In ancient times‚ Venezuela was a paradise forindians. It had beautiful beaches‚ tropical forests‚ and gentle grassland of the Llanos. In 1498‚ the first European‚ by the name of Christopher Columbus‚ came to the country. He came during his third voyage of the new world. More explorers came the year after and then eventually the spanish established their first settlement‚ Nueva Cadiz‚ which was later destroyed by a tsunami. The colonies in Venezuela were much less important to the Spanish than the
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Oil Dependency on the Economy 2.1. Introduction 2.2. Oil dependence and the Economy 2.2.1. Oil Price 2.2.2. Currency 2.2.3. Other Sectors of the Economy & Overall Economic Growth 2.2.4. Impact on Society 3. Effects of Oil Dependence on Importing Countries 4. Solutions 1. Historical Background to Venezuela’s Oil 1.1. Before the discovery of oil To begin with‚ it should be pointed out‚ that‚ before the discovery of oil in Venezuela‚ the country was never
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My country is Venezuela. Venezuela is located on the Northern tip of South America and Colombia is it’s neighbor to the West. Venezuela was founded on July 5‚ 1811 by Simón Bolívar. The inspiration behind the flag originally came from the one used by the liberation leader‚ Francisco de Miranda from his expedition in 1806. The Venezuelan flags colors are red‚ blue‚ and yellow. The yellow stripe is on the top of the flag‚ the blue is in the middle‚ and the last stripe is red. In the middle‚ on the
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Both Cuba and Venezuela‚ social gains are often counterbalanced with criticism of each country’s practice of democracy since plays an interesting role in building socialism. In Cuba‚ electoral democracy was often perceived as insufficient or problematic. At the lower level delegates are directly by their constituents to represent and voice the concerns of their respective communities. However‚ as the voting process as we move toward higher levels of government direct participation becomes more constrained
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The Continuing Fight for Human Rights in Venezuela Ever since Venezuela gained independence‚ the country had many national problems‚ such as high poverty rates‚ and a wide social gap between the wealthy‚ minority European group‚ and the poor majority African and native decent Venezuelan citizens. The past 200 years‚ especially the last 20 years this country made many great leaps to address these social problems. Under the leadership of Hugo Chávez who took office in 1999‚ he led the country to become
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Maria Montilva Dawn Garcia ENC1101/ 5:40-6:55pm September 25‚ 2013 Venezuela Welcomes Me Back One of the best and most memorable moments of my life was my arrival back to Venezuela after seven years of not going. I came to Miami when I was 4 years old‚ and never did I once go back to Venezuela until I was eleven. Starting from a week before I was anxious‚ nervous and excited all at the same time‚ it was too many feelings at once. It was hard to control myself. Being used to something and then
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Companies hit by Venezuela move Colgate-Palmolive‚ the toothpaste and soap maker‚ will suffer a one-off $120m loss as a result of Venezuela’s currency devaluation‚ which is also posing a threat to the earnings of other US and European multinationals. The Venezuelan government said it would devalue its currency by 32 per cent on Friday in a long-expected move to alleviate a growing fiscal deficit and shortages of foreign currency. The official exchange rate for Venezuela’s bolívar is expected
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Unit 4 International business setting up a business in Venezuela- Mercosur/Trade blocs‚ etc ATIA Hotel will be a four star hotel on a budget and of smaller size. The hotel will be set up as LLC of Venezuela and will be located in Venezuela. MERCOSUR: In English‚ Mercosur means Southern Common Market.Mercosur is a Regional Trade Agreement among Argentina‚ Brazil‚ Paraguay and Uruguay. It was founded in 1991 and later updated in 1994. Purpose of founding Mercosur is to promote free trade. Four
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Venezuela All That is Shiny is not Oil President Hugo Chávez Frías passed away on March 5‚ 2013 after battling an unknown type of cancer‚ thus ending fourteen years in office as president of Venezuela. In that time‚ he extended term limits that allowed him to run and win the executive post four times‚ including surviving one recall. Chávez saw himself as the leader of the “Bolivarian Revolution” and saw Venezuela as a model for “socialism for the 21st century.” Was he successful in achieving
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issues hidden within socialist nations. Socialist nations have thrived in the past and have had economic success similar to capitalist nations. The USSR industrialized rapidly and became a world superpower just in time for World War II. Cuba and Venezuela both adopted socialist forms of government that solved many of their social and economic issues. Fallacies have been found in the communist philosophy but similar issues are found in competing economic philosophies. The constant battle between capitalism
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