venezuela

Analysis of US-Venezuela Economic Relations and US President Trump’s Decision to Ban the Petro

April 16, 2018

This article was written as part of the course “Latin American Economic Development” offered by Professor Marla Ripoll, Department of Economic, University of Pittsburgh.

 

The United States Treasury Secretary announced on last March that President Donald

Trump signed an executive order banning all transactions within the United States or by US

citizens that involve Venezuela’s new cryptocurrency. The petro, which was Venezuelan

president Nicolás Maduro’s plan to combat the rising hyperinflation and devaluation of the

Gondolas in Latin America

March 29, 2018

Completion of the Metrocable Medellin in Medellin, Colombia, more than a decade ago ushered in an alternative form of public transportation to densely populated, underserved, geographically isolated communities in Latin America. The Metrocable Medellin and its numerous predecessors are essentially gondolas that are typically associated with transportation from the bottom to top of the hill at ski resorts.

How Latin America is handling the Venezuelan Refugee Crisis

March 7, 2018

As Venezuela faces an economic crisis that has left the nation’s citizens in abhorrent conditions, without access to necessities such as food and medicine, Venezuelans are fleeing to neighboring countries that are already dealing with an unprecedented influx of middle eastern refugees, as well as internal conflicts between gangs, guerilla groups, and corruption scandals. Neighboring countries, though sympathetic to Venezuela’s worsening condition, are struggling to accept Venezuelan migrants.

Shocking win by government-backed Socialist party in Venezuela’s regional elections sparks doubt

October 18, 2017

On Sunday, October 15, President Nicolás Maduro’s United Socialist Party of Venezuela won a surprising majority in 17 of the country’s 23 states in the regional gubernatorial elections over the Democratic Unity opposition party.

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