Brief: Baby Steps in Venezuela

Measures from the past week are the incremental ones need to eventually open the economy to outsiders.

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Background: For decades, oil has been the linchpin of Venezuela’s economy and an important tool in its foreign policy. As its energy sector has faltered in recent years, thanks to government mismanagement and U.S. sanctions, so too has the Venezuelan economy. What Happened: Venezuelan President Nicolas Maduro met with the leader of the National Assembly […]

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