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.
Venezuela, a nation blessed with the largest oil reserves in the world, has shockingly transformed from potential powerhouse to economic disaster. In this video, we dive into the mismanagement that led to a collapse so severe that international agencies stopped tracking it. Explore how internal failures and external pressures pushed this once-promising country to the brink, and whether there's any chance left for a recovery.
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