Instructional Video10:10
Curated Video

Why Venezuela Is So Poor Despite Having So Much Oil

9th - Higher Ed
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...
Instructional Video4:59
Economics Explained

The Economic Failure of Venezuela: The Oil Boom

9th - Higher Ed
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...
Instructional Video4:43
Economics Explained

The Economic Failure of Venezuela: Excessive Government Spending

9th - Higher Ed
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...
Instructional Video11:48
Economics Explained

The Economic Failure of Venezuela

9th - Higher Ed
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...
Instructional Video2:16
Economics Explained

The Economic Failure of Venezuela: Dutch Disease

9th - Higher Ed
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...
Audio
NPR: National Public Radio

Npr: Latin America's Oil Legacy

9th - 10th
Audio story about the oil economy in Latin America. Learn about the impact of oil on the economies of Ecuador, Venezuela, and Peru.