Posts tagged Latin American Economics
All that Glitters is Not Gold: An Examination of the Resource Curse’s role in the Political Status Quo of Venezuela

Nicolas Maduro securing a third presidential term signals a continuation of the current stagnant status quo. The inability to address inflation as well as mass unemployment and exodus of citizens would lead most other leaders to political ruin, however the revenue from state owned petroleum companies is keeping the regime viable. Venezuela and its people are the victim of the resource curse and its decades-long effects on the nation’s institutional, economic, and political stability.

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