Venezuela Essay - 800 Words

Once possessing the potential to become a powerful state, the Venezuela state’s capacity today is very low. According to Thomas Carothers, transitional countries are in a transition zone between authoritarianism and democracies. That is, democratic characteristics are present, but they are not being put into practice effectively. Venezuela is clearly a hybrid regime with authoritarian characteristics and a few features that are called democratic. Because of this, Venezuela suffers from extremely high crime rates and violence, unlawful intervention by the national guard, and impunity of the drug trade. The Venezuelan NGO Observatory of Violence (OVV) listed Caracas as the most violent city in the world in 2016, and Venezuela as the second†¦show more content†¦The roots of clientelism in Venezuela date back to the discovery of oil in Venezuelan land at the outset of the 20th century which marked the beginning of â€Å"rentist [rentier] capitalism.† Pertaining to Venezuela specifically, this practice relies on redistributive social policies and programs facilitated by the huge income and wealth from the exploitation and export of oil. In fact, rentist capitalism can be considered a modern form of â€Å"caudillismo.† It is an asymmetric form of power relations where the â€Å"clients† give their votes to political parties in exchange for â€Å"favours.† Another form of Venezuelan clientelism includes the aforementioned missions. What is more, the funding for these missions is derived from the profits generated by PDVSA, the Venezuelan state-owned oil and natural gas company. National socioeconomic development is one of the most pressing issues in Venezuela today. As reported by the World Bank, there are many factors to consider in order to explain this stagnation: The collapse in international oil prices and ineffective macro and microeconomic policies has lead to Venezuela’s reliance on the hydrocarbon sector (oil now accounts of 96 per cent of exports). Venezuela also faces major stagflation. Price controls, limitations on access to foreign currency, and the collapse of the private sector in the provision of basic goods have led to one of the world’s highest inflation rates. As aShow MoreRelatedVenezuela Oil Essay923 Words   |  4 Pagesextremely thick and must be mixed with lighter oil to make it less heavy and, thus, easier to export. In order to transport oil, Venezuela must purchase massive boats. Many of these boats in Venezuela are purchased from Russia and Iran. They also have purchased shipyards from Portugal to house these boats. Many of these supplies for oil export are purchased with loans, thus Venezuela is massively indebted to these countries. PDVSA has even reported that it missed a $404-million dollar payment to Russia inRead MoreEssay on Child Labor in Venezuela1505 Words   |  7 PagesBolivian Republic of Venezuela is a county in South America. It was one of the countries that emerged from collapse of Gran Colombia in 1830 (Baguley and Winter 15). Hugo Chavez is the president since 1999. He was democratically elected president in 1998, after the approval of the new constitution in 1999, which is the highest law of the land (Baguley and Winter 12). Venezuela is subdivided into 23 states, a Capital District correspondent in the city of Caracas, and the Federal Dependencies (BaguleyRead MoreHugo Chavez and Venezuela Essay1210 Words   |  5 PagesVenezuela’s political prospects changed in 1999 when Hugo Chavez became president. Starting his presidency, Chavez created a new constitution for Venezuela, and the country’s name was changed to the Bolivarian Republic of Venezuela. Since then, the country had a total change as it underwent a system of socialism, as the oil company and many other private businesses were nationalized. In this socialist system, revenues generated from the oil industry were invested in social programs to helpRead MoreEssay on Child Labor in Venezuela1008 Words   |  5 PagesBolivian Republic of Venezuela is a country in South America. It was one of the countries that emerged from collapse of Gran Colombia in 1830 (Source B). Hugo Chavez is the president since 1999. He was democratically elected president in 1998, after the approval of the new constitution in 1999, which is the highest law of the land. Venezuela is subdivided into 23 states, a Capital District correspondent in the city of Caracas, and the Federal Dependencies. The country is also divided into ten administrativeRead MoreEssay on The Rise of Simà ³n Bolà ­var to Power in Venezuela546 Words   |  3 PagesJuly 24, 1783 in Caracas, Venezuela. He was born into a wealthy family, who took their money from rich gold and copper mines they owned in Venezuela. At the age of three Simà ³n Bolà ­vars father died, then six years later his mother died. After the death of his parents, he mov ed to Spain in 1799 where he continued his education and married a daughter of a nobleman, Marà ­a Teresa Rodrà ­guez del Toro y Alaysa in 1803, who later died of yellow fever during a visit to Venezuela. When Joseph Bonaparte wasRead MoreWhat’s Venezuela Crisis Really About? Essay984 Words   |  4 PagesVenezuela is a country located on the northern coast of South America, bordering the Caribbean Sea, Brazil and Colombia. Venezuela is a country full of beauties and contrasts where people can find beautiful beaches, plains, mountains, and even the majestic highest waterfall of the world (Angel Falls). Also, oil rich nation, one of the upper 10 exporting countries worldwide. During more than four decades, this country lived in full democracy until 1999, when a former military officer, who was involvedRead More The Role of President Hugo Chavez in Venezuela Essays4884 Words   |  20 PagesThe Role of President Hugo Chavez in Venezuela Introduction Venezuela is a late bloomer in regard to having complete independence and in terms of running its own democratic government. Right now, the Venezuelan people are in the midst of the same debate that has historically plagued countries all over the world; the country is torn between class lines and is another classic example of the haves versus the have-nots. Caracas is the capital and the Andes region is home to two-thirds of theRead MoreEssay about Hugo Chavez and the Death of Democracy in Venezuela2365 Words   |  10 Pages Venezuela, located in the Latin American region, is a country that has been characterized by its abundance of oil reserve. A natural resource that has shaped the history and development of the country, affecting its economic, social and most important is political spheres. For many years Venezuela was controlled by authoritarian regimes. The country, being very important in the sense of geo-politics due to its abundance of oil, has been a key player in the i nternational arena and most importantRead MoreVenezuelas Views On Venezuela1128 Words   |  5 PagesOne choice is Venezuela, Venezuela appear to be a county that is filled with people who hold storing and are proud of their county and their heritage. This essay on Venezuela will be inclusive of, customs, taboos, superstitions, values, language, education, religion, traditions, holidays, and ways of celebrate LOCATION, SIZE, AND EXTENT Venezuela, located on the northern coast of South America. â€Å"Venezuela is slightly more than twice the size of the state of California. â€Å"Venezuela claims more thanRead MoreEssay on Chavez: Weakening Democracy1567 Words   |  7 Pagesdemocracy is government by the people also is a government in which supreme power is invested by the people and it is exercised by the people directly or indirectly through a representational system in which periodically held free elections. Venezuela as well as other countries in Latin America has undergone constant changes in their democracy, produced by their rulers. The primary function of the government is to ensure the safety of the state, its territory and its inhabitants. Also their objective