Tag Archives: Venezuela

Venezuela was once South America’s richest country. Here’s what went wrong

By: Callum Brodie August 2017 Source: https://www.weforum.org/agenda/2017/08/venezuela-economic-woes-2017-explained/ Until recently, almost all of Venezuela’s mostly urban and educated population had access to clean drinking water, sanitation facilities and electricity. It was an affluent country, with the largest proven fossil-fuel reserves in the world. But its economy is shrinking at an alarming rate, while at the same time […]
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Venezuela was once twelve times richer than China. What happened?

By: Jeff Desjardins September 12, 2017 Source: https://www.weforum.org