Thursday, July 20, 2017

The Ethiopization of Venezuela


For many years #Venezuela was a leading country in South America. As an example, we can mention that in 1980 it exported more than $19 billion. That is about 20% more than Argentina, Colombia, and Peru together. It had one of the highest per capita incomes, a great volume of car sales and many Colombians and Peruvians moved there in search of a better life. But times have changed, Colombia sold abroad about 30% more than Venezuela last year. Neoliberal Peru exported 50% more than the Land of Hugo Chavez. Venezuela is no longer a great exporter and its foreign trade is shrinking although the country has a lot of oil. More…

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