...Hugo Chavez, Marx and Engels and the Venezuelan Revolution Karl Marx and Friedrich Engels introduced the idea that history is one of a struggle between classes. Marx and Engels were not talking about the economic lower, middle, and upper classes of today. Instead, what Marx and Engels meant was the struggle between the working and capitalist classes. Another way of looking at it is the ruling class versus the ruled class. Hugo Chavez, President of Venezuela, had similar ideas about stopping the exploitation of the working class. I believe that Marx and Engels would agree with Chavez’s policies, programs and ideas because of Chavez’s desire to get rid of capitalism, the social reforms Chavez did and because the problems arising in Venezuela opened the door for a revolution. Marx and Engels argued that the struggle between the ruling class and the ruled class is actually the struggle between the Bourgeois and the Proletarians (2003, 126). Marx and Engels say that the expansion of industry itself has advanced the development of the Bourgeoisie, which led to the development of the Proletariat or the ruled class (2003, 127). When Marx and Engels say, “It has agglomerated population, centralized the means of production, and concentrated property in the hands of a few (Marx and Engels 2003, 129).” What this means is that Bourgeois have taken control of everything and this is what Marx and Engels are trying to get rid of. The Bourgeois control all the means of production and property...
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...Natalia Navarro Comparative Political Economy Analytical Paper #2 November 5, 2015 Question #3 Venezuela vs. Poland In order to understand the reforms that occurred in Venezuela after the 1980’s both politically and economically it is important to study the origin of Bolivarianism. The term Bolivarianism originates after Simón Bolivar, a military and political leader born in Venezuela. Bolivar helped establish many sovereign states from the Spanish rule including Venezuela, Colombia, Bolivia and Peru. Venezuela has a petroleum based economy that allowed the construction of a democratic political regime that was based on a zero-sum framework around the 1960’s. Once the resources started diminishing around the 1980’s through 1990’s the political...
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...verdicts on the leadership of Hugo Chavez in Venezuela came out of a physician who became famous for ensuring that he had inner knowing that cancer will eventually kill the president of Venezuela. It was widely covered by the media of opponents, communication eager to fill the void left by the lack of official information on the health status of Chavez statements. Beyond truth diagnosis doctor Jose Rafael Marquina, a Venezuelan who resides in Florida, USA, also transcended his criticism of the style of government of the now deceased leader. In an interview with the local newspaper Tal Cual in December 2012, he said: "Chavez dealt with his illness in the same way it did with the country in an improvised way." From...
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...profile of The Bolivarian Republican of Venezuela; in order to study the current situation of the country for further investigations in the future that may help to understand the opportunities and risk involve in importing and opening new markets in Venezuela. The analysis includes reviews and an extensive research about: First the geography and global information to introduce the country; second, the History since the arrival of the Spaniards. The Political analysis will be explained as much detailed as possible due to its specifics characteristics in the recent decades with the Hugo Chavez’s government. He report draws special attention in the Social analysis is one of the main issues to be reviewed due to its importance at the time of making any decision. The economic aspect of course will be in consideration with both: the Official’s figures and the international observer’s ones, the graphics will be analyzed. It will be also mentioned the Business environments and the principal sectors to invest or that could be interesting to sell. To support all the information in the report before any conclusion, it will be used THE SWOT tool to demonstrate why Venezuela is an interesting place to import, especially in the last 5 years. It is not just a country of striking natural beauty, which ranges from the snow-capped Andean peaks in the west, through the Amazonian jungles in the south, to the beaches of the north, Venezuela is among the most highly urbanized countries...
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...Wednesday, September 17, 2014 Country Focus & Five Questions Chapter #2-Country Focus: Chavez’s Venezuela Page 42 Hill - Global Business Today 8th Edition Type each question and give answer below question. Answer the question consistent with the homework guidelines on page 4 of the syllabus. Management 470-International Business Management Fall 2014 Question 1: Under Chavez’s leadership, what kind of economic system is being put in place in Venezuela? How would you characterize the political system? (3 points) Under Hugo Chavez’s leadership, a democratic socialist system was formed. Chaves was a huge advocator for global capitalism beginning when he ran for office. Chavez’s first step toward holding power over the government was when he took over the distribution of resources around Venezuela. In 2005, he announced an increase in the royalties the government would collect from oil sales. He also seized control over the court system when he fired Supreme Court justices. Chavez also extended government control over the media as well. Lastly, Hugo Chavez took various enterprises into state ownership and required that other enterprises be restructured as “workers’ cooperatives” in return for government loans. Question 2: How do you think that Chavez’s unilateral changes to contracts with foreign oil companies will impact upon future investment by foreigners in Venezuela? Discuss each concept and element of the question within the framework of an actual and specific...
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...Venezuela is one of the countries with the largest oil reserves in the world. Three decades ago it was considered one of the countries with the highest living standards. Today, after seventeen years of revolution its economy is suffering a severe crisis. The question is, how this country that has larger oil reserves than Saudi Arabia, cannot fin basic good in shops? The crisis is a consequence of an economic mismanagement and the authoritarian Chavista Government. When Hugo Chavez came to power, his goal was to reduce inequality and provide a fair distribution of wealth among the population but, his failure was to diversify Venezuela’s economy. The financial health of the country was in excellent condition when the price of a barrel of crude oil was 100 dollars, between 2013 and 2014. The revenues of the oil industry were designated to fund social programs to reduce poverty, creating a socialist government. Instead of investing...
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...two-hour exam. You will also have 20 multiple choice questions (40% of the exam score – worth 2 points each, for a total of 40 points). As with the midterm, the essay will provide a hypothetical scenario of a company that is considering making an investment in a Latin American country. (You will not know the industry of this hypothetical company until the exam.) You will be asked to assess any TWO of the countries that we have covered since the midterm: Mexico, Costa Rica, Chile, Peru, Venezuela, and/or Colombia. The format will be identical to what you saw in the midterm, as follows: a) provide an assessment of prospects for the continuation and sustainability of market-oriented economic reforms in [ANY TWO COUNTRIES OF THE LIST COVERED SINCE THE MIDTERM]. (NOTE: In your answer, you should use the Packenham Model as a framework for your analysis. Don't just summarize Packenham, however; USE the model to assess prospects for specific current and future market-oriented economic reforms in both countries. Also, make reference to lectures/other readings, where relevant.) [MAKE SURE TO DISCUSS BOTH COUNTRIES FULLY.] AND b) discuss any other factors that might be relevant to [THE COMPANY’S INVESTMENT PROJECT], such as possible locations within the country, demographics (age of population and market size), free trade agreements, prospects for a currency devaluation, bargaining, culture, etc. NOTE: you would not need to discuss all of these factors, just as many...
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...Exercise country analysis and country risk Venezuela Hypump, a US company producing hydraulic pumps used in oil producing industry, likes to investigate the possibility of starting a new subsidiary in Venezuela, and asked you to make a country analysis and country risk report. The facts, key indicators and back ground information of Venezuela you found after research are presented in the Appendix. Use that information to answer the following questions: Moderate poverty and inequality have decreased from 1998 onwards due to the program called ‘Missiones’ according to the World bank (see appendix). 1. Use the fact sheet Venezuela whether this can be confirmed with figures. Assess: a. Level of development b. Income inequality 2. Assess Venezuela’s export structure. What is it based on? Use GDP and expenditure components for Q 3 and Q4 to assess Venezuela’s attractiveness from the table: 3. How can you see 2014 and 2015 are forecasts? 4. Characterize the phase of business cycle Venezuela has faced in 2013 and 2014 (Explain which key indicator(s) are used to answer the question) 5. Make a ‘first level analysis’ of the aggregate components of GDP to explain the economic (GDP) growth during 2013. 6. Explain the influence of imports on GDP in 2013. 7. Make a ‘second level’ analysis of the aggregate components of GDP to find some reason(s) for the movement of the various components. ‘The decrease...
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...Edberg Espinoza Writing Studies II Lindsey Wilson College 5/1/2015 Socialism in Cuba and Venezuela The Socialist ideology policy that titles those philosophies and political actions that protect an economic and political system founded on the organization of production systems and social control by an organized bottom-up workers' state, economic and political sectors to evade that a minority of citizens owning the means of to exercise the abuse of a majority that does not possess the means of production is enforced to sell their labor in exchange for a salary. This socialist ideology has been enforced in two countries for several years; Cuba and Venezuela, but this has not been solved yet, and it’s a topic that everybody should knew something. I will start with Cuba and then Venezuela, and then I will compare them so the reader can know the similarities between them. The first intentions to implement socialism in Cuba come with Fidel Castro and Ernesto "Che" Guevara and his attempts to overthrow the dictatorship of then-President Fulgencio Batista, the dictatorial president was unconditional ally of the United States . They had already had approaches with communist leaders especially from Mexico, there was brewing a plan for the dissemination of communist ideas and policies, especially at the head of Leon Trotsky. In the Cuban revolution that culminated in Batista fled and the establishment of Fidel Castro in power in 1959, who in four years as the island proclaimed socialist...
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...Venezuela is located in South America and shares its borders with Columbia, Brazil, Guyana and islands of Trinidad & Tobago. The most significant resources found are petroleum, natural gas, iron, gold and other minerals. However the country has been in state of unrest from for quite some time now. The history of the story goes back to 1922 when huge well oil was discovered in Venezuela and all the major oil companies were attracted to the country. Venezuela became largest oil exporter in the world in 1928. However other sectors like agriculture, manufacturing were ignored. The global demand of oil rose with World War II and the country produced more than one million barrel oil per day. However during 1950s, Middle Eastern countries started...
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...Running Head: VENEZUELAN OIL MARKET 1 Analysis of the Venezuelan Oil Market BINT 6311 – International Business Management University of the Incarnate Word VENEZUELAN OIL MARKET 2 Table of Contents Abstract ............................................................................................................................................3 Review of Venezuela .......................................................................................................................4 Geographic Location ....................................................................................................................4 Demographics ...............................................................................................................................5 Economic Indicators .....................................................................................................................5 Politics and Economic Freedom ...................................................................................................6 Analysis of Entry Modes .................................................................................................................7 Government’s Role ......................................................................................................................8 Joint Ventures ...............................................................................................................................8 Recent Events in Entry ....
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...Panama - The city's semi-official history - A History of Panama City, put out by the Panama City Public Library [5] - gives an account of how it gained its name: The original name of the town was Harrison. Its developer, George Mortimer West, gave the town its present name because it was on a direct line between Chicago and Panama City, Panama, in Central America. The name change took place during the building of the Panama Canal, as a way to link the area to an ongoing media interest, in hopes of promoting real estate development in Bay County. Major Cities: Panama City, Panama San Miguelito, Panama Alcalde Diaz, Panama Tocumen, Panama David, Panama | Arraijan, Panama Colon, Panama Las Cumbres, Panama La Chorrera, Panama Pacora, Panama | Santiago, Panama Chitre, Panama Vista Alegre, Panama Chilibre, Panama Kusapin, Panama | Paraguay- is a landlocked country in South America, bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. Paraguay lies on both banks of the Paraguay River, which runs through the center of the country from north to south. Due to its central location in South America, it is sometimes referred to as Corazón de América ("Heart of America"). Major Cities: Asuncion, Paraguay Ciudad del Este, Paraguay San Lorenzo, Paraguay Luque, Paraguay Capiata, Paraguay | Lambare, Paraguay Fernando de la Mora, Paraguay Limpio, Paraguay Nemby, Paraguay Encarnacion, Paraguay | Mariano Roque...
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...PART III ECONOMIC ELEMENTS As a business professional, being aware of the environment in which you work is essential. Probably the biggest and most important element that will be focused on will be the economy because this is the driving force behind any business practice or any business decision. Entering a new economy without a solid background of information will typically end unsuccessfully. Brazil and Venezuela are two countries that are a great example because they are geographically close but they are very distant economically. Over the course of the last fifty years, Brazil has had three main objectives for their economy and those goals were to keep inflation under control, to maintain a high rate of economic growth, and to redistribute wealth to the poorest people of Brazil. Venezuela’s economy has undergone some drastic changes as well over the last fifty years with the biggest difference being the shift in their main export. Venezuela used to always be an economy based around coffee and cocoa as their biggest contributor to national GDP, and now the biggest export of Venezuela is oil. Oil was the main source of GDP growth in Venezuela when the economy started to stagnate. Not all of Venezuela’s economic change came from oil however; the country still is undergoing heavy change as a result of politics and the current president Hugo Chavez. Brazil’s large economy is one that overshadows many of the smaller South American economies, with a population of 194 million...
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...error, either at source or during production, Business Monitor International accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained. ISSN 1474-5615 Vol 29 Issue 3 March 2012 Andean Business Monitor International’s monthly regional report on political risk and macroeconomic prospects THIS MONTH’S TOP STORIES VENEZUELA Living On The Edge BMI View: This year will be of pivotal importance for Argentina and Venezuela, with potential knock-on effects for the entire region. Both countries are on a highly unsustainable macroeconomic trajectory, which could lead to an economic and political implosion....
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...To understand how to operate within the boundaries of a foreign country like Venezuela, you must understand its cultural makeup. What does the country of Venezuela look like? Who are the people of Venezuela? What kind of Government represents them? These are just a few questions that will allow for a better understanding and insight on how to approach working within and developing relationships with the people of Venezuela. To better understand the Bolivarian Republic of Venezuela and its great ethnic diversity, it’s important to reference its government, its political organizations, the social and economic wellbeing as well as its military, infrastructure and informational environments. These segments when put together create an overarching...
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