Venezuela's Economic Crisis

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.

Most people speak spanish as one of their languages. Most people are Roman Catholic but there are some people that are Protestant or other forms of Christianity. Their literacy rate is 96.3% of their whole population. For men it is 96.4% and for women is about 96.2%. Venezuela has a population of 29,275,450 but they are rated number 46 on the population list. There are many brave soldiers everywhere in the world. In Venezuela there is men and women serving their country. 227,210 in males and 273,353 women in the army. Many fit men and women are able to join the army, there ages vary from 16-49 for both

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.

So far 13 airlines have stopped or slowed their service to Venezuela. Urbanization came as a big rush to Venezuela, and that brought along many small pop-up towns known as ranchos that are extremely poor and often have little to no hygiene, electricity, fresh water, or many basic human needs. These little villages are especially prone to natural disasters, and there have been many occasions where an entire village was destroyed because it was built on a cliff that had a mudslide. On the bright side, Venezuela is urbanizing very quickly and while most of the cities are overcrowded, that just means more people not living in small little huts.

In the present day immigration into Venezuela is welcomed and rather easy. The country continues to be a “magnetic pole” of sorts for immigrants. A number of reasons create this attraction including the simplicity of migration, ease of becoming an entrepreneur, the current political situation, and access to quality health care. According to 2010 World Bank statistics only 521,500 Venezuelans lived abroad while 1,007,400 people immigrated to the country. Venezuela is clearly a haven for immigrants. However, not all citizens are content with this fact and choose to emigrate elsewhere. A small percentage of the population, most typically those falling into the upper-middle class to upper class distinctions, have expressed discontent

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.

Have would you feel if you can escape being robbed? Insecurity is something very disturbing world you exist and many countries worldwide with considerable uncertainty, as in the case of Venezuela the country I was born and I grew up. I will never forget that special day because it was a moment that I do not wish anyone to live be a very uncomfortable situation for me. It was a horrific day for anyone because it was the first time I was robbed and had a gun in my back all that happened when I decided to walk to a bank near my college to go to pay for insurance, I will remember that day forever all the feelings I felt like it was confuse, worried and anxious.

So, to cease, I would like one to ask himself these questions. How is Venezuela doing? Are they running successfully under a socialist leader? Well, to fill one in, they are actually far off from well. Almost their entire population is struggling to survive. Their food pantries are empty along with everything else. “Venezuela is facing the most serious economic crisis of any country in Latin America. Inflation is expected to top 400% this year and electricity companies are already failing to keep the lights on in many parts of the country. The country’s largest beer company has already shut down….”(Flannery, Nathaniel P). As one can see, socialism displays more than a little problem. Socialism is simply a trap to redistribute wealth.

The phenomenon of corruption in Venezuela is one of the evils that Venezuelan society has seen grow and involves the public and private. Currently, Venezuela is among the top ten most corrupt countries in the world. The purpose of this research paper is to discuss the struggles and issues that Venezuela is facing. My research topic is about governmental corruption in Venezuela and the impact it has on hunger. It’s important to discuss this matter because no one else is, it is important for people to be educated about the perversions of the Venezuelan government. The current situation in Venezuela is as bad as it gets for a country that is not at war. One issue that the country is facing is hunger. Food shortages in Venezuela hit families and

Reports state that the Venezuela economy is going through some really rough times. This affects the people and industry on several levels. The downturn in the economy has also led to a shut down of the Coke production plant in Venezuela. In fact, Coca Cola has suspended all production in the country. This is disheartening news for the people that work in the industry and the stock market. Clearly, the shutdown is due to the lack of an important ingredient in the product. That important ingredient is sugar.

A long line of shoppers waited in front of the central Madeirense super market in Guarenas, Venezuela. The shoppers had been there since sunrise anticipating the arrival of a truck containing poultry. One shopper complained that she had not been able to buy chicken in more than a month. Once there, the failure of the driver to unload the poultry before leaving became the catalyst that created widespread anger and violence.

From the New York Times article “Turnabout in Bolivia as Economy Rises From Instability” it seems as though, there has been growth at last for a country that came from a history of instability. Inflation is at minimal and with their well planned budget, the poorest country in South America, Bolivia is continuing to thrive with a 6.5 percent growth rate in their economy, last year, which is currently one of the highest rates in Latin America. Bolivia has advanced into an example, an example, for all other countries to want to possibly follow in the future. The Author, William Neuman, used this passage as followed: Tucked away in the shadow of its more populous and more prosperous neighbors, tiny, impoverished Bolivia, once a perennial economic basket case, has suddenly become a different kind of exception — this time in a good way.

After President Hugo Chávez died, Nicolas Maduro took power of the socialist regime in Venezuela. Maduro’s government has faced one of the biggest economic, politic, and social crises Venezuela has had (Hernández 2016). This crisis has generated a massive food shortage that has affected the whole Venezuelan population. Many scholars have proposed different solutions on how to solve the shortage, but it seems that Maduro’s only intention is to generate political clientelism to his party instead of finding realistic programs to solve the shortage.

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.

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.