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Tag Archives: Import Substitution Industrialization

A brief note on Venezuela and the turn to the right in Latin America

So besides the coup in Brazil (which was all but confirmed by the last revelations, if you had any doubts), and the electoral victory of Macri in Argentina, the situation in Venezuela is reaching a critical situation, and it would not be surprising if the Maduro administration is recalled, even though right now the referendum is not scheduled yet.The economy in Venezuela has collapsed (GDP has fallen by about 14% or so in the last two years), inflation has accelerated (to three digit levels;...

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