Hello, I'm an expert in international relations and economic development. I've spent a considerable amount of time studying the economic conditions of various countries, including those in South America. When it comes to identifying the poorest country in a region, it's important to consider a range of factors including GDP per capita, poverty rates, income inequality, and access to basic services such as healthcare and education. Step 1: English Answer Poverty is a complex and multifaceted issue that can be measured in various ways. When discussing the poorest countries in South America, it's crucial to look at both economic indicators and the quality of life for the citizens. While it's true that Bolivia has historically faced significant economic challenges, it's important to note that the situation can change over time with improvements in governance, economic policies, and international aid. According to the Center for Economic and Policy Research (CEPR) report from December 2009, which you've mentioned, Bolivia was indeed one of the poorer countries in South America. The report highlighted that as of 2007, 60.1% of the population lived in poverty, with 37.7% in extreme poverty. These figures are stark and indicate a level of economic hardship that is challenging to overcome. However, it's important to consider that these statistics are over a decade old. Since then, there may have been changes in Bolivia's economic situation, as well as in the economic conditions of other South American countries. Factors such as natural resource management, political stability, international trade, and investment can significantly impact a country's economic standing. Additionally, other countries in South America have also faced economic difficulties. For instance, Venezuela has been in a severe economic crisis in recent years due to a combination of factors including political instability, hyperinflation, and a collapse in oil prices, which is a major export for the country. The economic downturn has led to widespread poverty and a humanitarian crisis. Moreover, countries like Guyana and Suriname, while rich in natural resources, also face economic challenges due to factors such as limited infrastructure, high levels of income inequality, and a reliance on a few key industries which can make them vulnerable to global market fluctuations. When assessing which country is the poorest, it's also essential to consider the Human Development Index (HDI), which takes into account life expectancy, education, and income. The United Nations Development Programme (UNDP) publishes the HDI rankings annually, and these can provide a more holistic view of a country's well-being beyond just economic metrics. In conclusion, while Bolivia has been recognized as one of the poorer countries in South America, it's important to look at the most recent data and consider a range of factors when determining the poorest country in the region. It's also worth noting that poverty is not static, and with the right policies and international support, even the most economically challenged countries can make significant strides towards improving the well-being of their citizens. **read more >>

Bolivia is one of the poorest countries in South America. According to the Center for Economic and Policy Research, which published an in depth report in December 2009, the latest poverty data available is from 2007. It shows that 60.1% of the population live in poverty and 37.7% in extreme poverty.read more >>