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Venezuela

Individual Project
“Venezuela”

Over the past ten years Venezuela has lived historical moments that have affected its economical development tremendously. Most likely what altered the “traditional” ways of governing the country has been the past election of President Hugo Chavez Frias in 1999. The results of the analysis, based on the degree of instability Venezuela could face in the near future, have been mainly focused on the direct effect Chavez has had on the economical, political and social reforms applied.

ECONOMICAL RISK
Falling GDP per person: 7/8
By the end of 2002 the Venezuelan economy reported a contraction in its GDP of 8.9 % with a purchasing power parity of $5,500. This is a drastic change compared to the 2.8 % growth in GDP reported in 2001, even though in 1999 it showed signs of a strong recession with its economy falling 7.2 %. The main events that occurred in the past year that had a significant effect on the fall of the economy we...

Posted by: Jennifer Valles

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