Venezuela And Its Effects On The Country

Living in two different countries can be a great experience that can change someone's way of thinking. We live in a world with many countries and different types of people, making us compare each other and ask ourselves how is this different or similar. For example, in Brazil, they speak Portuguese, but in Colombia they speak Spanish. That's one difference. Yet, Brazil and Colombia are in the same continent. Now, that's one similarity. In my case, I have lived in Venezuela and in the United States and sometimes I start comparing many things like economy, government, culture, topography, weather, traditions, etc. Many people don't notice how many difference and similarities two countries can have.

National socioeconomic development is one of the most pressing issues in Venezuela today. As reported by the World Bank, there are many factors to consider in order to explain this stagnation: The collapse in international oil prices and ineffective macro and microeconomic policies has lead to Venezuela’s reliance on the hydrocarbon sector (oil now accounts of 96 per cent of exports). Venezuela also faces major stagflation. Price controls, limitations on access to foreign currency, and the collapse of the private sector in the provision of basic goods have led to one of the world’s highest inflation rates. As a

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, officially known as the Bolivarian Republic of Venezuela, is located on the northeastern coast of South America. It is bordered to the east by Guyana, the south by Brazil, and the west by Colombia. The country stakes claim to roughly three hundred and fifty square mile of highly fertile and biodiverse land. As of 2015 the population of the country is estimated to be 29,275,940 (CIA, 2015). Throughout Venezuelan history many unique sociological revolutions have occurred and to understand the present one must appreciate the past.

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)

Simon Bolivar on Government in Latin America When Simon Bolivar wrote about the unique circumstances of Latin independence, he was referring to the independence movements and race revolts that occurred during the period he pushed to liberate Venezuela and other surrounding areas (Germán, 2018). Most, if not all, areas in northern South America that he liberated were overrun by revolts and uprisings that resulted in the death of countless citizens, especially by the hands of the British and various “gangs” in adjacent communities (Germán, 2018). His argument is fair, and depicts the difficulties suffered by countless Latin Americans during the late nineteenth century; however, understanding his argument takes an amount of foreknowledge considering he included little facts to support his claim.

Venezuela has roughly 29 million individuals. Venezuela's northern coastline extends around 2,800 kilometers that impart the waters to various islands in the Caribbean ocean, including Los Roques, Venezuela.Venezuela covers roughly 353,841 square miles.The nation of Venezuela comprises of 23 expresses: the Capital Region (Caracas) and Government Conditions that likewise cover Venezuela's islands. Our city has the ideal spot for various sorts of exchanging and developments to come through.

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.

Language and religion: Venezuela's official language is Spanish (introduced into the territory in the sixteenth century after it was colonized by Spain). The official religion is Catholicism (almost 90% of the population is catholic). Venezuelans venerate José Gregorio Hernández, a doctor who lived during the late 1800s and was recently given venerable status by the Vatican, but not officially recognized as a saint by the

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,

In Venezuela, when your government-mandated day of the week arrives to buy food, you already have a plan of action. For William, a 44-year-old farmer, this starts the night before at sunset. Every Tuesday, William and a friend team up and join dozens of others at the end of a queue outside the grocery store. The team takes turns staying up throughout the night while the other one sleeps. They do this for safety and too look out for line cutters. Like thousands of others in Venezuela, this is the only way to get a good spot in line for the next morning. They need the best chance to obtain basic foodstuffs like cooking oil and rice when the store opens in the morning. As the sun rises they continue to stand in line under

The types of ethnic groups in Venezuela are Spanish, Italian, Portuguese, Arab, German, African, and Indigenous people. The religion that is practice is Roman Catholic and Protestant. Religion is a big part for the people of Venezuela. It is estimated that over 90% of the

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.