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Essay on venezuela economic
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Food shortages, high inflation rates, protest, and violence: one sees these headlines in a Google search of Venezuela today. All around the country, there are long lines to buy simple necessities, like bread and milk. High inflation rates lead to shortages of food supplies, which increase frustration leading to protests in the streets and, sadly, an increase of violence. The protests and violence result from the inability of Venezuelans to provide the most basic human needs for their families. Sky-rocketing inflation rates in Venezuela are the result of Hugo Chavez, the former socialist and revolutionary leader of the country, and his administration. While in power, Chavez was so consumed with fixing the social issues in Venezuela, that other aspects of the country were ignored – like the economy. In 2014, Venezuela is left with a destroyed economy, angry people, and a government that is trying to fix the many issues the country currently faces; although the government is committed to finding solutions, the people of Venezuela do not feel the government is fixing the problems fast enough. Hugo Chavez was a powerful and positive force in addressing social issues, however, his singular focus on social issues at the expense of other matters of the country left the Venezuelan economy in tatters. In 1998, 50.4% of the Venezuelan population was living below the poverty line, where as in 2006 the numbers dropped to 36.3% (Chavez leaves). Although he aggressively confronted the issue of poverty in Venezuela, many other problems were worsened. Some Chavez critics say he used the state oil company like a piggy bank for projects: funding homes, and healthcare while neglecting oil infrastructure and production. Without growth in the oil ind... ... middle of paper ... ...an.com/world/2014/apr/04/venezuela-queues-food-ration-cards>. Martinez, Ibsen. "Chaos, Chavismo and Telenovelas." The New York Times. The New York Times, 8 Apr. 2014. Web. 26 May 2014. . "Real News/Wilpert Part 2: Why is Inflation So High in Venezuela?." Venezuela News, Views, and Analysis. N.p., n.d. Web. 26 May 2014. . "Venezuela." Central Intelligence Agency. Central Intelligence Agency, n.d. Web. 26 May 2014. . Voigt, Kevin, Simon Hooper, Maggie Lake, Paula Newton, and Jim Clancy. "Chavez leaves Venezuelan economy more equal, less stable." CNN. Cable News Network, 6 Mar. 2013. Web. 26 May 2014. .
...e live seem to be too dangerous for them to fell happy. However, they are against the evil and violence, ignorance and lie. Corchado is quite unsure about the future of Mexico, but he also sees that these people are strong willed and they have chance to make some change in the way they live. He doesn’t pay attention to politics, instead of that he relies solely on people, their courage and strong will. We should all be so strong enough to change, what we want to change, and preserve what we need to preserve. Alfredo Corchado showed us the example of how brave hearted a person should be and how much we should all love our motherland. After reading this book, you won’t remain ignorant about Mexico and the journalism in general.
Derby Lauren, The Dictator's Seduction: Gender and State Spectacle during the Trujillo Regime, Callaloo 23.3. Summer 2000, pp. 1112-1146.
Historically, Venezuela has been a considerably rich country. For instance, in the work of Cannon (2008), it is noted that Venezuela was among the richest countries in the world. All citizens experienced this richness because the population in late 18th Century and early 19th Century was considerably small. The country made an effort to buy slaves from Africa leading to over 100,000 slaves entering Venezuela. The population increased but these slaves were humiliated and stigmatized. As the population increased, the number of Venezuelans living in abject poverty increased rapidly. A large majority of income from oil and natural gas among other vast resources that Venezuela holds remained in the hands of a select few. By the end of the colonial rule, Venezuela had over 60 % of the population being Africans and an additional 25 % being from America (Cannon 2008, 735). Out of the 25 % Americans, an estimated 90 % were suspected to be of African descent. The per capita income has been historically high prior to 1992. However, Venezuela experienced a sharp decline in per capita income following the failed coup attempt by Hugo Chávez due to dwindling income to the populace. Cannon records that per capita income fell by almost half, from US $ 5192 to US $ 2858. On the other hand, human development index was noted to have fallen to 0.7046 from 0.8210 between 1990 and 1997. These challenges in economy led to Chávez’s election in 1998.
Economically speaking, Argentina was at the verge of collapse despite its initial strong stability seen at the beginning of Videla’s regime. Argentina adapted a neo-liberal economic system; in addition their initial policies of liberating trade and eliminating price controls were just some policies that would create huge economic problems for Argentina at the time. In order to make up for liberating domestic trade and eliminating price controls control had to be implemented to ensure that the regime had full control of the economic situation which was at stake as a result of the adoption of these polices. Wages in Argentina were lowered which resulted in “real wage well below historical levels” (Nogues). Although this was successful in reducing inflation at first this in time also cause inflation to rise relatively high. As a result of this high inflation that occurred as a result of this police, he Argentinian regime entered a panic and implemented other policies to try to amend this problem, policies that resulted contradictory since these polices hindered the success of one another. The reintroduction of price and exchange controls along with the already implemented wage controls all lead up to “inconsistent policy behavior” (Nogues).The inconsistencies in economic policies lead the Central Bank to classify “perceived capital inflows as being inflationary, and financial controls to be ineffective” (Nogues).
Torres, Hector Avalos. 2007. Conversations with Contemporary Chicana and Chicano Writers. U.S.: University of New Mexico press, 315-324.
Glusing, Jens. "Venezuela President Maduro Faces Economic Distress and Protests." SPIEGEL ONLINE. Der Spiegel, 26 Feb. 2014. Web. 28 Mar. 2014.
Hugo Chavez was the president of Venezuela, when he was president he advocated an end to corruption, increased spending on social programs, and redistribution of the country’s oil wealth. Just like Evo Morales, Hugo Chavez wanted to represent the people that had been looked over, discriminated against, and marginalized. Even though both men had a good majority support of their country there were still people that disapproved their presidency and advocated for them to step down. In Evo Morales case opposition was concentrated in the wealthy eastern lowland province of Santa Cruz, Bolivia's financial powerhouse. Regional leaders there drove a crusade for more noteworthy self-sufficiency, contending that Mr. Morales' socialist approaches were harming the economy. Some of the indigenous pioneers, earthy people and activists who helped put Evo Morales in government have censured him, contending that his strategies appear to support the rich, light-skinned
The challenge of Cuba’s developing economy is low productivity and labor force of the economy as a whole. The Miami Herald revealed that, “Granma and Yzquierdo indicated a list of reasons for Cuba’s economic inactivity, such as deferrals in projects to broken contracts and “the low productivity and deficiency of the workforce” along with the economic circumstances in Latin America in addition to the rest of the world”. Cuba’s GDP growth for first part of 2013 is assessed at 2.3 percent, compared to 2.1 percent similar time for 2012 Cuba practices a unique approach of calculating GDP that embellishes the number compared to other countries”. (Tamayo, 2013) Negative radical policies have remained in decline in its productivity of the developing economy, and the most significant challenge encountering established order is how to incentivize the market toward the increasing development in production and productivity. All goods and services make up an economy real Gross Domestic Product (GDP) is produced from labor and capital resources. The determinants of economic development are the accessibility of economic resources (quality of labor and capital) and productivity factors (human capital and technology). Cuba can be managed by encouraging sustainable consumption and production, managing the natural resources for the benefit of ecological and social expansion. Provide some form of urgency towards human development, with the eradication of poverty as its crucial objective. Human development success depends on the extent by utilizing the opportunities created through globalization, diminishing its negative effects. In addition, Cuba can b...
Currently the country facing: shortages, lines, inflation, and huge amounts of unemployment. The economy is just as much a disaster and the food lines are going to be just as long the day after the new government would take charge. The pressure is high and the protests have turned violent. The people are getting extremely angry and the government is getting extremely desperate to hold on. With protest of this maditue comes firing of tear-gas, firing of rubber bullets, severely beating protesters, and of course looting. The country is extremely divided. You’ve got a number of people who still believe in Hugo Chávez’s movement, similar to what we saw in our 2016 presidential election and you’ve got a large number of people who want someone different in charge, the Supreme Court was attacked and Maduro wants to establish
Venezuelans are extremely mad at the president because they don't have products in the supermarkets, also because they are suffering from hunger, because there is not enough products for them to buy. Another reason because they are angry is because they also have childs and they don't want to see them without eating. The low economy in Venezuela is the biggest issue that the country can face because is causing really bad problems between the police and the people who are mad at the president. As a result of the bad economy the venezuelans people are doing what they want. According to a reporter in the news he says, “Venezuelans had three days with no electricity and because of this the venezuelans people start to break the pharmacies and supermarkets to take the products” I think that Venezuelan government have to make a plan to make changes with others countries to improve the food crisis that the country is facing. Also the venezuelans are being really angry because they can’t face the food crisis. One reason because they are acting like that is because they also have childs and they don't want that the child's suffer from hunger. Adding to this venezuelans people have to do long lines to buy products in the supermarkets but they feel angry because there's no enough products and they don't know what is the products that they will find in the
Venezuela is a country located on the northern coast of South America. Venezuela is full with sightseeing locations, including the majestic highest waterfall of the world Angel Falls. Over more than four decades, Venezuela has lived in a full democracy until 1999. Hugo Rafael Chavez Frias was a former military officer who won the presidential elections. A Hugo political view was based on the Marxist. However, this was a trick to manipulate and take advantage of the Venezuelan people. This created a division between the supporters and opponents, because he disguised a communist regime as a socialist movement. Throughout his fourteen years, Hugo died in 2013 from cancer. With his death, this left the presidential office open for reelections.
The economic crisis and corruption within the government has cause this discomfort, but how much damage has this government caused discomfort done. In Pop Culture Latin America! Chapter three the author talks about how many movements that have been caused in the twentieth century were caused by two things, Dictatorship from 1960 to 1970, and neoliberal economic policies in the 1980's so Could today's riots be caused by the same things.This discomfort is caused by one thing, that before the Latin American countries spread their resources too widely and this has caused the crisis with the economy which has most likely cases some if not all of the discomfort with the government. Many of Venezuela's discomfort is from their president Nicolas Maduro who has shared much of the country's oil resources with other countries.This has caused many parts of the country to spiral down resulting in many citizens either having a lack of food or money. So most discomfort has to do with the economy, but how does this fit in with many of the riots? Many of Latin America's economic problems have led to the riots that either violently hurt or kill many people, but the reason that these riots happen is the same reason there is an economic crisis, the government. Many of the rioters have a disagreement with the government whether it be about a long-awaited issue or
The 2008 global financial crisis was widely considered the worst economic financial crisis since the 1930’s and the Great Depression. This crisis was a major problem for nation states across the globe and exposed the interdependence that can easily result in a systemic international banking and credit crisis. While the crisis is six years in the past, we are still plagued by many of the long-term effects of the crisis such as extraordinarily high unemployment, austerity measures that decreased government budgets as a method to ensure government solvency, rapidly increasing poverty, and worsening economic inequality, one ramification of all of this has been the growing social and political discontent across Spain.
Venezuela’s condition was worsened Carlos Andres Perez came to power in 1988. Unfortunately, he ended up leaving his original state-centered development model for unpopular neoliberal reforms that included privatization, trade liberalization, and deregulation. As transportation fares increased, Venezuelans mobilized to protest these new reforms. These protests were met with military violence and very little change in the new reforms. As a result of this, Venezuelans were left with a feeling of distrust and hostility towards these traditional parties and the old system, leading to increased support toward political independents and a new system of multiple polarized parties. Venezuelans were also looking for a positive change and very few
A government objective generally associated with devaluation is the improvement of a trade deficit. If a country’s imports are greater than their exports, devaluing their currency can help, as it reduces the “purchasing power of domestic money in terms of foreign goods and increases the purchasing power of foreign money in terms of domestic goods” (Johnson, 1971). This in effect means domestic goods (exports) become cheaper and imports become more expensive, resulting in an increase in the demand for exports, with a fall in imports, and hence improving the balance of payments. Being South America’s largest oil-producing nation, Venezuela receives most of its export income from this industry. It therefore comes as no surprise that devaluation is so attractive to their policy makers as increased demand for their oil exports would allow them to accumulate more domestic monetary resources. However, an implication of this policy has been the negative effect on the poor who spend the majority of their income on food and other basic necessities that are mainly imported goods. With inflation averaging between 20-30%, this has meant that fewer goods are...