Venezuela and the United States Term Paper by GJC209

This paper explains that corruption and dissatisfaction with the Venezuela democratic government brought Hugo Chavez to power. The author underscores that, because of Chavez's hostility towards the United States and the dependency of the U.S. on Venezuelan oil, an alternative to the current state of affairs between the US and Venezuela must be developed. The paper explores several possible alternatives to the current state of affairs between Venezuela and the United States, all carry differing costs and benefits the United States. These include using an oil embargo against Venezuela, which would severely affect the popularity of Chavez's government by cutting the funding for several of his popular social programs, developing anti-Chavez, pro-U.S. sentiment in the region of Latin America in an effort to use multilateral cooperation to control Chavez and his foreign policy agendam, and ignoring Chavez's anti-U.S. rhetoric and developing bilateral relations dealing with several issues of mutual concern. The paper concludes that the best alternative is using multilateral support to control Chavez, which has both the greatest benefit and the lowest cost and could help U.S. and Latin American relations in the future.

Table of Contents:
Introduction
History
Development of Alternative Approaches
Cost Benefit Analysis of Alternatives
Recommendation and Justification
Executive Summary