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Venezuela’s Collapse Brings ‘Savage Suffering’

Wall Street Journal Original article ›

Keywords:


Faces in Venezuela with the soaring inflation and shortages in 2015-2016

12/12/2015

Grouped Articles

The special, weird misery of being a shopper in Venezuela - The Washington Post

Washington Post 12/12/2015

A revitalized voice for the Americas - The Washington Post

Washington Post 01/25/2016

Venezuela’s Collapse Brings ‘Savage Suffering’

Wall Street Journal 02/15/2016

Venezuela Issues New Bank Notes Because of Hyperinflation

The New York Times 01/17/2017

How Does Populism Turn Authoritarian? Venezuela Is a Case in Point

The New York Times 04/01/2017

Venezuela’s Opposition Sets General Strike

WSJ 07/17/2017

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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