
The Most Mismanaged Economy in the World
Economics Explained
Venezuela's Economic Crisis: A Cautionary Tale
This chapter explores the disastrous impact of corruption and mismanagement on Venezuela's economy, particularly its dependence on oil wealth. It contrasts Venezuela's failure to wisely utilize its resources with Norway's success, highlighting the resulting social crises and mass exodus of skilled citizens amidst deteriorating conditions.
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.