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.
Highlights
Venezuela is a country on the northern coast of South America with different natural fascinations
Centuries of political and economic variability in Venezuela has affected a huge population to flee to Latin America in the current years, according to the United Nations (U.N) migration organization that around 3.4 million Venezuelan citizens have left the country in quest of food, work, and health since 2014
Hunger and poverty are increasing dramatically as more than 80% of the citizens are under poverty level, millions of people have migrated from the country over the past five years out of 30 million citizens according to the United Nations (UN) reports
Summary
Venezuela is a country on the northern coast of South America with different natural fascinations. Centuries of political and economic variability in Venezuela has affected a huge population to flee to Latin America in the current years, according to the United Nations (U.N) migration organization that around 3.4 million Venezuelan citizens have left the country in quest of food, work, and health since 2014. Child malnutrition has an extended crisis levels in Venezuela, the U.N. children’s agency recently reported that because of the distortion in Venezuela’s health system, diseases such as diphtheria, malaria and measles that were once exterminated, are spreading, and even dropping over national borders as Venezuelans migrate. This paper, starts by giving hints and facts about Venezuela and its' crises a long with its timeline history, moving on to demonstrate its major causes such as the oil reduction, inflation, migration, health issues and violence. The implications on the region and concluding with the type of help Venezuelans need and some possible solutions for the crisis
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