Nicolas Maduro: The Economic Crisis In Venezuela

In order to understand Venezuela’s current economic policies, it is important to examine the economic and political ideologies adopted by past leaders of the Bolivar state. Chavez, who was the president of Venezuela from 1993-2003, took a very anti-neoliberal approach towards the Venezuelan economy. Chavez had a strong distaste for western ideology and aimed to lessen the degree of influence that the IMF and the United States had over Venezuela; In fact, Chavez’s desire to distance Venezuela from western influence is arguably the main reason that led to Venezuela’s shift in its economic model and economic partnerships. Foreign investors from the United States planted themselves in Venezuela’s oil industry. As a result, the IMF and the United States financially benefitted where Venezuela could not. Realizing it was in a position of economic disadvantage, Venezuela distanced itself from the United States and the IMF while attempting to become more economically independent.

This delicate subject is affecting millions Venezuelan citizens as well as raising concerns of family members abroad fearing for their kin. It has affected generations so much that many have decided to leave behind jobs, friends and family to flee from its own country. Venezuela is one of the most dangerous countries at present, a dangerous country where “economic crises and high inflation, like panic-induced runs on banks, generate self-serving, defensive behaviors that tend to spiral out of control,” (Corrales, 15). Venezuelan citizens are having a really difficult time realizing how bad their country is doing and how their families are trying to survive day by day.

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

The Bolivarian Republic of Venezuela is the northernmost country in South America. Even though its location makes it a tropical region, this country posses a variety of climates going from warm at the Caribbean islands to alpine and humid at the mountains of Los Andes. This paper discovers the different tourist areas of Venezuela. The purpose of this research is to demonstrate the variety of climates, lands and regions that make this country the perfect tourist destination. First, we will cover some of the history and economy of Venezuela, as well as its location in the map and the oceans and countries that border it. Then, the climate and topography of the country are going to be explained in detail. Finally, we are going to explore the

Because of the large crash of oil pricesand excessive spending of the surpluses that once existed in the Venezuelan economy, Venezuela ishaving extreme trouble keeping their economy intact. Not only that, but the regulation of food prices, tohelp the Venezuelan people afford it, is actually a driving factor in the political turmoil seen today. Byregulating food prices, President Chavez may have cut costs for consumers, but he cut costs to where itwas unprofitable to produce food for producers, so they have stopped providing, leading to a food crisis.On top of all of this, this regulation of food prices has actually increased inflation, as President Chavezdecided to print more bolivares to solve the problems. When President Maduro stepped into office, heinherited all of this. In December of 2015, the inflation rate was 180%, but by the end of this year, it isexpected to be 700%. Because of these three leading factors, 90% of Venezuelans are eating less thanthey did last year, and “extreme poverty”, as classified by UN guidelines has jumped by more than 53%in the past year.The Ministry of Labor and Social Security has played a key role in all of these

I am writing this to you to address the current economic crisis that is currently afflicting your country. Your country thrived for many years on large oil reserves but due to the oil market your countries economy is now suffering. It is my hope that after addressing your strengths and short comings that you can utilize my suggestions as an outsider looking in and we may work together to start on the path to securing a financially stable Venezuela. I know taking advice from an outsider may seem illogical but I have thoroughly analyzed your your countries economy and the burdens that it has caused for your people and have worked to create solutions

In Venezuela, there is an ongoing political, economic, and social revolution with no end in sight. Former President Hugo Chavez left the country in a massive debt, resulting in shortages of basic necessities. Venezuela used to be a

Venezuela is located on the north coast of South America. It is a very interesting country, since it possesses many unique attributes and resources that other countries in the region do not. There are several different systems that represent these resources and attributes. Major Kris A. Arnold (2006) states “PMESII is (sic) military acronym listed in several joint and service publications, which evolved from a systems perspective, and equates to the political, military, economic, social, infrastructure, and information systems of states. The acronym provides a starting point for identifying key interrelated systems of an adversary and facilitates analysis and kinetic and non-kinetic targeting”. Venezuela is an especially interesting case due to the political system in place, in addition to the unique economic power that the nation has.

The Bolivarian Republic of Venezuela is a country situated on the north coast of South America. It is bounded by Colombia on the west, Brazil on the south, and Guyana on the east with a population of over 31 million people and covering 916,445 km2 (353,841 square miles). Venezuela is considered a developing country seeking to become more advance economically and socially. Although their rich soil and fertile ground, Venezuela suffers the world’s highest inflation rate where $1.00 US Dollar = 676,71 Venezuelan Bolivars. Shortages in food and medicine are daily issues that citizens face creating hostile environments and harsh living conditions for most of the population. As a result, Venezuelans need to search for food doing long lines that can

Another outcome that can be used in Venezuela is a regime change. For instance the prohibition of US dollars in oil transactions as it was done in Iran to change its regime. The crisis in Venezuela is caused by first mismanagement of the economy, the populist policies, its dysfunctional exchange rate system, and the currency of the money used in Venezuela. The Bolivar is the official currency of Venezuela. Which currently has lost almost all of its value against the US dollar. The country’s economy has fallen into a problem in the past few years due to a plunge in global oil prices and a miss leading government response to the crisis. The reduction or elimination of foreign currency in Venezuela means to make some adjustment to its economy

The phenomenon of corruption in Venezuela is one of the evils that Venezuelan society has seen grow and involves the public and private. Currently, Venezuela is among the top ten most corrupt countries in the world. The purpose of this research paper is to discuss the struggles and issues that Venezuela is facing. My research topic is about governmental corruption in Venezuela and the impact it has on hunger. It’s important to discuss this matter because no one else is, it is important for people to be educated about the perversions of the Venezuelan government. The current situation in Venezuela is as bad as it gets for a country that is not at war. One issue that the country is facing is hunger. Food shortages in Venezuela hit families and

The major economic activities include industry, commerce, and tourism. Venezuela also administers some islands and archipelagos that include the Margarita Island, La Tortuga, Los Roques and Los Monjes. Like many Latin American countries, Venezuela has a high number of poverty levels in cities and other urban dwellings. The country has been experiencing a large debt and widespread governmental patronage and corruption which have seen the country struggle economically (Peter 2010).

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,

Venezuela currently has a population of 31 million people. Venezuela is still growing in numbers, and it’s getting harder for the government to provide health care for their people. Venezuela’s population is 1.9 times larger than South America. The country is mainly urban, and the wealth rate is declining. The resources per person needs to be the same, and as of now that’s not the case. Overall fertility rates are failing in Latin America. In 2015 the population was six times the size that it was in 1950, and the United Nations projects that it will be nine time larger by 2050, and still growing at that point, despite the long-term decline in fertility. (Latin America) Although there are many economic crisis in Venezuela, this isn’t preventing them from having children in higher numbers. This could be the shortage of health care.

With the huge glut in old prices that began in 2014/15, the Venezuelan economy took a complete nosedive.