Why was there a protest against a multinational company in the city of Cochabamba?

cbse
cbse-class-10
political-science
gender-caste-religio
cbse-class-10-social

#1

Why was there a protest against a multinational company in the city of Cochabamba?

Answer:

  • The World Bank pressurised the government of Cochabamba to give up its control of municipal water supply.
  • The government sold these rights to a multinational company.
  • The company immediately increased the price of water by four times.
  • Many people received monthly bills of l,000 in a country where average income was around 5,000 per month. This led to spontaneous popular protest.