Venezuela, The United States And Venezuela

Oil has often been referred to as any economy’s lifeblood. Although this is an overemphasis, oil has been the key, nonhuman resource of the economy throughout the largest part of the 20th century. In the book “The Prize: The Epic Quest for Oil, Money, And Power” by Daniel Yergin, the author illustrates the political, societal, economic, and geo-strategic importance of this product.

When thinking of New York City, more often than not, the first things one visualizes is the beautiful skyline, the bright lights, and Times Square. But without a second glance, one might miss one of the important things about the city. New York is the most heavily Dominican populated city in the United States. It’s ironic that the first non-native American to migrate to and reside on what is today New York City, was from Santo Domingo, the capital city of the Dominican Republic. Throughout history, Dominicans have migrated to the US in search of economic opportunity. This is the factor that influences nearly every immigrant group that migrates to the US in history. In the early 1900s, The United States and the Dominican Republic had a very close diplomatic relationship, to the point where the President considered annexation. At one point, the United States completely controlled the Sugar industry, one of the country’s most profitable markets.

that were there were the Carib, Arawak, and Chibcha. Then to many people it was “discovered by Christopher Colombus”. Venezuela was one of three countries that surfaced from the catastrophe of the Gran Colombia in 1830. The Gran Colombia is a name used today for the state that encompassed much of northern South America and part of southern Central America from 1819 to 1831. Democratically elected governments officials have held power since 1959. Hugo Chavez, has been president from 1999 to 2013. When he Left, Nicholas has been President since April 19th, 2013. Venezuela’s

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 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

Venezuela and the United States, two countries vastly different economically. One of them is one the biggest economies on the world; albeit with many problems, the other, a crumbling state facing the harsh difficulties of the drop in oil prices; its main source of revenue. For either of them, young people represent the future. But whether they are newly graduated in Venezuela or in the United States, young people must face an array of problems when it comes time to join the workforce and become one of its country’s productive citizens. In the US, a large amount of debt, lack of work experience, low wages, and underemployment are some of the problems they face. In Venezuela, it is not much different, you just need to add great economic instability and high emigration rates to the mix in exchange for debt.

The United States and Colombia have had a long standing relationship through the course of history. There have been trade agreements signed by the two parties; also negotiations have taken part in regard to development strategies on the part of the US to promote the rule of Democracy and it’s institutions in Colombia, where illegal armed forces sought to control many aspects of the country’s development. Aside from trade agreements the United States and Columbia have also had agreements related to the protection of the environment, renewable energy, control of chemical weapons, and so on. We are going to discuss these concepts in more detail throughout the paper to determine the socio-economic and political relations between the two countries, and try to create a perspective for the future of the relationship between them.

Venezuela’s Foreign policy is very anti-US. Maduro blames outsiders for many of the problems his citizens face. He has blamed the US for starting an economic war against Venezuela, amongst many other accusations. Venezuela also has a strategic relationship with Russia, and supported Russia with it’s war against Georgia. Chavez and Maduro have tried to ally themselves with countries that are not allied with the US. A lot of these countries are in latin america, which Chavez and Maduro have paid specific attention to. Chavez also supported the Iranian Nuclear program. The US has threatened to sanction Venezuelan top officials, but so far has taken no action against the government of

In 2012, the administration of Argentina dispossessed 51% of the shares of the oil organization YPF of spanish company Repsol. The measure, as indicated by the legislature of the President Cristina Fernández, tried to continue State control over the oil and gas organization as an approach to ensure the nation's vitality independence. Months sooner, Repsol had found gigantic stores of shale gas and oil in Vaca Muerta, which would now be exploited by the State. Be that as it may, the response of the worldwide group and potential new entrepreuners in light of the oppressive idea of the confiscation deterred the entry of new capital. Given Argentina's own particular absence of assets and innovation to exploit Vaca Muerta, the administration returned new controls on outside speculation, paid remunerations from

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,

Based on the GDP growth rate line graph, the GDP growth rate of Venezuela is better than GDP growth rate of Malaysia in 1970 by 7.71%. It is due to buoyed by a strong oil sector in the 1970s,Venezuela's governments were able to maintain social harmony by spending fairly large amounts on public programs including health care, education, transport, and food subsidies. Literacy and welfare programs benefited tremendously from these conditions. Because of the oil wealth, Venezuelan workers "enjoyed the highest wages in Latin America. “ Besides, the GDP growth rate of Malaysia is better than Venezuela in 1980 by 7.44% it is because performance peaked in the early 1980s through the mid-1990s, as the economy experienced sustained rapid growth

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.