Political and Social Turmoil in Venezuela

A beautiful country in the north of South America, Venezuela is home to many natural wonders. Venezuela boasts the tallest waterfall in the world, several Caribbean archipelagos, vast plains, and many state parks (Martz). First colonized in 1498 by Christopher Columbus, Venezuela was named after the native’s stilt houses that reminded colonists of buildings in Venice, therefore naming the country “Venezuola” (little Venice) (“South America :: Venezuela). After being under the control of the Spanish for many years, Venezuela finally became an independent country on April 19th, 1810 (Martz).

In the past Venezuela created inflation that ran at a fairly reasonable rate. However, today they are slowly deepening into an economic crisis. Today Venezuela is experiencing hyperinflation, with an inflation rate above 800 percent. Hyperinflation as discussed in class, is monetary inflation

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.

Venezuela is doing poorly in this  as well. According to Travel Advisor, people should not show signs of wealth on the streets by wearing watches or jewelry in caution of being stolen from. People should also not have any electronic devices visible. Also according to Nation Master’s stats, Venezuela is ranked number 1(the most) in the category of “worry of being mugged  robbed.” with a score of 91 compared to the United States score of 45. Also in the category of “worry about home break in and enter” Venezuela was ranked 16 out of 132. They were given a score of 69 compared to the United States 48. Nation Master also states that Venezuela is ranked 5th out of 132 in the category of “worry of belongings being stolen from your

Before Hugo Chavez arrived to power in Venezuela, there was a strangely popular saying among the country’s citizens: “Cuando bajen los cerros.”

What would happen to Venezuela if the oil disappears? Venezuela is going through a very critical situation in which the economy is being affected. One of the reason why the situation in the economy in Venezuela is so urgent right now is because they are depending 96% on oil. That is one of the reason why in Venezuela, the people can’t buy basic product. To solve this problem, Venezuelans should find a way to expresses their voice in the “Organization of the Petroleum Exporting Countries” (OPEC) because that is the organization that has the power to raise the prices of oil. Another way that this problem can be solved is that Venezuela must stop depending only on oil because, they can use other natural resources which will greatly

My husband and his family left Venezuela 12 years ago, because the situation was not the best and because the government was controlling way too much. I believe communism has the wrong idea about the economy. Since people receive almost everything for free and the government can take your property away whenever they feel to, you are not motivated to produce or open your own business. It is very difficult to be auto efficient and avoid business relations with other countries when materials are needed to produce goods.

During the 20th century, Venezuela’s agricultural based economy transition into an economy heavily based on the exportation of oil, thus increasing the country’s GDP in Latin America. Although, the export of oil increased Venezuela’s economic power, it also brought an immense amount of inequality between the elites and ordinary citizens. In addition, Venezuela experienced an economic crisis in the 1980s and 1990s, thus leading to a political crisis, which motivated the people of Venezuela to demand a change. The Bolivarian Revolution began in 1992 after Hugo Chavez attempt to overthrow the current president, Carlos Andres Perez, failed. In 1994, Chavez transformed what was once his military coup into a revolutionary, anti-system movement. Following Chavez’s release from prison, he took office as president of Venezuela in 1999

This all started on March 30, 2017, when the Supreme Court of Venezuela decided that they would side with Nicolas Maduro about taking control of opposition-led Congress legislative powers, this move was a way to try to get closer to dictatorship. This move got the government to see the Supreme Court, and it took over its legislative powers. Ever since then there have been street protests, so they canceled the decision, but there still have been protests. These protests have not been peaceful, they have been very violent and a 13-year-old has already died, and all these protests have been in the capital of Venezuela, Caracas. On July 30, Venezuelans were asked the elect new members for the new

Venezuela is a country located at the north of South America, bordering the Caribbean Sea, Brazil and Colombia. Venezuela is a country full of beauties and contrasts where people can find beautiful beaches, plains, mountains, and even the majestic highest waterfall of the world (Angel Falls). During more than four decades, this country lived in full democracy until 1999 when a former military officer, who was involved in a military coup years ago, Hugo Rafael Chavez Frias won the presidential elections, and who remained in the government until he died in 2013 from cancer.Hugo Chavez's political discourse based on the Marxist thoughts soon was creating "The Bolivarian Revolution", and since its beginning offered the XXI century socialism, which one was never described specifically to people.

Venezuela is a country that lacks the right to property. This gives the government freedom to take anything they want, even if it is international property or owned by a multinational country. This lack of protection for property became apparent in last April this year. The leader of Venezuela Nicolás Maduro “seized General Motors’ plant in Venezuela and effectively forced it to stop operating” (Jones). They took over a property owned by a company and they didn’t warn them or compensate them fair market value. This auto- factory made parts that were used by trucks that delivered food and supplies to stores and people in Venezuela. This tripled the cost of essential parts use to repair these trucks so it lead to a direct increase empty shelves. Venezuela is in an economic crisis so this decision by his leader, which violated the rights of individuals who owned the company. This decision not only harmed all of Venezuela's

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

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 has the world’s largest oil reserves and by 1960, it became the wealthiest country in Latin America. Petróleos de Venezuela (PDVSA), the state owned company, was the key to economic and social development in Venezuela under president Hugo Chavez. His government was settled in an environment where the oil prices were rising and the economy was booming, so he was able fund social programs and practices that were popular to the poor masses. This wealthy and growing Venezuela made Chavez to be very popular and his regime very powerful. Oil revenue accounted for nearly 90% of exports, more than 50% of government revenue, and 35% of country’s GDP.

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.