The Spillovers Of Socialist Policies

A country known for the Angel Falls (highest waterfall in the world), the exquisite arepas (corn cakes with cheese) and the legendarily Miss Universe titleholders; the Bolivarian Republic of Venezuela is located in northern South America.  Regardless from the artistic landscapes, Venezuela is acknowledged for its vital oil reservoirs, its everlasting admiration of Simon Bolivar and its prominent watermark of Chavismo. Moreover, the country’s bureaucratic history has been influenced by Spanish colonialism, authoritarian rule, and the practice of the use caudillos (regional military leaders). Venezuela’s economy has been predisposed by agricultural surpluses of coffee and cocoa despite the fact that the production of oil has determined the country 's GDP (gross domestic product) since the 20th century; slowly turning it into a resource curse nation.  Presently, Venezuela has about 30 thousand citizens with an urbanization rate of 89 %, for this reason it is one of the most developed countries in Latin America.

The history of Venezuela is not necessarily unique in regards to resistance to and domination by European imperialism. Many countries in South and Central America underwent similar transitory periods between colonization and independence. Venezuela is different in the way it continues to resist imperialism in the Common Era. The indomitable spirit of the indigenous peoples of the region still prevails in

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)

Venezuela, officially, the Bolivarian Republic of Venezuela, is a country on the northern tip of South America and bordering Columbia. Hugo Chaves was elected the President of Venezuela in 1999 after serving in the Venezuelan Army from 1976-1991 and leading an attempted coup and after beginning his political rise in 1994. One political stance that Chavez adopted was Populism and, once elected, he enacted a national economic policy that kept gasoline prices stagnant and extremely low through government subsidies. Chavez remained in power for 14 years and throughout his entire rule he kept that policy in place to retain the approval of

The current political landscape in Venezuela is an alarming step backward for Democracy in Latin America. While Venezuela has the richest proven oil reserves in the world, the country 's citizens are literally starving to death due to food shortages. While in a traditional democracy this would lead to the political leaders being ousted from power, Venezuela 's President has seized more and more control, shifting the country towards an authoritarian regime. Venezuela had been slowly moving towards a free democracy with the Punto Fijo regime (1958 – 1998), but the movement was set back by rampant corruption and the failing credibility of the country 's political establishment. This led to the rise of

The history of Venezuela is a long and tumultuous one, and accurately paints the picture of a country in disarray. From it’s colonization in 1498 up until 1958, the country shuffled between a long line of military dictators. At this point, the last of them was finally overthrown,

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

Venezuela was once Latin America’s richest country because of its production of oil. Internationally, Venezuela was positioned ahead of Saudi Arabia as a country who had the largest oil reserves because the Orinoco belt contained an estimated 1.2 trillion barrels of oil. After the oil prices climbed to $100/bbl. in 2007, former President Hugo Chavez took this as an opportunity to seek more revenue which the government was using to fund the welfare programs it offers its citizens such as food, housing and services for the elderly that are also beneficial to refugees. However, when oil prices plummeted to barely $50/bbl., Venezuela’s oil production fell to 2.6 million BPD, which is a more than 20% decrease than average. This economic crisis lead

As a consequence, with the passing of the years he created an atmosphere of division, violence and unrest within the population.Thus, Created a marked difference between the supporters and opponents of his policies, a situation that President Hugo Chávez took in advantages for himself purposes, deploy a communist regime disguised as a socialist. In other words, Chavez tricked his people offering the establishment of a socialism that was nothing more than a dictatorship adapted to their own purposes, become the most recognized leader of the left in America and throughout the world.

Venezueal sees Bolivia as its suburbs of economic policy based on the energy riches of these two republics (Venezuela - oil / Bolivia - Natural gas). Venezuela conceives its geopolitical space a rather broad and ambitious as it primarily relies on its oil wealth. Energy nationalism its potential considerably damaged. In this respect, compete with Brazil and recently with Colombia about an oil influence in the Latin American area. The driving venezuelan force has two positive and one negative aspects. These positive factors is its integrative dynamics and ability to fill national budget of petrodollars. The State is aware that the main raw materials are the most valuable natural resources - oil, natural gas, iron ore, gold, bauxite, coal and other minerals. Its negative component directed to the ideological

In recent years has been developing in Latin America and especially in Venezuela, an economic crisis of such magnitude that in this country the increase in poverty has grown dramatically, as a result of the decrease in sources

The Colombia and Venezuela border conflicts are quite interesting due to the political implications, illegal activities, and the violation of human rights. According to the Americas Society/ Council of Americas on August 20th, 2015, the Venezuelan president issued a decree to close two of the main crossing borders with the excuse of smuggling and major security concerns in the border. Months later, the Venezuelan government continues closing important crossing points necessary to transport goods back and forth the two nations, this is a part of president Maduro strategy to hide the Venezuela internal crisis and to hold legislative elections that could decrease the power of “Los Chavistas” his political group. As in many dictatorships, holding

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,

The oil-rich Bolivarian Republic of Venezuela, located on the northern coast of South America, was for many decades considered among the wealthiest nations in the entire continent. While having the largest proven oil reserves in the world has often proved a tremendous boon for Venezuela, the very black gold that has been the cause of its success has also proven to repeatedly be its kryptonite. Over half of the nation’s Gross Domestic Product stems from petroleum exports – which equates to approximately 95% of total exports. It is really not too hard to imagine what drastic consequences shifts in global oil prices could have on the economy.

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.