This chapter chronicles Venezuela's transformation from a wealthy nation to economic decline, focusing on its history from the 1950s to the early 2000s. It examines the effects of oil nationalization and mismanagement on the economy, including a peak GDP in 2012 followed by a downward spiral.
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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