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Chavez's Poverty In Venezuela

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Poverty in Venezuela
Venezuela is a country located in the northern part of South America, bordering the Caribbean Sea and the North Atlantic Ocean with a population over 30 million. It has one of the biggest oil reserves in the world. Nevertheless, its poverty reached over 70% within their families. What is far from attractive is the desperate and chaotic situation that surrounds the nation, marked by violent protests from young students and government opposition. Since the last year at the beginning of February, the country has been ensnared by protests, violence, and death. Already one of the most violent places on Earth. A person is murdered every 21 minutes and there were roughly twenty-four thousand violent deaths last year. The country …show more content…

Leading to a terrible crisis where the most affected were the poorest. When people were not able to buy dollars, businessmen turned to the black market, where exchange rates soared. In addition to this, the collapse of the currency was aggravated by oil’s low price, making the situation more difficult. After fourteen years of Chavez’ governance, Maduro took power and continued the economic model followed by Chavez. Even though he declared Venezuela as a state of emergency, he still refused to adopt capitalism to fix the crisis. He doesn’t want to have a trade with rich nations such The United States and, he is preparing for a hypothetical foreign …show more content…

It is necessary as well to establish development policies for the medium and small industries, promoting social equality and respecting the human rights Including the poor to have freedom and voice to influence the decisions that affect their lives. One of the methods to achieve this goal could be a conditional cash transfer payments that will mainly consist in payments made directly to poor families so long as they meet certain conditions, such as keeping their teenage children in school. It is also important to create programs where people get information and tools of how to create their own income without depending on the government. If the micro-entrepreneur gets a small loan, they can start economic activities that eventually will increase their income. At the same time, these microentrepreneurs should get the assistance of how to manage their finances, until they get enough knowledge of how to manage their own business. Women play an important role in Venezuela’s society, that’s why creating programs were women are empower to create small companies would contribute to diminishing malnutrition within their family

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