Companies hit by Venezuela move Colgate-Palmolive‚ the toothpaste and soap maker‚ will suffer a one-off $120m loss as a result of Venezuela’s currency devaluation‚ which is also posing a threat to the earnings of other US and European multinationals. The Venezuelan government said it would devalue its currency by 32 per cent on Friday in a long-expected move to alleviate a growing fiscal deficit and shortages of foreign currency. The official exchange rate for Venezuela’s bolívar is expected
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Oil Dependency on the Economy 2.1. Introduction 2.2. Oil dependence and the Economy 2.2.1. Oil Price 2.2.2. Currency 2.2.3. Other Sectors of the Economy & Overall Economic Growth 2.2.4. Impact on Society 3. Effects of Oil Dependence on Importing Countries 4. Solutions 1. Historical Background to Venezuela’s Oil 1.1. Before the discovery of oil To begin with‚ it should be pointed out‚ that‚ before the discovery of oil in Venezuela‚ the country was never
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Both Cuba and Venezuela‚ social gains are often counterbalanced with criticism of each country’s practice of democracy since plays an interesting role in building socialism. In Cuba‚ electoral democracy was often perceived as insufficient or problematic. At the lower level delegates are directly by their constituents to represent and voice the concerns of their respective communities. However‚ as the voting process as we move toward higher levels of government direct participation becomes more constrained
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The Continuing Fight for Human Rights in Venezuela Ever since Venezuela gained independence‚ the country had many national problems‚ such as high poverty rates‚ and a wide social gap between the wealthy‚ minority European group‚ and the poor majority African and native decent Venezuelan citizens. The past 200 years‚ especially the last 20 years this country made many great leaps to address these social problems. Under the leadership of Hugo Chávez who took office in 1999‚ he led the country to become
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Venezuela All That is Shiny is not Oil President Hugo Chávez Frías passed away on March 5‚ 2013 after battling an unknown type of cancer‚ thus ending fourteen years in office as president of Venezuela. In that time‚ he extended term limits that allowed him to run and win the executive post four times‚ including surviving one recall. Chávez saw himself as the leader of the “Bolivarian Revolution” and saw Venezuela as a model for “socialism for the 21st century.” Was he successful in achieving
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issues hidden within socialist nations. Socialist nations have thrived in the past and have had economic success similar to capitalist nations. The USSR industrialized rapidly and became a world superpower just in time for World War II. Cuba and Venezuela both adopted socialist forms of government that solved many of their social and economic issues. Fallacies have been found in the communist philosophy but similar issues are found in competing economic philosophies. The constant battle between capitalism
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Unit 4 International business setting up a business in Venezuela- Mercosur/Trade blocs‚ etc ATIA Hotel will be a four star hotel on a budget and of smaller size. The hotel will be set up as LLC of Venezuela and will be located in Venezuela. MERCOSUR: In English‚ Mercosur means Southern Common Market.Mercosur is a Regional Trade Agreement among Argentina‚ Brazil‚ Paraguay and Uruguay. It was founded in 1991 and later updated in 1994. Purpose of founding Mercosur is to promote free trade. Four
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Simon Bolivar was one of South America’s greatest generals and political leaders. Whose victories over the Spanish empire led to the independence of Bolivia‚ Panamá‚ Colombia‚ Venezuela‚ Ecuador‚ and Peru. Simon was born on July 25‚ 1783 in Caracas‚ Venezuela. His parents past away when he was but a child‚ only 9 years old. He then moved to Spain at the age of 9 years old‚ where he was raised by his nanny Hipolita and his tutor Simon Rodriguez. As for his education‚ he was homeschooled by a fair
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I have lived in the constant and omnipresent light of diversity‚ from my early childhood in South America to my young adulthood in the United States. In my youth as a Venezuelan‚ I came in contact with many different people from many different cultures and identities‚ as Caracas had been a thriving city filled with immigrants from Europe‚ South America‚ Asia‚ the Middle East‚ the Caribbean‚ and North America. Diversity is a reality everywhere in the world‚ and the lack of diversity enables and perpetuates
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Between the United States and Venezuela there are numerous differences in the education system from different aspects such as size of school‚ dress code‚ classes‚ grade system‚ laws among others. The United States of America has always been characterized as one of the freest countries in the world and that includes freedom in the education system. In the United States homeschooling is legal while in Venezuela is illegal. There are also differences about dress code.In Venezuela all the students are required
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