Venezuela's Economy

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.

A country known for the Angel Falls (highest waterfall in the world), the exquisite arepas (corn cakes with cheese) and the legendarily Miss Universe titleholders; the Bolivarian Republic of Venezuela is located in northern South America.  Regardless from the artistic landscapes, Venezuela is acknowledged for its vital oil reservoirs, its everlasting admiration of Simon Bolivar and its prominent watermark of Chavismo. Moreover, the country’s bureaucratic history has been influenced by Spanish colonialism, authoritarian rule, and the practice of the use caudillos (regional military leaders). Venezuela’s economy has been predisposed by agricultural surpluses of coffee and cocoa despite the fact that the production of oil has determined the country 's GDP (gross domestic product) since the 20th century; slowly turning it into a resource curse nation.  Presently, Venezuela has about 30 thousand citizens with an urbanization rate of 89 %, for this reason it is one of the most developed countries in Latin America.

The US follows Rank Size Rule, whereas Venezuela doesn’t follow any specific pattern, as its second largest city is more than half as big as its first. Concerning both countries similarities, according to the CIA World Factbook, The dependency ratio hovers around “50%” (CIA). Regarding both

Issue: In Venezuela, the United Socialist Party (PSUV) has been in the power 18 years first with Chavez and them with Maduro, both elected by democratic elections. Now the country is divided into two significant groups Chavistas, people who support socialism and the actual president, and opposition, people anti-government and believe the corruption of the actual president. With this, the country is immersed in extreme violence, constants violations of humans rights and alarm power corruption. Additionally, some problems that the dictatorship produces like protests, the end of commercial relations with other countries, and the decreasing economy. The abuse of power leading to incrust the violations of humans right is the significant issue that Venezuela has to face today. This has an extended history that began in 1999, with the victory of Chavez in the name of socialism, but the break in the government started when Maduro raises in power and with the end of relations with the United States, who was the principal oil buyer. As well, the counting falling oil prices had decreased the Venezuela’s economy and limited the public inversion that the government used to do. With bad relations and an affected economy poverty, violence and discomfort with the government began. The corrupt power and constant violation of human rights are affecting in significant ways the country, particularly in the investment that the government

Throughout this assignment, our job as students was to develop a plan in order to have knowledge about the country we were planning to discuss, the country I decided to talk about in this assignment is Venezuela. Venezuela was given the name of Bolivarian Republic of Venezuela since 1999. Venezuela is located on the northern coast of South America, the country is compromised with numerous islands from the Caribbean Sea. It borders Brazil from the south,Colombia from the west and Guyana from the east. A little history about Venezuela, this country became a Spanish colony in the 1520’s. In 1830, Venezuela withdrew from Gran Colombia and became an independent republic. Most of Venezuela’s 19th century history was characterized by periods of political instability, dictatorial rule and then followed by a succession in the first half of the 20th century(CountryWatch). Hugo Chavez became president in 1999 and continuously became elected until 2013, the current president of Venezuela is Nicolas Maduro(CountryWatch).

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.

Fellow friends and family, it is well known that Venezuela is a country in south America, where the population is roughly around 31,815,485, and many tourists roam around seeing its beautiful terrain. Every year the GDP of Venezuela is about 438.3 billion US dollars. In addition, the currency of Venezuela is called Bolivar, and Venezuela generates its revenue by a having a mixed economic system. This means the producers and consumers decide what to produce based on the supply and demand. As well, the government makes the decisions on what to produce such as our petroleum industry. Private and the government are just the main ways on to how to produce. In the end of all the manifestation of the products, you, the people, whom are the producers

Venezuela is a land of diverse attractions located on the northern coast of South America. There are few interesting facts that many people are unaware of.

Venezuela’s primary imports include electronics, chemical products, and agricultural products and livestock. Venezuela mainly exports petroleum, heavy industry products such as steel, aluminum, and cement, and electronics. Products of Venezuela are consist of agricultural food crops and livestock, equipment and machinery, transport and construction materials, medical instruments, chemicals, medicinal drugs, iron and steel commodities, and crude oil and petroleum-derived products. As of 2017, the percentage of Venezuela’s population below the poverty line is currently 81.77%.

Venezuela is located between Latin America & the Caribbean. North of South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana. The north of the country is bordered by the Caribbean, the east by Guyana and the Atlantic Ocean, the south by Brazil, and to the west and southwest by Colombia. Venezuela has four distinguished regions: the Venezuelan Highlands in the west, the Maracaibo Lowlands in the northwest, the vast central plain of Los Llanos around the Orinoco River, and the Guyana region in the extreme south, which includes part of the Amazon rainforest and the Guyana highlands. Venezuela’s population as of 2014 estimates is 28,868,486; 0-14 years: 28.2% (male 4,143,840/female 3,985,489), 15-24

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,

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

Based on the country 's population, there 's a large percentage of people living in the big cities which "has the greatest water availability". Cities usually use, reservoirs to sub sustain their population. Caracas gets their water supplies from these reservoirs: Camatagua, La Mariposa, La Pereza, Taguaza, Taguacita, Lagartijo, Quebrada Seca, Macaroa river, and Cuira (Gonzalez 2015). Most of these water supply for Caracas flow from 2 major national parks. The water supply is limited because of the amount of people living in the capital. What attracts people are the abundance of water but then there are issues of when the water supplies run out. Venezuela as a country is prone to droughts even with Caracas being in the tropical regions of Venezuela. The important surface body of water is the Macaroa which is an important watershed to the city. Some of these water supplies come from the El Avila national park as does from the Macaroa national park. The majority of them are surface bodies of water but flow within the underground watershed to conserve the water supply during the drought. It is understandable that, “Of all the drinking water consumed in the city of Caracas, over eighty percent comes from the Tuy I, Tuy II and Tuy III aqueducts, which are fed from the watershed basins of the Tuy and Camatagua rivers. These basins have been undermined in recent years by long droughts, combined with short rainy seasons and a greater demand for