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Explain how unemployment has reached 44 percent. How has the current leadership within Venezuela added to the economic fallout?

  • Identify your topic – Economic Indicators and Infrastructure of Venezuela and its relation to the current crisis.
  • Explain why your topic is of interest and significance to you and to the field:
  • Identify specific questions you wish to answer.
  1. Explain Background, history, and current economy within Venezuela.
  2. How did Venezuela go from being the wealthiest country in South America to one of the largest failures in modern day economic history.
  3. Explain why Venezuela has the world’s largest proven oil reserves, but its production is less now than it was in the 1970s.
  4. Explain how unemployment has reached 44 percent.
  5. How has the current leadership within Venezuela added to the economic fallout?
  6. Is the current Western/Non-Western involvement directly correlated to the current crisis?
  7. What does the future of Venezuela look like?
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