Venezuela, located in South America bordering Columbia,
Guyana and Brazil, is in a deep economic crisis, predominantly caused by the
decreasing oil prices. The Venezuelan president, Nicholas Maduro, who has been
in power since 2013 has increased the role of the state in the economy through
the removal of enterprises as well as the stringent controls on currency
exchange, leading to a decline in investment and productivity in the private
sector. This has also lead to difficulties experienced by counties looking to
trade with Venezuela. Importers have been struggling to acquire sufficient
dollars to buy the goods needed to uphold their operations. More…
No comments:
Post a Comment