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Analysis: Economy

Will Venezuela’s Latest Exchange Rate Reforms Help?

The new reform is intended to halt the further devaluation of Venezuela's bolivar. (Archive)

VA's Ryan Mallett-Outtrim weighs the potential pros and cons of Venezuela's latest currency exchange reform, arguing that only a free floating exchange rate will save the country's crisis-ridden economy. 

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Venezuela: A Balance Sheet of 2016 and Perspectives for 2017

(archives)

The Bolivarian Revolution is at one of its lowest points since President Chávez’s electoral victory in 1998. In this article, Juan Manaure and Carlos E. Jaurena put forward a deeply critical review of the national government's actions in the economic and political spheres. 

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Venezuelan Fishermen to Benefit from Government Investment

A fisherman holds up a groper he caught off the coast of Catia La Mar. (Photo: teleSUR)

Fishermen hope strategic alliances will lead to increased fish exports.

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Venezuela’s National Dialogue: Disaggregating Key Issues

President Nicolas Maduro shakes hands with opposition leader Jesus Torrealba. (AVN)

Steve Ellner argues for the separation of the political and economic aspects of Venezuela's crisis in order to understand the country's current deadlock and possible paths forward.

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Javier Biardeau: A Balance of 2016

Central University of Venezuela sociologist Javier Biardeau. (Archive)

The opposition surge has failed, and it is essential that a Bolivarian surge re-emerges to retake the political initiative, argues Venezuelan sociologist Javier Biardeau. 

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A Slow CLAP for Buzzfeed for Getting Venezuela Wrong

(Screengrab)

Buzzfeed recently had a crack at drawing attention to Venezuela’s food scarcity problem. Unfortunately most of its claims were wildly off the mark. 

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Venezuela's Economic Crisis: Does It Mean That the Left Has Failed?

A woman shakes a bag of corn flour, shouting "Why is it so difficult for me to buy this?" as hundreds of people wait i

Unifying Venezuela's multiple exchange rates is not "neoliberal", argues Mark Weisbrot. It's the only solution to the country's deep crisis. 

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Despite Profit Motive, US Banks and Markets Squeezing Venezuela's Economy

In the latest measure to cut off Venezuelan from international finance, Citibank announced it would no longer issue Venezuelan b

Pablo Vivanco inquires if international banks are colluding with the US government to deny credit to Venezuela like in Chile under Allende.

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Steve Ellner Part II: Is the Bolivarian Revolution a Populist Failure?

Steve Ellner addresses a forum in 2014 on Chavismo in Caracas, Venezuela. (Archive)

Universidad de Oriente Professor Steve Ellner discusses a range of key issues in Venezuela, including the efficacy of state social programs such as the CLAPs, the Maduro government’s controversial Mining Arc, and the role of international solidarity. 

 

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Steve Ellner: Democratization of PSUV is Key to Chavismo’s Future

Professor Steve Ellner. (Ángel Dejesús)

Distinguished Venezuelan history and politics professor Steve Ellner examines the current state of Venezuela's Bolivarian Revolution at the crossroads of a deep economic crisis and an opposition-led presidential recall effort. 

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Critiquing Chavismo's Shortcomings: An Interview with Miguel Rodriguez Torres

Miguel Rodriguez Torres. (Archive)

The former interior minister and close Chávez confidant analyzes the trajectory of the Bolivarian Revolution, critiquing its errors and proposing solutions to the present crisis. 

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Default: A Self-Defense Measure

(Archive)

Defaulting on Venezuela’s massive foreign debt and devoting the resources to social spending is the only solution to the South American country’s economic crisis, argues Marea Socialista researcher Carlos Carcione.

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What Happens if Venezuela Doesn't Pay its Foreign Debt?

(Archive)

Venezuelan economist Victor Alvarez explores the roots of the country’s critical financial situation and the consequences of placing a moratorium on its external debt. 

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Chavismo Must Stop the Economic Bleeding

(Aporrea)

Emersberger argues that UNASUR’s detailed plan is the answer to Venezuela's economic woes.

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Special Report: Hunger in Venezuela? A Look Beyond the Spin

Local and national vendors sell vegetables, fruits and prepared foods at a festival in Caracas. (Christina Schiavoni)

Cristina Schiavoni and William Camacaro go in-depth to report on Venezuela and the state of its food and agricultural system.

 

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