Venezuela is a country of strategic importance for Latin America in general and South America and the Caribbean in particular. Along with Mexico is one of the largest oil producers in the region, but it is also part of the renewed ideological geography that has been gaining ground in the most unequal continent. A new geography that although it is not uniform and varies widely between countries can be grouped into the category of left, at least in the political source …show more content…
These center-right parties, were committed to respect democratic principles and operate a system of change of power with a representative from each of them for a time, similar to what is lived in Colombia during the 50s and 60s.
Venezuela was a country base on oil production, its main incomes where from here, and that has being part of their story from all the times, so When Latin America was plunged into recession and Oil price fell in 1978, the government drastically reduced its income and began a long period of crisis: the growth model economic development based on the natural advantages of the country …show more content…
During 1994 to 1999 Calderas was reelected, changing and rejecting all the past parties, creating a new one, but that didn’t feel good to the people, the lack of charismatic politics and leadership in the government prepare the terrain for Hugo Chavez Frias, that was in jail after a fail pusch in 1992, Calderas free him in 1994 when he assume charge in