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Venezuela and the Us

In: Social Issues

Submitted By serf021
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to the oil industry in Venezuela, which competes with Saudi Arabia in claiming the biggest oil reserves in the world. Capriles says that is he wins, "We have to revise every deal. I think they are agreements that are not functioning...How have relations with Iran and Belarus benefited Venezuela? We are interested in countries that have democracies, that respect human rights, that we have an affinity with. What affinity do we have with Iran?" However, this is possible option, one that as the days pass appears to become less and less probable. For now it looks like Chavez’s chosen successor will take the role as Venezuelans leader. Maduro won 50.6% of the vote, while opposition candidate Henrique Capriles Radonski obtained 49.07% of the vote. If Maduro ends up becoming president, Maduro begins his presidency in a very difficult economic crisis. The economy has a very slow economic growth, high inflation dollar and goods shortages, stagnant oil production, which are a mess. With this he will struggle to recover popularity. furthermore, economic policy and political stability will likely suffer. He will be under pressure to reverse social discontent, which means he is unlikely to make needed economic adjustments. This means that foreign exchange and price controls will likely be the same, and demands on state-run oil company PDVSA will remain high, eliminating investment capacity. Moreover, he will have trouble in his ability to put on different policies, as he will need to prove his revolutionary attributes in order to legitimize his role (being a former bus driver). He will likely extend his support base by finding common enemies. This means he will probably have to take some tough actions, especially towards the private sector. Without much charisma or political knowledge Maduros campaign has focused primarily on idolizing Chaves. His Campaign has claimed, “He…...

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