Research the business and political environment in Venezuela today.
Particularly look for conflicts that have occurred between the socialist Venezuelan government (under presidents Chavez and now Maduro) and private businesses (manufacturing, oil, telecommunications, media, etc.).
- Provide a briefing of the current economic and business climates in Venezuela.
- Examine and explain why (and if) you believe whether the government's actions regarding currency and its attempts to micro-manage the output of private companies are causing economic chaos and chronic shortages of goods.
- Draw some conclusions as to whether a foreign business (any type you wish) should look to expand in this country. Why? or Why not?
Sample Solution