Venezuela's Economy : The Corruption Of The Economy In Venezuela

Cuba is a communist nation still present from the cold war era when Russia and Cuba had ties together. The government in Cuba is very corrupt and the officials take bribes from other officials or regular citizens in Cuba. Political corruption in Cuba is a very big issues. hI believe that all government is corrupt in some way, but it seems like Communist nations are more corrupt than capitalist nations like the U.S

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.

In recent years, an increasing number of professors, commentators, journalists, and teens on social media have claimed that capitalism has failed. What usually follows are suggestions to usher in a new wave of socialism, as if the chaos in Venezuela is somehow non-existent or something truly desirable.

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.

This article talks about Venezuela’s President Nicolás Maduro wanting to rewrite the country’s constitution, originally written in 1999. The exact changes that would be made to the document are not known, but citizens and leaders of both Venezuela and the United States, including President Trump, believe it will make the government too much like Cuba’s. Cuba has a communist government that controls everything. There will be a vote that many people plan on boycotting, and there have been many protests from all the people who do not want the President of Venezuela to go through with the changes. These strikes are dangerous and have ended up killing many people.

In the top left hand corner there is a symbol that represents the flag of the president. Venezuela is located in South America, bordering the Caribbean Sea and the North Atlantic Ocean, between Colombia and Guyana. Caracas is the capital of Venezuela, about how many people living within the capital? Spanish is the official/main language of Venezuela but many people also speak other types of languages. There are many tropical places to explore but be warned it is hot and humid. Most of their many resources that are petroleum, natural gas, iron ore, gold, bauxite, hydropower, and diamonds. All over the world countries have issues which occur; however, the ones in Venezuela greatly deal with the large amounts of cocaine, heroin, and marijuana. It also has the worst in human trafficking. Venezuela is a source, transit, and destination country for men, women, and children subjected to sex trafficking and forced labor. Many women in Venezuela have been in a horrible event. Some of these

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)

The Bolivarian Republic of Venezuela is the northernmost country in South America. Even though its location makes it a tropical region, this country posses a variety of climates going from warm at the Caribbean islands to alpine and humid at the mountains of Los Andes. This paper discovers the different tourist areas of Venezuela. The purpose of this research is to demonstrate the variety of climates, lands and regions that make this country the perfect tourist destination. First, we will cover some of the history and economy of Venezuela, as well as its location in the map and the oceans and countries that border it. Then, the climate and topography of the country are going to be explained in detail. Finally, we are going to explore the

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.

According to James Painter in his BBC News article “Latin America faces year of change”, Latin America suffers from social violence, kidnapping, drug trafficking, child pornography, lack of women’s rights, and little accountability over the region’s law makers and authorities which can lead to government corruption (para. 12). Government corruption can be defined as political power used by government leaders for private gain and to maintain their power as a government official. Most of the times these corrupt politicians in Latin America say they are accomplishing apprehension of criminals to the best of their abilities when, in reality, they commit the same multitude of crimes. Politicians are able to maintain their power as a result of

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,

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 is currently facing the worst economic crisis in history. According to the International Monetary Fund, it has negative growth of -8%, the worst in the world and the worst inflation rate (482%). The current unemployment rate is 17% though this figure is expected to climb towards 30%. Venezuela is a country that is reported to have the worlds largest oil supply, a commodity that has a changing price based on supply and demand. Their ability to sell oil was a primary source of revenue for the government. Exporting oil was reported to be around 96 percent of Venezuela's total exports according to the World Bank. In 2014 the

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.