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Tuesday, February 28, 2017

Venezuela’s major crises will continue in 2017.

Venezuela’s major crises will continue in 2017. These include ongoing economic instability, over-reliance on the price of oil, shortages of food and electricity and increasing inequality. At the core is a history of political interference in the functions of economic and government and institutions. Since Nicolás Maduro became President in 2013 following the death of socialist leader Hugo Chávez, Venezuela’s dependence on oil exports has brought its economy to the brink of bankruptcy. Almost 95% of government revenue comes from oil exports. More…


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