Charismatic leader Hugo Chavez halved poverty levels in Venezuela using the country’s oil wealth to implement social programmes and give subsidised energy to his allies abroad. His death will leave a vacuum in Venezuela and in regional politics and pose economic challenges for countries which relied on his generosity.
THE death of Venezuela’s President Hugo Chavez will have a major impact on his country, on Latin America and the world, but it will be hard to measure this for a few weeks.
President Chavez, 58, died on March 5, 2013, after almost two years of cancer treatment and operations in Cuba.
He had been in power for 14 years, since first being elected in...