🌎 Latin America Feb 3, 2015 · admin

Venezuela’s Post-Chávez Foreign Policy

Americas Quarterly
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Reading Time: < 1 minutePresident Nicolás Maduro inherited a dramatically changed country—and economic situation—when he came to power following Chávez’ death from cancer in 2013. Within a year of Maduro’s election in March 2013, oil prices had started a steady decline. And as investment in the industry also dropped, production fell to 2.62 million barrels per day (bpd) from 3.48 million bpd when Chávez was sworn in to office.1 To complicate matters, the rapidly deteriorating economy, combi

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