1. Venezuela: A Situation Report
- Author:
- Patrick D. Duddy
- Publication Date:
- 12-2017
- Content Type:
- Journal Article
- Journal:
- American Diplomacy
- Institution:
- American Diplomacy
- Abstract:
- Venezuela remains in crisis. Popular support for the so-called Bolivarian revolution and its socio-economic model known as twenty-first century socialism has eroded dramatically. Polling suggests there is a near consensus among Venezuelans that conditions are bad and that the country is headed in the wrong direction but support for the opposition has also declined in recent months. International criticism of the Maduro regime is widespread. Countries representing over 90% of the region’s population have publicly called on the Venezuelan government to restore democracy. The economy is near collapse and both the country and the national oil company have been declared by various rating agencies and financial institutions to be in selective default. In response the Venezuelan government has looked ever more earnestly to China and Russia to bail them out. Recent assistance from Russia in particular has helped prevent a complete default but not improved circumstances inside the country,
- Topic:
- Oil, Politics, Natural Resources, Sanctions, Elections, and Democracy
- Political Geography:
- South America and Venezuela