Economic crisis, deindustrialization and $7 a month wages
Study on labour productivity, hyperinflation and political crisis in Venezuela
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The catastrophic Venezuelan crisis is a perennial theme in the news of the world. It is currently the ninth worst economic result on the planet in the last 70 years and about one sixth of its population has emigrated. Now, to try to summarize the causes of the same in a brief book, would be illusory by the high degree of complexity that presents the voracious destruction of a national process of accumulation, once an example of stability in Latin America. Therefore, the book seeks to place particular emphasis on the technical field, on statistics and on the most important central indicators re...
The catastrophic Venezuelan crisis is a perennial theme in the news of the world. It is currently the ninth worst economic result on the planet in the last 70 years and about one sixth of its population has emigrated. Now, to try to summarize the causes of the same in a brief book, would be illusory by the high degree of complexity that presents the voracious destruction of a national process of accumulation, once an example of stability in Latin America. Therefore, the book seeks to place particular emphasis on the technical field, on statistics and on the most important central indicators relating to deindustrialization and labour productivity. In doing so, it tries not to complicate explanations with excessive mathematical modelling. In all possible ways, the aim is to present the economic indicators in the simplest way possible. The most current topics: political crisis, hyperinflation, poverty and the Guaidó affair; are also expressed in the most didactic and concise way possible. This crisis has very valuable lessons to be shared.
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