The economy of Venezuela is surprising well for a South American country. Typically‚ when you think of the economies of South American countries you think that they are poor and dismal with high unemployment rates and squander. However‚ Venezuela has an upper middleclass economy due to the oil production of the country. In fact‚ oil revenues account for approximately ninety-five percent of export revenue for the entire country. Oil is also twelve percent of Venezuela’s gross domestic product‚ or
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Did you know that name Venezuela is from the italian name “Venezuelio” which means “pinnola venizio” and that translates to “Venice”. Have you ever wanted to travel to another country? Venezuela perhaps? Venezuela is a interesting and beautiful place to visit and live. The culture‚ weather‚ animals and people of Venezuela are like nothing else in the world. The land in Venezuela is very beautiful yet majestic and mysterious. It has a lot of different landforms. It has things ranging from volcanoes
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year long with only two seasons‚ hot and wet season. Venezuela is named from an Italian word Veneziola‚ is means little Venice. Venezuela also has the largest lake in South America and one of the oldest‚Lake Maracaibo is 20-40 million years old. Venezuela also has the largest waterfall‚ Angel falls with a height of 3‚212 feet. The beautiful orchids are the nation’s flower and there tree is the araguaney tree. Weather The weather in Venezuela is usually around 72°F. It has summer all year round
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Venezuela is a tropical caribbean counrty on the northern coast of South America. It contains 23 states‚ which are then split into ten regions. Venezuela was first sighted by Christopher Columbus who named it after "Little Italy" since it reminded him of the waterfront in Italy. Its official language is spanish‚ and its population of 25‚375‚281 people consist of Spanish ‚ Italian ‚ Portuguese ‚ Arab ‚ German ‚ African ‚ indigenous people. This beautiful country is well traveled and toured by many
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Venezuela is a nation emerging from the corruption of two century’s plagued by greedy military dictator and bloody revolutions that left hundreds of thousands dead. During the 21st century Venezuela eventually became a democratic nation when its first democratically elected president‚ Rómulo Gallegos‚ in which he ruled until 1947. The last of the military coups put him out of office and landed Perez Jimenez‚ the corrupt power monger only worsened the corruption within the already struggling nation
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prices and lowering of currency value. Venezuela is currently experiencing inflation. Inflation‚ which was caused by failure of socialism‚ is making the people protest because of higher prices and lower currency value. Venezuela is in a state of heavy inflation. In February‚ inflation rose to fifty-seven percent (Minaya).Problems with the exchange rate and too much aggregate demand are some of the major causes of inflation (Jay). The inflation rate in Venezuela in 2012 was just ten percent‚ but began
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country I chose to do is the culture of Venezuela. Venezuela is very similar to the rest of the Latin American countries but has exceptional characteristics when it comes to the dimensions that Hofstede describes. The dimensions of culture that will be discussed fall into the four common ones: collectivism‚ power distance‚ masculinity and low uncertainty avoidance. Venezuela is a unique country with many different ideas that relate to their culture. Venezuela falls into the collectivism category.
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assigned are Brazil and Venezuela‚ and it is your task to make the recommendation between these two countries. Assess the various risks in each of these countries. Which country would you recommend and why? Explain your answer with a well-constructed and cogent response. As a CEO looking to invest in Brazil or Venezuela I would look closely at the past‚ current‚ and future economic forecasts for each nation. At a glance‚ Brazil looks like what could be a burgeoning economy based in a nation with
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In the discussion today will go into the details that that form up Venezuela we will go into detail about the Characteristics‚ Political‚ Social and Military. We will talk about the infrastructure of Venezuela. We will go into detail about the variables in this essay. Venezuela was part of Gran Colombia until its collapse in 1930 (other were Ecuador and New Granada which became Colombia). For the first half of the 20th century‚ was rule mainly by the military‚ and different groups‚ they were the
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better than the other. Which is better for individuals? Which is better for people as a whole‚ or as a country? Many countries have had different results. Some countries have had socialism and failed miserably. Yugoslavia or a more recent example‚ Venezuela have shown that socialism does not work for the most part. Countries such as China‚ or ourselves have shown that capitalism or a “free market” system works...right? Truth is‚ it is highly debatable. After all‚ most Americans can not even afford
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