When it comes to economic policy, the ideas of the public can matter a lot. Elected governments have to worry about being re-elected, and this is certainly the case in Venezuela, where the electorate is polarized and the last presidential election was close.
Dada Maheshvarananda presents how cooperatives are a strong force of community empowerment that are transforming people's values from being self-centered to actively working for the common good in Venezuela.
In a television address yesterday evening, Venezuelan president Nicolas Maduro indicated that a $4 billion loan from China would be added to the country’s international reserves. Meanwhile, as oil prices to continue to slide and with eight days to go to the next OPEC meeting, Venezuela has signed a major deal with the largest exporting non-OPEC member, Russia.
Yesterday evening, Venezuelan president Nicolas Maduro passed 28 laws by means of the enabling law, which permits executive action without Parliament approval. The bills, 16 of which were revealed in Tuesday’s promulgation ceremony, make up a comprehensive economic reform directed at industry, agriculture, tourism and tax revenue.
Venezuela’s largest pro-government trade union federation will today hand President Nicolas Maduro a series of proposals for the greater industrialisation of the economy and strategies to overcome current economic difficulties.
By Cory Fischer-Hoffman - Venezuelanalysis.com, Nov 15th 2014
Cory Fischer Hoffman looks at the pressures facing the Venezuelan economy and the questions raised by the decision of President Nicolas Maduro’s government not to adjust (devalue) the country’s exchange rate in the near future.
President Maduro passed five new laws yesterday in an attempt to create a stronger social safety net in the face of ongoing economic difficulty within Venezuela. The five laws, encouraging employment, creating greater guarantees in existing social programs, strengthening the power of communal councils and community financing, and increasing the rate of food subsidies, were all passed via the Enabling Law, which allows the President limited lawmaking for a temporary period.
During a visit to Brasilia yesterday, Ernesto Samper, general secretary of Unasur (Union of South American Nations), bid the Venezuelan government settle internal matters and stimulate economic growth, in the interest of regional progress.