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Venezuela foreseen economic path under fire

Author

Listed:
  • Doaa M. Salman Abdou

    (Professor of Economics and Finance, October University for Modern Sciences and Arts, Egypt)

Abstract

The paper provides analysis on one of the feeblest countries that was 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’ heavily dependence on oil as source of revenue. The dependence of oil and the absent of other sources put the country under high risk not for the country only but for the whole region. The paper provides an overview for 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 Abdou, 2020. "Venezuela foreseen economic path under fire," Bussecon Review of Finance & Banking (2687-2501), Bussecon International, vol. 2(1), pages 19-24, January.
  • Handle: RePEc:adi:bsrfbs:v:2:y:2020:i:1:p:19-24
    as

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    References listed on IDEAS

    as
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    2. Merton H. Miller, 2012. "Financial Markets and Economic Growth," Journal of Applied Corporate Finance, Morgan Stanley, vol. 24(1), pages 8-13, March.
    3. Stern, David I., 2010. "The Role of Energy in Economic Growth," Working Papers 249380, Australian National University, Centre for Climate Economics & Policy.
    4. Alex Trew, 2007. "Endogenous Financial Development and Industrial Takeoff," CDMA Working Paper Series 200702, Centre for Dynamic Macroeconomic Analysis.
    Full references (including those not matched with items on IDEAS)

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