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Curated Video
Why Venezuela Is So Poor Despite Having So Much Oil
Venezuela has the largest deposits of oil in the world. More than Saudi Arabia, more than Iraq, more than Canada. Despite this, the country has been in economic free-fall for the last few years. And its production of oil has dropped from...
Economics Explained
The Economic Failure of Venezuela: The Oil Boom
Venezuela. Once the richest country in all of Latin America, it is now home to the single greatest economic downturn for a country in modern history. In terms of countries that had it easy, Venezuela, by all counts, should be at the...
Economics Explained
The Economic Failure of Venezuela: Excessive Government Spending
Venezuela. Once the richest country in all of Latin America, it is now home to the single greatest economic downturn for a country in modern history. In terms of countries that had it easy, Venezuela, by all counts, should be at the...
Economics Explained
The Economic Failure of Venezuela
Venezuela. Once the richest country in all of Latin America, it is now home to the single greatest economic downturn for a country in modern history. In terms of countries that had it easy, Venezuela, by all counts, should be at the...
Economics Explained
The Economic Failure of Venezuela: Dutch Disease
Venezuela. Once the richest country in all of Latin America, it is now home to the single greatest economic downturn for a country in modern history. In terms of countries that had it easy, Venezuela, by all counts, should be at the...
NPR: National Public Radio
Npr: Latin America's Oil Legacy
Audio story about the oil economy in Latin America. Learn about the impact of oil on the economies of Ecuador, Venezuela, and Peru.