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Venezuela - Economy


Venezuela
Economy of Venezuela
The Venezuelan economy is based primarily on the production and exploitation of petroleum. From the late 1940s to 1970 the country was the world’s largest petroleum exporter, and it was long one of the principal exporters of oil to the United States. Venezuela’s economy has relied on earnings from the petroleum sector to modernize and diversify other economic sectors; thus, “sembrando el petróleo” (“sowing the oil”) has been a national slogan since the 1940s. The development of rich deposits of iron ore, nickel, coal, and bauxite (the ore of aluminum), as well as hydroelectric power, further expanded the economy. ....

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Marijuana Boom: The Rise and Fall of Colombia's First Drug Paradise (Review)


January 13, 2021
The true story of José Guillermo “El Ñeñe” Hernández would have to be set to accordion music. Not some overproduced pop crossover, either. This would-be classic vallenato, live composition, an all-out
parranda, three maybe four days straight, on one of the coastal estates the cops raided, or perhaps one they still don’t know about. There would be prize women and prize cattle and enough contraband whiskey to capsize the
. Important men in woven hats and fine linen shirts would trade favors and bawdy jokes and shout the slurred lyrics to stanzas too dangerous to ever be recited in public. ....

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Disorder on the Border: Keeping the Peace between Colombia and Venezuela


What’s new? Crime and violence have simmered along the lengthy Colombian-Venezuelan frontier for decades. But the regional spillover of Venezuela’s political conflict and economic collapse has caused ties between the two states to fray as well, amid border closures, a migrant exodus and rival military exercises.
Why does it matter? Numerous armed groups clash with one another and harm citizens along a border marked by abundant coca crops and informal crossings. High bilateral tensions could spur escalating border hostilities while perpetuating the mistreatment of migrants and refugees whose movements have been restricted by COVID-19.
What should be done? Colombian and Venezuelan authorities should urgently establish communication channels to resolve violent incidents along the border, possibly with international backing. They should reopen formal border crossings as planned, but also increase humanitarian aid to help ensure that migrants and refugees are healthy ....

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