The Venezuelan economy –growing at single digit rates after a decade-long massive contraction– continues to suffer structural constraints that not even regime change can lift in the short term
A plethora of startups currently involving from 180,000 to 300,000 workers surged as the result of deregulation and created a new role for motorizados in the social imaginary
Economists Asdrúbal Oliveros and Jesús Palacios Chacín, from consulting and research firm Ecoanalítica, explain what we should expect from Venezuela’s economy following the new sanctions regime and the elections
The economic dynamics of Venezuela’s street vendors remains elusive. But more than a 100 interviews with buhoneros reveal cartels, unofficial business guilds, fierce seasonal competition and –sometimes violent– control of whole streets.
Labor benefits don’t necessarily benefit Venzuelan workers. When employers do the math, they realize they have to offer lower salaries so that the whole package becomes affordable.
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