Venezuela Case Study

Chavez aimed to stray away from American imperialism and cut ties with the IMF once his debt was paid, the reason being that he did not want foreign businesses controlling Venezuelan economic industries. Additionally, in order to distance Venezuela from the influence of the United States, who covered about 60% of Venezuelan exports in the first decade of the 21st century, Chavez aimed to lessen the degree of dependence that Venezuela had on the United States by establishing economic ties with other

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.

The country of venezuela is hot, humid,and located in nothern south america.The capitol of venezuela is caracus. The name venezuela came from the explorer , alonso de ojedo ,because he admired how much it reminded him of venice. Earleist records of venezuela date back to march 30th 1845 when christopther made his third voyage in search of gold.Settlers would go to venezuela to trade for their resources because venezuela was known as the riches country.Venezuela would trade natural resiurces like : petroleum natural gas,iron ore gold minerals and diamonds.They first gained independence in 1811 on july 5th ; by the help of jose prudencio.

The 20,000 bolivar, Venezuela’s currency, is barely worth five dollars. Banks only let citizens take out a couple ten hundred bolivars at one time. This only equates to about two to three dollars and only happen if the banks aren’t bankrupted themselves. (Gillepies and Zamora 1) Maduro continues to jail any politician and citizens who dare to stand up. Only twenty-four percent even agree with Maduro’s tactics. (Smith 3). "Even though it pretends to be a democracy, Venezuela is now a dictatorship," says Ian Vasquez, a Latin America expert at the Cato Institute in Washington, D.C. As citizens flee the country any way they can, Maduro continues to blame the US for their problems like Chavez once did.

That video wasn’t the only one on music that caught my attention. The documentary on El Sistema in Venezuela is extremely moving. It’s a musical program to help children escape from poverty and the slums of Venezuela’s poorest. What they do is they gather and train children to become members of orchestras, especially well-known ones. There are at least approximately 1200 students, in which 80% are below the poverty level. And yet they are given paper instruments in the beginning of their courses until they move on with real instruments. I’d never found anything so fascinating like that. I just wonder how the founder and director of El Sistema, Jose Antonio Abreu, did it. He had navigated the entire program for 35 years and probably even more

This vote was held in attempt to show the government what the people want. A woman was killed by gunshot and three others were injured while waiting in line to vote. Over seven million people voted, even people who had migrated out of Venezuela, and 98% voted in favor of the Opposition. President Maduro said that the referendum was meaningless. (BBC). Then on July 30th, a vote was held to choose new members for the Constituent Assembly. Almost all of the candidates were Maduro supporters, the president’s own wife was even one of the candidates. In the midst of the Opposition-sided protests during the election, things got violent quickly. At one point, a bomb went off and injured several police officers. (Robins-Early). After this election, the United States declared sanctions on Venezuela and President Trump called President Maduro a dictator. Nicolás Maduro responded to this by saying, “I don’t take orders from the empire,” and, “In the United States it's possible to become president with 3 million votes less than your opponent. What a tremendous democracy!” The United States responded to this by stopping all transactions between the US and Venezuela. (Savransky).

Problems and Challenges: The main problem and challenge that Venezuela’s economy is facing today is a shortage in supplies. Many critics place the blame on Venezuela’s current president Nicolas Maduro and his poor management abilities. Venezuela doesn’t have a stable economy but instead has a poorly run exporting business. The cost of an oil barrel has dropped down significantly resulting in major issues for the country, including food and supply shortage. “Venezuela has $3.5 billion unpaid bill for pharmaceutical imports, payment arrears of more than $2 billion for food, and nearly $4 billion owed to airline companies.” A combination of factors have contributed to this major shortage including a “lack of foreign capital and declining oil prices” but the root of the problem ultimately comes from the countries “socialist economic policies.” The Venezuelan government has also been

United States started diplomatic contacts with Venezuela after the removal from the Colombian alliance in 1830, and maintained a usually close link all the way through most of modern history. However, bilateral link has been tense in recent years due to a range of ideologies differences. The U.S. Government still believes both countries can served better by securing a practical and useful bond focusing on areas of mutual interest, including counter narcotics; counter terrorism, commerce, and energy. (“U.S Department of State”)

Venezuela is a Spanish country located in South America. Venezuela was populated by Spain in 1522 and gained its independence from Spain on July 5th of 1811. Venezuela was also acknowledged on March 30, 1845. The current president of Venezuela is Nicolás Maduro. The Spanish country is bordered by Trinidad and Tobago, Colombia, Guyana, and Brazil. Caracas is the capital of Venezuela; Caracas is just one of the twenty-three states in Venezuela. Caracas was actually named one of the most violent cities in the world.

Venezuela has a storied history. During 1522, Venezuela was colonized by the Spanish. Than later in 1811, Venezuela was included as a department of the federal republic of Gran Columbia. Than in 1830, Venezuela became a free country. During the 1900’s, Venezuela dealt with government turmoil, being dominated by military strongmen until the mid-20th century. Some of Venezuela’s geographical features include the Maracaibo lowlands lie in the north east and llanos and the Orinoco Plains occur in the central part. The Orinoco River is 2,574 kilometers in length and the water from the lake drains about four fifths of the entire country. Venezuela has over 1,000 rivers other than the Orinoco. The climate in Venezuela is hot, humid and tropical, while in the highlands it is moderate. The world’s tallest mountain, Angel falls is also located

Health in Venezuela can be different in a lot of ways. For some people health care can be unfair, because people with more money get better health care, but people with less money get worse health care. Also the hospitals in the rural areas get less people,supplies and equipment. In Venezuela some health care can be free because of the government program but has decreased. Malnutrition Is a problem in Venezuela. In the rural areas Malaria cholera and dengue fever are also a problem.

Venezuela is now witnessing its largest protests in a decade. President Nicolas Maduro who is a affiliate and follows the socialist norms took power almost a year ago and has cracked down on demonstrations with unprecedented force, using the National Guard and armed paramilitary gangs. There is a considerable portion of the population that is fed up with the country’s rapidly weakening financial system. The government has run out of cash and now relies on printing money to finance itself. As a result this country has the highest inflation rate in the world.

Venezuela currently has a population of 31 million people. Venezuela is still growing in numbers, and it’s getting harder for the government to provide health care for their people. Venezuela’s population is 1.9 times larger than South America. The country is mainly urban, and the wealth rate is declining. The resources per person needs to be the same, and as of now that’s not the case. Overall fertility rates are failing in Latin America. In 2015 the population was six times the size that it was in 1950, and the United Nations projects that it will be nine time larger by 2050, and still growing at that point, despite the long-term decline in fertility. (Latin America) Although there are many economic crisis in Venezuela, this isn’t preventing them from having children in higher numbers. This could be the shortage of health care.

Chavez’s policies on the outside seem to be an effort to help the Venezuelan people and create a better lifestyle for citizens, and at first that’s what seemed to happen. Chavez believed in a socialist economy, and at the time looked at himself as an “anti-Bush” leader, often referring to George W. Bush as the devil and criticizing American politics. Having said this, the United States have been the largest buyers from PDVSA, Venezuela’s national oil company. Although socialism can be done correctly, the Venezuelan version of socialism turned out to be not-so-subtle authoritarianism. Inflation is currently at 720% (According to IMF May 2016 reports), and the economy has shrunk for seven consecutive quarters since 2014. Many blame the current crisis on three different causations: Chavez’s price restrictions on basic

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.