Venezuela

The Venezuelan Economic Crisis and Oil

The Venezuelan Economic Crisis and Oil

By Daniel S. Leon, PhD Candidate at the University of Leipzig, Germany
Location Germany Germany

Venezuelan economic woes that affect the general population will continue to worsen, even if oil prices rise again. Venezuela has been mentioned in the last few months repeatedly because of the precarious state of its economy. It entered recession as of last year after GDP growth during the first three quarters contracted by more than two percentage points in each term. The Venezuelan inflation rate for 2014 was the world’s highest, 63.6 percent as reported […]

Fear and Loathing in Caracas

Fear and Loathing in Caracas

By Charles Larratt-Smith, PhD Student in Political Science at University of Toronto
Location Canada Canada

In Caracas, Venezuelan President Nicolas Maduro has continued pursuing Hugo Chavez’s policy program and confrontational management style. Despite the hopes that the Venezuelan polity would become less polarized and more pluralist in the wake of late President Hugo Chavez’s death on March 5, the facts on the ground have subsequently proven otherwise in the first six months following the executive succession. If anything, Venezuela under Nicolas Maduro has witnessed an escalation of commitment to the […]

October 13, 2013 · 1 comment · Economics, Latin America, Venezuela
Post Chavez: Venezuela’s Shrinking Public Space

Post Chavez: Venezuela’s Shrinking Public Space

By Charles Larratt-Smith, PhD Student in Political Science at University of Toronto
Location Canada Canada

Upon taking office in April, few expected Venezuelan President Nicolas Maduro to deviate from the late Hugo Chavez. Predictably, the former bus-driver has stuck to his predecessor’s script with little exception. The overt vilification of global capitalism and the domestic private sector continue unabated in the face of increased shortages in basic foodstuffs and consumer items. Public spending has remained high despite troublesome economic indicators, and the new Venezuelan executive has wasted precious time in […]

June 24, 2013 · 1 comment · Latin America, Politics, Venezuela
The Populist Socialist: Hugo Chávez and his Legacy

The Populist Socialist: Hugo Chávez and his Legacy

By Binoy Kampmark, Lecturer at RMIT University, Melbourne
Location Australia Australia

Chavismo might have stuttered, but it hasn’t had its day. “From the river Plate to the mouths of the Orinoco River, Latin America is no longer somebody else’s backyard.” Oscar Guardiola-Rivera, The Guardian, Mar 5, 2013. The Economist, while not always kind to Hugo Chávez, got it right when it described the late Venezuelan leader as seemingly “indestructible,” with a figure like a tank, traveling incessantly, and holding those famous live television shows on Aló, […]