Venezuela’s economy is in crisis, with hyperinflation, collapsed oil revenues, and political instability severely limiting growth. Market competition is negligible due to state control and a shrinking private sector. Public policies are ineffective in addressing economic collapse, and governance remains plagued by corruption. Regulatory frameworks are weak, deterring investment. Venezuelan society faces widespread poverty, with mass emigration exacerbating labor shortages. Education and healthcare systems are in decline, with significant resource gaps. Climate issues, including deforestation and oil-related pollution, further hinder recovery. Venezuela’s economic stabilization requires structural reforms and international support.
