Venezuela: The Decline of a Democracy

Venezuela’s unrest has been frequently making the headlines for the past three years, but since the end of March of 2017, the oil producing country hit by a severe governance crisis that has not left the front pages. The reasons for the country’s misfortunes are a string of poor public policy choices, widespread mismanagement, extensive corruption, and ideological demagoguery. These shortcomings have played a decisive role in the progressive collapse of the political project the late Hugo Chavez sought to consolidate, and that after his death, has been under threat not only by the absence of its charismatic founder, but also by the consequences of years of flawed decisions.

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