Bolivian political situation was relatively stable in 2014. Bolivia’s President，Evo Morales of the leftist ruling Movimiento al Socialismo（MAS），won a landslide victory in the October 12th election and entered his third term in office. The MAS also received a two-third majority in both houses of Congress so that it needs to enact constitutional amendments and continue to control all of the country’s institutions. The opposition remained weak and performed poorly，although they formed some coalitions for the election. They were hampered by division and a lack of nationwide appeal. Morales continued to pursue a state-led development model to deepen the nationalization and industrialization reforms in 2014. The GDP growth was slowed down slightly in 2014，due mainly to a slowdown in the hydrocarbons industry. But it was still the third-highest rate in the region，only after Dominican Republic and Panama. Major economic indicators were improved，and the inflation rate was controlled to a good level. Morales continued to expand social welfare programs and raised the level of minimum wage and real wage in the public sector. There were still serious contradictions and tensions between Bolivia and the US，preventing the re-establishment of full diplomatic relations. Hostility between Bolivia and Chile persisted in 2014 still due mainly to Bolivia’s attempt to restore its access to the Pacific coast. There were some contradictions between Bolivia and Perú in the transatlantic railway line selection. The relationship with China was strengthened，underpinned by China’s increasing economic interest in Bolivia.