venezuela

How Corruption Stymies Economic Growth and Sparks Unrest

Mark Goebel

Recent impressive growth notwithstanding, corruption also threatens to hold back India’s and Brazil’s drive to join the ranks of the world’s developed countries, and has brought Venezuela and Ukraine to the brink of political collapse. Even China, this century’s economic star, is being handicapped in its long-term quest to overtake the U.S. economically by corruption, so much so that China’s new supreme leader, President Xi Jinpang, has made stamping it out one of the main priorities of his time in office.

 

How Hugo Chavez’s Death Will Affect Venezuelan Foreign Policy

Alex Sanchez

Regarding foreign policy, a critical question is what will become of Chávez’s pet project, the Bolivarian Alternative for the Americas (ALBA). This bloc is made up of nations whose presidents were friendly with Chávez, such as Ecuador’s Rafael Correa and Bolivia’s Evo Morales. President Correa recently said that the revolution was larger than one man and would continue even in the event of Chavez’s death. Nevertheless, it is debatable whether any of ALBA’s heads of state, including Maduro, are charismatic enough and have the same interest in the alliance to keep it afloat. 

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