Recently the people have started to march against the government of Venezuela. Since the new president of Venezuela has been elected the economy has gone down drastically, and the people are sick of it. The main purpose of their march is for a new election. The election is wanted because of the oil crash, the currency worth has gone down, and they are starting to experience a shortage of food (5 reasons why Venezuela’s economy is in a meltdown). As stated several times in the article, ‘Venezuela’s leaders ignore reality’, Nicolas Maduro, the president, has been ignoring the warning signs of what got him into this mess and continues to not listen to his people. With these main problems that …show more content…
One of the main resources in Venezuela is the oil reserves. With the price of oil going down to about $28.00 from what used to be $100 a barrel, it is easy to see why the economy has not been able to grow well. Since they haven’t been able to make as much money, they haven’t been able to import enough food to feed their people. Right now another one of the major weaknesses in Venezuela is that the people are against the government. The military ranks lower that the countries surrounding it. It isn’t far below Colombia but still lower (Comparisons of World Military Strengths). Which would definitely make that a weakness Venezuela faces. The agriculture of Venezuela is also not the best. The
soil is not very fertile. The do grow a fair amount of goods, but not enough to sustain the country, which is why they rely heavily on imports.
To improve the current state of Venezuela, there are many things that could be done at this point. The people are marching for an election which could be something that could change the