The Venezuelan Economy And Immigration

When Christopher Columbus discovered the coast of Venezuela, he thought he had encountered an earthly paradise, today that grace land is ravaged by famine, inflation, scarcity, violence, social and political conflicts; “social implosion [being] driven by economic collapse, caused by shockingly self-destructive policy making” (Toro, 1). Venezuela’s antidemocratic government and its lack of foresight has created a severe economic crisis crumbling health care system and a lack of basic necessities and is jailing innocent people who object.

Venezuela is just another chapter in my ongoing book. I was born in Tamaulipas, Mexico my home country and got moved 3 months later to New Orleans. It was uncommon for a Mexican family to move so constantly all over the world, we are known to migrate to US or not migrate at all. I don’t remember New Orleans so I regarded to my next move, Colombia as my home. Colombia was everything a 4 year old wanted, friends, close to family, wonderful house and most importantly the school was accepting of others. I felt as if I belonged, I even sang the national anthem with pride, seeing that it was my country. I knew Colombia inside out, I knew the language, culture, food, education which gave me comfort as for a long time I felt ordinary like any

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 is a country that is not very talked about or mentioned but is very helping to our society today.There was a long line of history and background information about venzuela that that was interesting and more astonishing to write about. The food cuisine in venezuela is very diverse and open to more influences which

Venezuela’s reputation has been well established regarding its supply of oil and how it was being used for medicinal use and other purposes. It was not until the first oil well was drilled in 1912, when Venezuela became the world’s second largest oil producer behind the US, and the world’s largest oil exporter (Wilpert, 2003). With the well drill in the country it attracted many major oil producers that wanted a piece of anything they could get. The Royal Dutch Shell and Rockefeller’s Standard Oil became the main producers of the oil and maintained a high status. Everything was going great for the company, “ between 1920 and 1935 oil share’s exports went up from 1.9% to 91.2%”(Wilpert, 2003), but not everything goes according to plan. The country had a dramatic impact towards its economy that many recall, “The Dutch Disease.” “The utmost important magnitude of the Dutch Disease was that agricultural production declined to almost nothing and the country fell behind in industrializing, relative to other Latin American countries” (Wilpert, 2003). Thus, Venezuela had passed a reform oil policy that was the Hydrocarbons Act, which was from the oil revenues based on the income of the mines (Wilpert, 2003), bringing the state’s income to stability.

The United States maintains the largest economy in the world, with, according to The CIA World Factbook, “a per capita GDP of $54,800” (CIA). Venezuela has the “176th largest economy,” according to heritage.org. Though Venezuela is short of a pure socialist economy, it maintains, according to Tim Worstall of Forbes.com, Venezuela practices “Anti-Marketism” in which private enterprise is discouraged (Worstall). The United States is mostly a capitalist country that has an economy that depends on the exchange of money and private enterprise. The economy of Venezuela is largely dependent on its vast oil reserves.

him great perspective of a ruler. Venezuela was a significant oil exporter and in the 1980s, there

“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

Venezuela is in a dyer state that is going to grow into a humanitarian danger to those who live in its borders. Due to the global value reduction of oil over the years, Venezuela, who has one of the world's largest oil reserves, cannot import the essential resources, such as food and animals, into its country. In fact, nighty-five percent of Venezuela's national income comes chastely from the black gold that they have a profuse amount of

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

Venezuela is located in northern South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana, and north of Brazil. Christopher Columbus was the first European to visit Venezuela. He came in 1498 during his third voyage to the New World, and landed on the Peninsula de Paria. More explorers came a year later, and it was Alonso de Ojeda who gave the country its name. Arriving at Lake Maracaibo, he admired the stilted houses that the Indians had build above the lake and called the place Venezuela, which means “Little Venice.” Early colonization in Venezuela was much less rampant than it was in other parts of South America, and the viceroy ruled the colony from the city of Santa Fe, which is now present-day

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.

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.