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Venezuela Pays Price for Smuggling

Wall Street Journal Original article ›

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How smuggling of subsidized oil and other products affects the border regions with Colombia and the economy of Venezuela

04/12/2013

The high cost of subsidized oil and other products smuggled to Colombia for the Venezuelan economy. The sharply devaluing Venezuelan bolivar currency makes things worse.

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Venezuela Pays Price for Smuggling

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Venezuela's Auto Industry in a Free Fall

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Venezuela Mulls Subsidies Cuts

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Almost-Free Gas Comes at a High Cost

Wall Street Journal 04/12/2013

Argentina and Venezuela in the emerging markets crisis of 2014- depreciating currency and high inflation

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Inflation Fuels Crises in Two Latin Nations

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Dispute Leads Argentina to Revise Index

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Argentines Fret Over Price Uncertainty

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Argentina Peso Firms After Government Limits Banks' Foreign Currency Holdings

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Argentina's Campaign Against Inflation Gets Personal

Wall Street Journal 02/08/2014

Amar Bhidé: In Praise of the Beleaguered Euro

Wall Street Journal 05/07/2012

Venezuela's currency, the Bolivar, and devaluation

12/31/2010

Grouped Articles

Almost-Free Gas Comes at a High Cost

Wall Street Journal 04/12/2013

Ford Expects Major Venezuelan Devaluation in 2014

Wall Street Journal 12/18/2013

Venezuela Shuffles Economic Team

Wall Street Journal 01/17/2014

Venezuela May Meet New Reality, and New Price, at the Pump

New York Times 01/20/2014

Venezuela Pays Price for Smuggling

Wall Street Journal 06/09/2014

Venezuela's Currency Hits New Low

Wall Street Journal 09/29/2014

Venezuela's youth and the Chavez years- looking for alternatives and links to the global economy

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Grouped Articles

Venezuelan youth could decide if Chavez remains in power - The Washington Post

Washington Post 10/01/2012

Venezuela: A Call for Peace

New York Times 04/01/2014

Venezuelan Leader and Opposition Meet in Bid to Ease Tensions

New York Times 04/10/2014

Venezuela Pays Price for Smuggling

Wall Street Journal 06/09/2014

Venezuela's Auto Industry in a Free Fall

Wall Street Journal 07/22/2014

In Chávez, Maduro Trusts, Maybe to His Detriment and Venezuela’s

New York Times 03/09/2015

The failure of social spending supported by oil to improve economic conditions and the standard of living- the case of Venezuela and Iran

06/09/2014

A critical factor in this situation is the failure to integrate into the world economy. Under these conditions for Iran sanctions for a nuclear program and support for Syria's regime creates a sort of "pariah" status, and for Venezuela the rhetoric and state control have led to a similar situation. Because technological inputs and foreign capital and knowhow are critical for development, policies of this kind can do long term damage to the economy and reduce standards of living. Both countries have failed to invest in basic refining capacity. At the other side is Nigeria which has also failed to invest in refining capacity. In Nigeria rampant corruption eats away at the core. All three countries are oil producing countries with crumbling infrastructure and failure of the state to provide the right direction to stimulate growth.

Grouped Articles

Venezuela Pays Price for Smuggling

Wall Street Journal 06/09/2014

Oil, Auto Companies Make Plans to Invest in Iran if Sanctions Ease

Wall Street Journal 07/02/2014

Venezuela's Auto Industry in a Free Fall

Wall Street Journal 07/22/2014

Fall in Oil Prices Poses a Problem for Russia, Iraq and Others

New York Times 10/15/2014

Iran poised to choose poverty over nuclear disarmament - The Washington Post

Washington Post 11/01/2014

Fall in Oil Prices Threatens Africa’s Economic Growth

Wall Street Journal 12/12/2014


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