With an economy dominated by the production of oil, Venezuela has enjoyed the highest standard of living in Latin America. Rather, it has suffered from the effects of political influence, corruption, and poor economic management. The distribution of wealth across Venezuela has caused the. Chavez, who was the president of Venezuela from , took a very anti-neoliberal approach towards the Venezuelan economy. Economic Analysis for Business Assignment Examine the last ten years of the Venezuelan economy Part One Venezuela is currently facing the worst economic crisis in history.
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Document A The states were divided separately into one nation, rather than unified into one nation. Tensions bet New York: McGraw-Hill, Johnson, John J. Lynch, John. Latin America between colony and nation: selected essays.
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Inflation in Venezuela
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Venezuela is engulfed in a political crisis with two rival politicians claiming to be the country's legitimate leader. Venezuela has been governed for the past 20 years by the socialist PSUV party. During its more than two decades in power, the PSUV has gained control of many key institutions including much of the judiciary, the electoral council and the supreme court. But under President Maduro, Venezuela's economy collapsed. Shortages of basic supplies became widespread, prompting more than 5 million people to leave.