THE LAND OF CRISIS: A DEEP ANALYSIS OF THE CURRENT SITUATION IN VENEZUELA
Downloads
Abstract
The paper deals with the current scenario which has developed in the state of Venezuela. The state which was once one of the wealthiest nations of the world has now been turned into rags due to a series of bad economic decisions taken in the past. Due to which the state which was once considered as a paradise of the world has now been brought into the ruins. There are several reasons for such drastic change of conditions in the country which includes bad economic policies, too much focus on Socialism etc. The period of the presidency of Hugo Chavez which is considered by many citizens of Venezuela and people from around the world was in fact the worst period which is responsible for the present day condition of Venezuela. His presidential term from 1999 -2013 saw some of the worst decisions to be taken in terms of economic policies which has now resulted in the current atrocities which has to be faced by the entire population of Venezuela. The paper basically divided into three parts out of which the first part deals with the background of the crisis which has erupted in Venezuela. The second part deals with the different crises which are there in Venezuela, mainly political, economic or humanitarian due to the period of bad economic decision being taken by the policy makers. The third and the final part deals with the possible actions or measures taken by government to solve the current situation of hyperinflation and bring the economy back on track by taking examples from many other nations who have gone through this phase. The paper is moreover an effort to explain in detail to the readers in a layman’s language about the Venezuelan crisis in detail by covering all the related topics in one paper.
External References to this Article
Loading reference data...
Readership Data
Refreshing Cached Analytics Data
The cached analytics data has become stale and journal.thelawbrigade.com is making a fresh request to fetch the latest data from Google Analytics. This may take 20-30 seconds depending on the server response time from Google Analytics. Please do not close the browser during this time. We appreciate your patience.
License Terms
Ownership and Licensing:
Authors of research papers submitted to any journal published by The Law Brigade Publishers retain the copyright of their work while granting the journal specific rights. Authors maintain ownership of the copyright and grant the journal the right of first publication. Simultaneously, authors agree to license their research papers under the Creative Commons Attribution-ShareAlike 4.0 International (CC BY-SA 4.0) License.
License Permissions:
Under the CC BY-SA 4.0 License, others are permitted to share and adapt the work, even for commercial purposes, provided that appropriate attribution is given to the authors, and acknowledgment is made of the initial publication by The Law Brigade Publishers. This license encourages the broad dissemination and reuse of research papers while ensuring that the original work is properly credited.
Additional Distribution Arrangements:
Authors are free to enter into separate, non-exclusive contractual arrangements for distributing the published version of the work (e.g., posting it to institutional repositories or publishing it in books), provided that the original publication by The Law Brigade Publishers is acknowledged.
Online Posting:
Authors are encouraged to share their work online (e.g., in institutional repositories or on personal websites) both prior to submission and after publication. This practice can facilitate productive exchanges and increase the visibility and citation of the work.
Responsibility and Liability:
Authors are responsible for ensuring that their submitted research papers do not infringe on the copyright, privacy, or other rights of third parties. The Law Brigade Publishers disclaims any liability for any copyright infringement or violation of third-party rights within the submitted research papers.
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
Copyright © 2026 by Rishabh Srivastava
The copyright and license terms mentioned on this page take precedence over any other license terms mentioned on the article full text PDF or any other material associated with the article.
