With the world’s biggest oil reserves,
Venezuela has the potential for great prosperity. However, instead it has
recorded the largest decline in the Prosperity Index over the past decade. Venezuela
is not the only South American country to see losses in rankings across many
sub-indices, but it is unique in how far it has fallen in the Prosperity Index
since 2007. Venezuela ranks 121st of 149.With the death of Hugo Chavez only
occurring in 2013 after suffering years of what Foreign Policy referred to as
‘One of the worst cases of Dutch Disease in the world’, putting oil before any
other sector, the country has seen the biggest prosperity decline over the past
decade of any country in the Index. More…
No comments:
Post a Comment