Skip to Navigation

Analysis: Economy

The Professor & The President: Who’s the Bully?

Ricardo Hausmann (prodavinci.com)

Suren reviews the inflammatory Sep 5th opinion piece by Harvard economist Ricardo Hausmann, titled Should Venezuela Default? The article caused interest rates on Venezuelan bonds to temporarily soar as investors balked at Hausmann’s calculated commentary regarding the nation he once served as planning minister, during Venezuela's era of neoliberal reign known as the 4th Republic.

» read more

Venezuela, Country of Overwhelming Riches and Intense Contrast

Smuggling toilet paper across the Simon Bolivar bridge, between Venezuela and Colombia. (Ramón Lepage / Orinoquiaphoto)

Quechua anthropologist Ollantay Itzamná writes of his crossing from Baranquilla, Colombia to Venezuela. After choosing not to heed the colorful warnings of famine and crime parroted by Colombian taxi drivers, Itzamná finds as he draws closer to the border that he is just one foreigner among hundreds of Colombians who cross over daily to fill their bags with low-priced goods.

» read more

Why Venezuela Should Not Default

(archive)

In a provocative article published last week Venezuelan economists Ricardo Hausmann and Miguel Angel Santos make an argument that if authorities adopted a set of common-sense policies, they argue, these would include defaulting on the country’s foreign debt and making bondholders bear part of the burden of adjustment. Francisco Rodríguez  argues that Venezuela should not default on its debt because default Venezuela is not insolvent.

» read more

Briefcase Companies and Phantom Importers

Luis Britto Garcia (courtesy)

Venezuelan writer Luis Britto Garcia argues that even before we critique the misuse of dollars by Venezuela’s flourishing phantom companies, we must look at what legitimate transnationals are allotted the most dollars through the government subsidy, and what their offered services say about the government’s priorities.

» read more

Venezuelan Voices, Part II: An Inflammatory Question

A PDVSA [state] truck transporting gasoline in Caracas (AVN)

As Venezuelan president Nicolas Maduro combats corruption, reassigns half of ministry positions, launches “a new stage of the revolution,” and even hints at a minimum wage increase for November, the question remains what economic steps will be taken to reverse the high inflation that critics are quick to associate with his leadership.

» read more

Venezuelans Protest Big Business for their Role in the Economic War

Cory Fischer-Hoffman/Venezuelanalysis

Amidst the ongoing “economic war” in Venezuela, 200 people from various political collectives marched to Fedecamaras headquarters to place a spotlight on how the largest business confederation may be contributing to scarcity, inflation and speculation in Venezuela. 

» read more

“A Daunting Situation”: Doctor Zaira Medina Speaks about Venezuela’s Medicine Shortages

Medina (left) (Correo del Orinoco)

In an interview with the radio program “Ajicero” last Friday, Zaira Medina, a doctor and the director of the Pérez de León Hospital in Petare, Caracas, speaks with Carlos Novella and Miguel Denis about current shortages of drugs and medical supplies in Venezuela.

» read more

Snapshot from the Economic War in Venezuela

Johnny Moreno (left) teaching a Mision Robinson [literacy] class in 2004, in El Valle, Caracas. (Sujatha Fernandes)

Sujatha tells the dark understory of the economic war in Venezuela- the human side of the struggle against corruption that can hardly be expressed through graphs and charts.

» read more

Venezuelan Voices, Part I: An Economic Spiral

On the border between Brazil and Venezuela, if you don't want to wait on the long gas station lines, you can fill up your t

As international media plays its favorite old game of lambasting the Venezuelan government, long-time observers of the Bolivarian process may be wondering how much truth lies in the prime-time reports depicting empty shelves, long lines and charts showing catastrophic inflation. How precarious is Venezuela’s current economy and, more importantly, how much are the effects of this felt by the Venezuelan people?

» read more

“15 Years Is Not Enough to Undertake a Revolution”: Interview with Venezuelan UNASUR Secretary Alí Rodríguez Araque

Ali Rodriguz Araque (archive)

Opposition-leaning Venezuelan newspaper El Universal interviewed Ali Rodriguez Araque recently, the current president of UNASUR, a top minister in the Chavez administration, and the next Venezuelan ambassador to Cuba. Rodriguez shares his thoughts on economic issues and the key future tasks of the Bolivarian project.

» read more

Planned Reforms May Determine Survival of Venezuela’s Bolivarian Project

Venezuelan president Nicolas Maduro has proposed a series of major reforms to the economy, state and party in the hope of settin

The administration of President Nicolas Maduro faces a set of adverse conditions which have the potential to turn a majority of the country’s citizens against the incumbent government at the next election. In this context, there is perhaps more riding on economic and state reforms currently being designed than first meets the eye.

» read more

How to Fix Venezuela’s Troubled Exchange Rate

Earlier this month, the government announced that it would try to resolve these imbalances by creating a single, unified exchang

Most people think that the Venezuelan economy is a basket case on the verge of collapse, and that has been a widespread belief for most of the last decade. But the South American nation has only run into serious trouble in the past two years.

» read more

Bolivarian Revolution Economic Policies at a Crossroads - Capitalism Cannot be Regulated

(archive)

Jorge Martin offers his analysis of the debate underway within Chavismo over the Bolivarian government’s economic policies.

» read more

Chavista Debate More than Pragmatists vs Radicals

(Jorge Giordani / archive)

Federico Fuentes examines the debate underway within Chavismo over the Bolivarian project’s economic direction following the public criticisms of the Maduro administration’s policies made by former planning minister Jorge Giordani.

» read more

Venezuelan Central Bank Director Eudomar Tovar on Hedge Funds and Latin American Sovereignty

Eudomar Tovar (AVN/ Archive)

In this interview,the director of Venezuela's Central Bank discusses Argentina's "vulture fund" dispute. Tovar also outlines the latest efforts at creating an alternative finanancial architecture for Latin America, such as the Bank of the South and the Sucre currency.

» read more

Syndicate content