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Political Risk Analysis Snapshot Paper

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Elizabeth Avila Due Date: 9/22/2016
GOV 465- Political Risk Analysis Snapshot paper
Venezuela
Venezuela is a country located on the northern coast of South America. It borders Guyana to the east, Brazil to the south and Colombia to the west (“Basic Facts on Venezuela”). It is interesting to see how a country that was once rich and had a strong government can end up caught in an economic crisis. Then, this may result in violence and chaos in the country. The worst part is that a crisis in one country can produce shocks all over the world.
Government:
Venezuela is considered a federal republic. It has five different branches of government; the executive, legislative, judiciary, electoral and citizen. Like in the United States, the president of Venezuela is the head of the executive branch. Although both America and Venezuela elect their president by popular vote, there is one big difference. The 22nd Amendment of the American Constitution sets a clear, two-term limit. On the other hand, President Hugo Chavez won a constitutional referendum to eliminate term limits. Due to this change, he was able to remain in power from 1999 to 2013. When former President Hugo Chavez died, Nicolas Maduro took his place as the president.
The legislative branch is composed of the Unicameral National Assembly (“Basic Facts on Venezuela”). The members are elected by popular vote to serve 5-year terms. The current president of the National Assembly is Henry Ramos Allup. The

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