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Venezuela foreseen economic path under fire

Author

Listed:
  • Doaa M. Salman

    (Professor of Economics and Finance, Head of economics department, Associate Dean, October University for Modern Sciences and Arts, Egypt)

Abstract

The paper provides an analysis of one of the feeblest countries that were once one of the richest. The country is actually facing several economic and political crises. This crisis originated from the continuous communist economic system and its’ heavy dependence on oil as a source of revenue. The dependence on oil and the absence of other sources put the country at high risk not for the country only but for the whole region. The paper provides an overview of the reasons for escalating the current situation and its implications on the neighbor countries and a conclusion reflecting the foreseen possible economic situations way out.

Suggested Citation

  • Doaa M. Salman, 2021. "Venezuela foreseen economic path under fire," Bussecon Review of Social Sciences (2687-2285), Bussecon International Academy, vol. 3(2), pages 18-23, April.
    • Handle: RePEc:adi:bsrsss:v:3:y:2021:i:2:p:18-23
    DOI: 10.36096/brss.v3i2.291
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    References listed on IDEAS

    as
    1. Asli Demirgüç-Kunt & Ross Levine, 2008. "Finance, Financial Sector Policies, and Long-Run Growth," World Bank Publications - Books, The World Bank Group, number 28021, December.
    2. Stern, David I., 2010. "The Role of Energy in Economic Growth," Working Papers 249380, Australian National University, Centre for Climate Economics & Policy.
    3. Merton H. Miller, 2012. "Financial Markets and Economic Growth," Journal of Applied Corporate Finance, Morgan Stanley, vol. 24(1), pages 8-13, March.
    Full references (including those not matched with items on IDEAS)

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