The Economic Reality Facing Nicolás Maduro
Hugo Chávez engineered an electoral budget boom on steroids to win the 2012 presidential election. His economic strategy resulted in a significant appreciation of the real exchange rate, an increase in imports to a historical peak, and a considerable increase in public wages. Facing a strong contender in Henrique Capriles—and the limits to his campaign … Read more
Maduro is No Chávez, For Now
After much speculation President Hugo Chávez announced on December 8 that his cancer was back (for the second time in a year), and that he now had a person in mind to succeed him—Nicolás Maduro, the minister of foreign affairs who was elevated to vice president in October 2012. Designating Maduro as the official successor … Read more
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