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Thursday, March 23, 2017

Five Ways Venezuelan Businesses Are Coping with Crisis


Businesses and entrepreneurs in Venezuela are responding to the country’s crippling economic crisis in all sorts of ways. Many are simply closing their doors - not surprising in a country whose GDP shrank by at least 10 percent last year.   But others have reinvented themselves to survive in the country’s off-kilter economy, as new ways of making a living have arisen in response to the (previously non-existent) needs of a population under duress. Here are five ways that Venezuelan businesses and businesspeople have responded to the scarcity, loss of purchasing power and brain drain that crisis has wrought More…

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