What Is Venezuela's Economy

Latin America at this time had very little manufactured exports, mainly electing to important finished goods from the United States or Europe. Their most popular exports were coffee and bananas. They did, however, have an ever-growing amount of exports in the form of raw materials. These materials included cotton, copper, guano, and petroleum. Each Latin American

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.

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.

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.

Major imports include petroleum, coal, apparel, and gas. Major exports include automobiles, electronics, plastic, iron, and steel.

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

Venezuela currently has a president by the name of nicolas maduro. Venezuela has five branches : legislative

Venezuela has roughly 29 million individuals. Venezuela's northern coastline extends around 2,800 kilometers that impart the waters to various islands in the Caribbean ocean, including Los Roques, Venezuela.Venezuela covers roughly 353,841 square miles.The nation of Venezuela comprises of 23 expresses: the Capital Region (Caracas) and Government Conditions that likewise cover Venezuela's islands. Our city has the ideal spot for various sorts of exchanging and developments to come through.

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

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

Before we jump way ahead of ourselves in time of when the meet let's go back to July 24,1783, where it all began. Simón José Antonio de la Santísima Trinidad Bolivar y Palacios was born on this day in Caracas, New Granada (now Venezuela). Born into his wealth Bolivar was a man of a lot of privilege and opportunities. In terms of fulfilling his education, “Bolivar was sent to Spain for his education,soon deciding to continue into the political sphere” (enter citation) at about the age of 16 years old.When he got to Spain, it was the end of the French Revolution, the place where he gets his big ideas of revolution come from. This was also a time where he had met his wife, after being married Bolivar returned to Venezuela in 1803 and his wife

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.

Economic Affairs: Its mayor export partners are United States with trading values ranging from $24 to $30 billions per year at least in the last 3 years. United States has received exports of Petrolium in massive numbers from Venezuela which petroleum has a total of 95% worth of the country’s total trades, this is the 50% of Venezuela’s GDP. Venezuela is bordered by Guayana, Brazil and Colombia. Venezuela shipped to the US $29.1 billion worth of goods around the globe in 2016, while receiving from the US exports of cars, machinery and pharmaceutics merchandise. The US is a big parter in trades because it Venezuela is one of its top 4 suppliers of oil. Venezuela is highly dependent on exported oil which dominated 98.6% of the country’s