Most observers cite anti-democratic governance, corruption, and mismanagement of the economy as causes of the crisis. Others attribute the crisis to the "socialist", "populist", or "hyper-populist" nature of the government's policies, and the use of these policies to maintain political power.
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Millions of Venezuelans left the country to escape economic hardship and political repression. Amid growing discontent, Mr Maduro was re-elected in 2018 in a ...
Dec 22, 2023 · In mid-2014, global oil prices tumbled and Venezuela's economy went into free fall. As unrest brewed, Maduro consolidated power through ...
Sep 21, 2023 · Years of hyperinflation, rampant corruption, economic mismanagement, and a lack of economic diversification have taken a heavy toll on Venezuela ...
How Sanctions Contributed to Venezuela's Economic Collapse
korbel.du.edu › news-events › all-articles
Jan 13, 2023 · The trigger of the contraction was that Venezuela was left without foreign currency to pay for the imports that fuel its economy. Similar import ...
May 9, 2019 · Overspending, lower oil prices and political unrest all combined to trigger a decline for the once-prosperous nation. By: Patrick J. Kiger.
Jul 5, 2021 · Venezuela had failed to build an economy or social infrastructure that could survive without oil money and so the country began to collapse. As ...
Apr 28, 2023 · The absurd hyperinflation of the Venezuelan currency has made the economy fall into a crisis, and the government has failed to make it any ...
Harvard expert tries to make sense of Venezuela's collapse
news.harvard.edu › story › 2019/02 › ha...
Feb 12, 2019 · When the markets decided that Venezuela's debt was too big, they stopped lending, and the price of oil collapsed. That explains why the shortage ...
Apr 17, 2024 · Nearly 8 million Venezuelans have fled the country since 2014 because of political strife, human rights abuses and lack of economic ...