Venezuela's Economy Research Paper

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Venezuela’s Economy

Do you know that Venezuela could be one of the richest countries in the world? Venezuela is one of the countries that has one of the most profitable products in the whole world. Venezuela depends most in the price of oil to keep their economy afloat because it is one of the products that makes countries economies high. Surprisingly economy in Venezuela is really terrible because there’s not globalization. The are too many problems going on there: some of these problems are affecting the majority of venezuelans because there is not education for everyone, the children are forced to work, there is a food crisis and the oil prices are really low. My solution to fix Venezuela’s economy is that the government have to create …show more content…

Also the government should eliminate dysfunctional prices
To help the economy, and finally they should let others countries help them, meaning that they should have more relationships with more countries.

One of the biggest problems that Venezuela is facing is child labor conditions. Children in Venezuela like in others countries in the whole world are being forced to work in really deficient conditions. From 10-14 years old boy and girls have to work in places that are really dangerous, they don't have the opportunity to live their childhood because they are engaged in the worst form of child labor. A 61.1% of children in Venezuela are being forced to work in domestic services, a 2.6% have to work in commercial sexual exploitation, and a 28.3% of the children are being forced in dangerous agriculture activities. As a result of this 15,000 childrens are living in the streets, many of them cannot have an education and live with their families. Other will have to work and stay out of their homes. According to the United States Department of Child Labor illustrated, “Children in Venezuela are engaged in the worst forms of child labor, including in dangerous activities in agriculture. Children between 3 to 6 years …show more content…

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

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