Fiscal Inequality In Venezuela

Venezuela, located in the Latin American region, is a country that has been characterized by its abundance of oil reserve. A natural resource that has shaped the history and development of the country, affecting its economic, social and most important is political spheres. For many years Venezuela was controlled by authoritarian regimes. The country, being very important in the sense of geo-politics due to its abundance of oil, has been a key player in the international arena and most important, to those that for many years kept the country under their regime. It was not until 1958 that Venezuela experienced the change to democracy and a stable democracy was kept between the two main political parties of the time, Accion Democratica (AD)

In the United States today there are many reforms that had been made to help cope with those who are living in poverty. However, these reforms have been keeping many from being able to climb the social class ladder because the “War on Poverty” has not been effective on ridding poverty in the U.S. According to the Heritage Foundation, there are about forty six million people who are living in poverty and it is a conflict in this country because it puts people of lower class at a disadvantage because they have to choose between necessities like healthcare, child care and food in order to help themselves and their family members; therefore, many sacrifices have to be made to insure their survival. Though

Issue: In Venezuela, the United Socialist Party (PSUV) has been in the power 18 years first with Chavez and them with Maduro, both elected by democratic elections. Now the country is divided into two significant groups Chavistas, people who support socialism and the actual president, and opposition, people anti-government and believe the corruption of the actual president. With this, the country is immersed in extreme violence, constants violations of humans rights and alarm power corruption. Additionally, some problems that the dictatorship produces like protests, the end of commercial relations with other countries, and the decreasing economy. The abuse of power leading to incrust the violations of humans right is the significant issue that Venezuela has to face today. This has an extended history that began in 1999, with the victory of Chavez in the name of socialism, but the break in the government started when Maduro raises in power and with the end of relations with the United States, who was the principal oil buyer. As well, the counting falling oil prices had decreased the Venezuela’s economy and limited the public inversion that the government used to do. With bad relations and an affected economy poverty, violence and discomfort with the government began. The corrupt power and constant violation of human rights are affecting in significant ways the country, particularly in the investment that the government

“Venezuela reads like a textbook example of the socialist end-game: Social implosion driven by economic collapse, caused by shockingly self-destructive policy making” (Toro 39). “Socialism of the 21st Century” in the end just did not work and had failed. The changes made to the constitution have created a government that runs inefficiently and gives the president too much power. Chavez mismanaged the country's income and caused inflation of the Bolivar Note. Chavez had good intentions, but his programs to help the impoverished failed because of poor management. These people that he was trying to help are now more hurt than they were before because money put into these programs was not used effectively. This money could have been used to invest in the oil reserves and other parts of the economy to set the country up for success. Food is hard to come by and the crime and murder rate continues to raise. The country in debt and cannot even buy imports to sell to its citizens. Venezuela will need outside help if it is to recover from the situation caused by Hugo Chavez and Nicolas Maduro. The only reason Chavez remained popular in Venezuela is because the economy was doing well in the beginning and he was able to control the media so that the public opinion of him was kept

As stated by the Standing Committee on Foreign Affairs and International Development in the House of Commons in Canada, “the government’s inability and/or unwillingness to tackle corruption and impunity, […] allow serious violations of human rights to continue.” This would also erode the progress the government has made in the past decades with respect to the human right’s records, specifically with social and economic rights. Venezuela’s limited capacity add challenges to the government’s ability to sustain progress in the matters of domestic and global economic

Before the early 20th century when one considered Venezuela they thought of Venezuela’s coffee and cocoa exports, however ever since the discovery of petroleum during the early 20th century, Venezuela is one of the world’s largest exporter of oil. They are also one of the first founding members of OPEC. However Venezuela has much more to offer than oil and coffee. Currently Venezuela is rapidly expanding and becoming more stable. Compared to the countries past the economy is strong and growing every year. The most interesting thing about Venezuela is their unique infrastructure. Currently their entire economy is dependent on oil however due to the dramatic changes that have occurred in the recent decades in Venezuela the profits made from

Economic development: The 1991 collapse of the Soviet Union had serious negative effects on Cuba’s economic and social situation due to the loss of Soviet Aid. The Castro regime feared that economic instability would hinder their legitimacy and position in government, so Castro sought to institute liberal political reforms that appeared more open to Cuba’s social diversity, which allowed its regime to stay in power (Chu 2011). The crumbling of Venezuela’s economy has left Cuba in a particular economic vulnerable state. However, Raul has “engineered shifts in the country’s top-down Marxist economy and made major concessions to the Church” (Berry 2015).

The whole Venezuela country is dependent on their oil sales. That oil is their only income. Unless your the government or shop owners you're on the streets selling drugs to make money. For instances one of the articles told me that the president nephews were arrested for selling cocaine and was caught doing drugs. The craziest thing that surprised me was that I was reading an article saying Venezuela has too much money but not enough cash. This means that one they have the money just aren't printing it fast enough, many people wait outside of the ATM for hours just to get some cash to either get out of the country or to get some food for their family. But then again the management on the oil was horrible so then again they're losing money because their not making their mind up on how to manage

Supporting Mazie’s argument, in the article, “Government’s war on poverty reduction”, from the 2013 studies of the Cato Institute, Michael Tanner, a senior fellow of Cato Institute, and Charles (2013), a research associate of

According to James Painter in his BBC News article “Latin America faces year of change”, Latin America suffers from social violence, kidnapping, drug trafficking, child pornography, lack of women’s rights, and little accountability over the region’s law makers and authorities which can lead to government corruption (para. 12). Government corruption can be defined as political power used by government leaders for private gain and to maintain their power as a government official. Most of the times these corrupt politicians in Latin America say they are accomplishing apprehension of criminals to the best of their abilities when, in reality, they commit the same multitude of crimes. Politicians are able to maintain their power as a result of

The president of Venezuela, Hugo Chavez, had been reelected as the democratic leader; however, his behavior seems to be apart, and in some respects against the fundamental principles of democracy. Analyzing Hugo Chavez’s actions, and the changes made under his authority, it appears that the transformation of Venezuela less under democracy and resembling more as a dictatorship- an autocratic form of government in which a government is ruled by an individual. Hugo Chavez used his political agenda to oppose critical discussion, and to manipulate the Law. In 1998, Chavez formed the

With an economy dominated by the production of oil, Venezuela has enjoyed the highest standard of living in Latin America. In spite of its success in the oil industry, agriculture and manufacturing also play important roles in Venezuela’s economy. With this in mind, it would seem as though Venezuela’s economic state has flourished. Rather, it has suffered from the effects of political influence, corruption, and poor economic management. The distribution of wealth across Venezuela has caused the elite to benefit at the cost of the working people. This is mainly due to the economic and political structure of the country. Even with the plentiful resources Venezuela possesses, it is constantly being threatened by political instability,

"There is systemic corruption in Latin America.” Corruption is rooted in the psyche of the South American population, which affects the length of their democratic processes, making it easier and shorter to bribe rather than commit to broken processes. Moreover, corruption affects the highest levels of government. In order to face this problem, “Latin America has made significant progress in combating poverty and inequality.” The economic development of states in Latin America allows them to benefit from the international trade but it is not enough to maintain economic stability within states. Deviant globalization creates an opportunity for transnational criminal organizations to benefit from different activities like drug trafficking, human trafficking. The Western Hemisphere presents different problems unlike other regions of the world. Mainly Latin America is affected by problems of corruption and drug trafficking. Weak states are the biggest challenge in Western Hemisphere, because corruption in Latin America is one of the factor that creates lack of rule of law. In addition, a weak economy and absence of adequate law enforcement creates a safe haven for transnational criminal organization. Moreover, the region presents serious problems in the quality of democracy regarding human rights, as well as illegal immigration. Globalization both affects weak states positively and negatively. To respond to this challenge, states must cooperate to economically

Within the last 20 years many Latin American nations have changed course from a neoliberal polity to one that is sided more to the left wing spectrum. “A significant part of Latin America is governed today by political movements and governments that call themselves ‘leftist’ or are classified as such by external observers.” (Luna) Furthermore, the shift in direction politically has been classified by 3 factors; “1) opposing incumbents by mobilizing economic and political discontent; 2) being able to bring together a broad, socially heterogeneous electoral constituency in the context of fragmented societies; and 3) having a charismatic leader who was able to achieve 2 by pursuing 1.” (Luna)

The main purpose of the following report is to provide information about the profile of The Bolivarian Republican of Venezuela; in order to study the current situation of the country for further investigations in the future that may help to understand the opportunities and risk involve in importing and opening new markets in Venezuela.