The Maduro government has staged a plan to help curb the staggering inflation crisis in the country--- by creating a new currency. The idea of implementing a new currency in Venezuela is not new, as the government had tried multiple times to restore some value in their worthless monetary system. The bad news is the country has a terrible track record with financial decisions dating back to when the value of oil took a nosedive and sent the country spiraling into crisis. Their first mistake was backing 98% of their economy in oil.
Economy and Development
Usually developing small-scale infrastructure in rural areas is seen in a positive light, especially when these rural areas are located deep within the Amazon forest in the borders of Peru. That is the mentality that local people in these communities had, and supported the idea of the government building a road to connect to them to the bigger towns nearby. However, although positive changes have been made, there are still negative consequences within the modernization of communities who have remained remote for decades.
The idea of giving economic aid to a country is a noble one. Giving sovereign nations money to expand their economies, education levels, basic health, and to instill peace within their borders has been something the United States has done for nearly a century. However, giving them money is inconsequential; it is where that money goes, and how that money is used that matters. By citing instances of economic aid within Latin America in 2017, one can see just that, making one ponder the question; is the aid helping to advance these countries, or is it not helping in any significant way?
Brazil is one of the most influential economies and democracies in the world. Its population is mostly urban, which makes the citizens more accustomed to modern life. This makes Brazil an easy recipient for the United States to send aid to for the betterment of democracy and society overall. However, there is still need in Brazil for US foreign aid. In the following article, I will be looking at the US aid to improve law enforcement and counterterrorism efforts.
Law Enforcement in 2014 and 2016
In December of 2014, United States President Barack Obama made a monumental announcement that he planned to re-establish diplomatic relations with Cuba after the 50-year embargo. The embargo was to be kept in place, but steps were to be taken to loosen it. An embassy was to be built in Cuba to increase diplomatic ties. Measures were taken to increase financial freedoms between the two countries.