question_answer

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

Answer:

(i) The World Bank pressurised the government of Cochabamba to give up its control of municipal water supply.

(ii) The government sold these rights to a multinational company.

(iii) The company immediately increased the price of water by four times.

(iv) Many people received monthly bill of ` 1,000 in a country where average income is around ` 5,000 perinonth. This led to spontaneous popular protest.