderate approach, focusing on decentralizing government authority, promoting private sector growth, and maintaining social welfare programs. Critically, the new government is set to pivot in its foreign policy. Paz, who met with the Donald Trump administration during his campaign, has signaled a clear intent to move away from the previous pro-Russia and pro-China stance to strengthen ties and dialogue with the United States.

This foreign policy shift is drawing international attention, particularly given Bolivia’s critical position in the "Lithium Triangle" alongside Argentina and Chile. China has heavily invested in securing the country's mineral resources, making Bolivia a new focal point in the US-China geopolitical competition.

Paz, who takes office on November 8, with his term running until November 2030, stated after the vote, "A very unpleasant time is now over. Now is the time for change and innovation." The outcome also hints at a slow retreat of the "Pink Tide" of leftist governments in Latin America, where right-leaning politicians have recently gained power in several countries like Argentina, Ecuador, and El Salvador.

[Copyright (c) Global Economic Times. All Rights Reserved.]

  • #globaleconomictimes
  • #micorea
  • #mykorea
  • #Lifeplaza
  • #nammidonganews
  • #singaporenewsk
  • #Samsung
  • #Daewoo
  • #Hyosung
  • #A
Eugenio Rodolfo Sanabria Reporter
Eugenio Rodolfo Sanabria Reporter

Popular articles

  • China's Narwal Leapfrogs LG and Samsung in Robot Vacuum War

  • The $30 Mug That Brewed Chaos: Starbucks’ Bearista Cold Cup Sparks Fights and Resale Frenzy

  • U.S. Government Rejects AI Bailout Amidst Bubble Debate 

I like it
Share
  • Facebook
  • X
  • Kakaotalk
  • LINE
  • BAND
  • NAVER
  • https://globaleconomictimes.kr/article/1065599288999610 Copy URL copied.
Comments >

Comments 0

Weekly Hot Issue

  • China Stages Massive Naval Show of Force Amid Heightened Tensions with Japan
  • EU Launches Antitrust Probe into Meta Over WhatsApp AI Chatbot Restrictions
  • Sports Icons Converge as 2026 FIFA World Cup Draw Approaches
  • Russia Vows 'Strongest Response' as EU Proposes Using Frozen Assets for Ukraine Loan
  • US Layoffs Surge: Over 1.17 Million Job Cuts Announced in First 11 Months of 2025
  • EU Weighs 'Buy European' Rule: Up to 70% Local Content for Key Products

Most Viewed

1
Korean War Ally, Reborn as an 'Economic Alliance' Across 70 Years: Chuncheon's 'Path of Reciprocity,' a Strategic
2
A Garden Where the City's Rhythm Stops: Dongdaemun's 'Cherry Garden', Cooking Consideration and Diversity
3
The Sudden Halt of Ayumi Hamasaki's Shanghai Concert: Unpacking the Rising Sino-Japanese Tensions
4
Farewell to a Legend: South Korea Mourns the Passing of Esteemed Actor Lee Soon-jae
5
China’s Anti-Starlink Strategy: Simulation Suggests 2,000 Drones Needed for Taiwan Disruption
광고문의
임시1
임시3
임시2

Hot Issue

Global Billionaire Count Hits 2,919, Total Wealth Reaches $15.8 Trillion

China Stages Massive Naval Show of Force Amid Heightened Tensions with Japan

Russia Vows 'Strongest Response' as EU Proposes Using Frozen Assets for Ukraine Loan

UK and Norway Form Joint Naval Fleet to Counter Rising Russian Submarine Threat

Let’s recycle the old blankets in Jeju Island’s closet instead of incinerating them.

Global Economic Times
korocamia@naver.com
CEO : LEE YEON-SIL
Publisher : KO YONG-CHUL
Registration number : Seoul, A55681
Registration Date : 2024-10-24
Youth Protection Manager: KO YONG-CHUL
Singapore Headquarters
5A Woodlands Road #11-34 The Tennery. S'677728
Korean Branch
Phone : +82(0)10 4724 5264
#304, 6 Nonhyeon-ro 111-gil, Gangnam-gu, Seoul
Copyright © Global Economic Times All Rights Reserved
  • 에이펙2025
  • APEC2025가이드북TV
  • 세종시
Search
Category
  • All articles
  • Synthesis
  • World
  • Business
  • Industry
  • ICT
  • Distribution Economy
  • Well+Being
  • Travel
  • Eco-News
  • Education
  • Korean Wave News
  • Opinion
  • Arts&Culture
  • Sports
  • People & Life
  • Column 
    • 전체
    • Cho Kijo Column
    • Lee Yeon-sil Column
    • Ko Yong-chul Column
    • Cherry Garden Story
  • Photo News
  • New Book Guide
  • Multicultural News
  • Jobs & Workers