Bolivarian Revolution

VENEZUELA AND CHAVEZ: A GENERAL PICTURE OF THE TIMES The Venezuelan Economy The Venezuelan parsimony is regarded as among the strongest in its region, Latin America, or soly attributable to is ¡§ very(prenominal) solid democratic system of government and a combat-ready market representing a truly guarantee for national and unusual investments¡¨ (Venezuelan Embassy, n.d.). The strength of the thrift is largely based on the wax(a) participation of various players and the structure of goods and services. The structure of the Venezuelan miserliness is based on two concepts. First, it is a mixed economy with extensive public and private participation. Second, it is divided into two primary(prenominal) components: the oil economy, oriented towards merchandiseing, and the internal economy, where most of the country¡¦s goods and services are produced and consumed. Non-oil frugal activity will be concentrated in agriculture and fabrication, which are the two sectors most seriously affected by import competition (Venezuelan Embassy, n.d.) Predominantly, the Venezuelan Economy is largely dependent on its oil industry. Fittingly, www.sourcewatch.org asserts that the Venezuela¡¦s oil industry is ¡§the uncontested fuel of Venezuela¡¦s economic engine.

¡¨ Venezuela does not merely rely on its oil industryto boost its Gross Domestic Product (GDP); the industry is besides the main contributor to the revenues of the government. The World Fact Book of the commutation Intelligence Agency asserts that industry ¡§accounts for roughly 90% of export earnings, more than 50% of the federal budget revenues and around 30% of GDP.¡¨ The Seat of Presidency Venezuela follows the Presidential realise of government with the president cosmos elected as both the lintel of state and the head of government. The executive power of the state lies in the Office of the President. The Venezuelan President has the authority not only to appoint persons who would form part of the cabinet, but at the same time to specify on its composition and size... If you want to get a full essay, order it on our website: Ordercustompaper.com

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