The economic cost of Venezuela's lost generation

Venezuela's collapse is often discussed in terms of oil production and geopolitics. Far less attention is paid to the human capital that left, and what that loss means for rebuilding the country.

In this episode of Alberta Edge, Venezuelan-Canadian engineer and University of Calgary energy researcher Luis Virla explains how a socialist authoritarian government dismantled Venezuela's institutions and hollowed out its economy. That collapse triggered a mass exodus of skilled workers, many of whom eventually rebuilt their careers in Canada, especially in Alberta's energy sector.

Drawing on his own experience, Virla describes what daily life looks like inside a failed petro-state, and why restoring trust and talent in his home country may prove harder than restoring oil output.

This podcast is generously supported by Don Archibald. The Hub thanks him for his ongoing support.

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CREDITS:

Falice Chin - Host, Producer, and Editor