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Venezuela’s recent economic history (Update)

Overview

Shownote

Highlights

Transcript

Chapters

Pins

Venezuela’s recent economic history (Update)

Planet Money

Jan 04
Planet Money

Planet Money

Jan 04
OverviewShownoteHighlightsTranscriptChaptersPins

Shownote

We’ve been checking in on the economic conditions in Venezuela for about a decade now. In response to the U.S. strike and the capture of Venezuelan president Nicolás Maduro this weekend, we’re re-surfacing this episode with an update. The original version...

Highlights

Venezuela's dramatic economic fall from one of Latin America's wealthiest nations to a state of crisis has been decades in the making. Once powered by vast oil reserves and strong social spending, the country now stands as a cautionary tale of how resource wealth, when mismanaged, can fuel collapse rather than prosperity.
08:42
Maduro begged OPEC for help as oil prices crashed in 2014
11:36
Government's multiple exchange rates created arbitrage opportunities that drained official reserves

Chapters

How Oil Wealth Built—and Then Broke—Venezuela
00:00
What Happened When the Oil Money Ran Out?
05:54
The Black Market That Ate the Economy
11:36
Can the Dollar Save Venezuela?
17:37
Is There Any Hope After Maduro’s Re-Election?
20:55

Transcript

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