Monday, June 1, 2015

Welcome to Venezuelan Economy Today!

I was born in Caracas, Venezuela to a Colombian mother and a Dominican father. My parents met and got married in Venezuela after escaping the economic and political unrest in their own countries. They migrated to Venezuela in the late 1970s when Venezuela's economy was booming and there were jobs-a-plenty. In the mid to late 80's, the Venezuelan economy started to shift for the worse and my parents (along with many others) decided to migrate yet again to an unknown landAmerica.

In recent times Venezuela has experienced an economic crisis that is far from any it has experienced before. The inflation rate is one of the highest in the world, there are supply shortages throughout the country, and tourism has declined drastically. These changes are usually analyzed from a macroeconomic view, but rarely is it examined from the point of view of the individuals and the smaller companies.

In this blog I want to emphasize on the ways these recent economic policies have reshaped the lives of some people in Venezuela as well as showcase the daily struggles that have become a norm for Venezuelan citizens. In addition, I hope to uncover how the country's current economy affects those families that are now living overseas.

I hope this blog will allow you to acquire a better understanding of the country and its unique economic issues.

3 comments:

  1. Interesting topic! I enjoy learning about other cultures and the things the media doesn't cover.

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  2. Hope you include some more about how your parents came to their decision. Looking forward to your posts. Janet

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  3. Thanks ladies! I am definitely looking forward to sharing some more of my parents' personal experience in future posts.

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