In the past two years things have gone from bad to worse in what may soon be the previous country of Venezuela. In fact, a photographer for Time magazine has said, “Venezuela has become hell.” Indeed, Venezuela has seemed close to hellish in recent memory. With murder rates in its cities reaching a worldwide high…
Sinking oil prices, produce shortages and harmful hospitals, does their government play a role? In the early 2000s, Venezuela used to prosper in their economy with their rich oil production, one that boasts for their largest oil reserves in the world. Their former president, Hugo Chávez, who controlled this wealth, was able to use it…
Country faces worst fiscal issues ever; limited access to food impacts citizens The Venezuelan economy is the product of a country that relies heavily on imported goods, enforces a numerous amount of social welfare programs and funds all of this from a single export. The economic crisis, in which Venezuela currently finds itself, is what…