Venezuela

Paper Summary:

In this paper, the writer states the policies of Hugo Chavez, the president of Venezuela and discusses his obvious abuse of power and their repercussions not only on America and the world but also on Venezuela itself. The writer discusses how Hugo Chavez's vision of utopia can lead Venezuela's economy into a terrible crisis. The writer concludes that such utopia could end in further unemployment and poverty, since the country's major earning is through oil production which itself faces upheaval, not to mention the overburdening of economies of America and the world.

Contents:
Abstract
New Policies of Hugo Chavez
Chavez' Utopia
Illegitimacy of the Actions of Chavez
Conclusion

From the Paper:

"What Chavez is actually trying to do is shift the customer base of P.D.V.S.A., the oil company owned by the state of Venezuela towards Asia where the increasingly oil-thirsty China would welcome it. This would make Venezuela less dependent on US and other neighboring states. Chavez has signed a deal to build oil and gas pipelines between Maracaibo Basin in Venezuela and the Caribbean and Pacific coasts in Colombia which would enable him to ship petroleum to China without using the Panama canal. This would allow him to cut deliveries to those who oppose him and hence forcing them into seeking other sources of oil at of course greater costs. As if this was not enough; Chavez has also announced plans to annul all mining concessions, which were previously granted to private companies. The state mining corporation of the country Corporacion Venezolana de Guayana, CVG, is reviewing many of its contracts and each of them would be modified according to the new laws."

More papers on Venezuela:

• Analytical Essay # 136190 : "Russia-Venezuela Relationship"
• Term Paper # 122360 : "Venezuela's Economics"
• Comparison Essay # 105838 : "Leadership Styles in Venezuela and the USA"

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