Even oil couldn’t help Venezuela’s economy


Venezuela is struggling to maintain a healthy economy as the considered rich country has currently been running out of resources. GDP growth per capita of Venezuela between the years 1900 to 1920 grew about 1.8 percent. On the 1960’s till the 1970’s, the Venezuelan government was able to preserve its economy by impartially investing huge amounts on public programs. They’re president Nicolas Maduro ordered an increase in the minimum wage with more than 65 percent in monthly income. He…

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