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The world's richest country in oil reserves is on the verge of becoming a failed state. After more than a half-century of social harmony funded by oil revenue, a socialist variant of caudillismo has run the country into the ground. Yet political changes are blocked by a determined military junta, awash in drug money and cemented by the threat of U.S. indictments. How long can Venezuela stay on the brink?
Professor Stefan Hedlund
Huge demonstrations have been mounted across Argentina to protest at government policies which have seen rapid inflation, rising crime and government control on currency exchange and financial transactions. The government is also feeling the heat on the international front as the costs of economic mismanagement ten years ago come home to roost.
Dr. Joseph S. Tulchin
World growth is forecast to slow - held back by the crisis in the eurozone. But of all the world’s regions only the eurozone will face negative growth in 2012, says the World Bank and its impact will only be relatively modest on the world economy. However, the turmoil of the past year has more to do with politics than economics, writes GIS expert Ambassador Terry M...
Ambassador Terry Miller