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In 2001 the economic growth suffered from negative
repercussions. The results were really low,
Venezuela had regressed more than 7%, imports
dropped by 3.4% compared to 1998 and the PIB by 6%
compared to 1997. Political
Status Piranha
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The economic level is sustained by foreign
investors who show a general confidence in the
future of the South American countries where the
governments continue to open up the economies.
Venezuela did not get as much capital investment
last year, only 1.2 billion dollars, due to
violence and crisis
situations.
[To
read]
Despite mergers between private companies and
Petroleos (PDVSA, the public Venezulan company) to
create joint companies, the state still has control
of this sector.
[To
read]
Caracas
:
Caracas
is the capital of Venezuela with 3.8 million
inhabitants, more than half of whom live in
shantytowns. It is 24 kms from the sea which
separates the town from the Sierra Del Avila (in
the Miranda region). It has an airport : Maiquetia.
Barquisimeto is a big commercial centre situated at
an altitude of 566 meters and has a population of
430,000 inhabitants. [To
read]
What questions you should ask yourself before going
to live abroad:
What
job am I going to do? How long is the contract? Do
I go alone or with the family? What is life like
locally? What will I do when I get back, and how
does the future shape up economically? Do I have
all the qualities required in an
expatriate?
[To
read]
Venezuela is a federal pluralist state. It is a
republic with a semi-presidential regime, the Head
of State is Mr Hugo Chavez who is President of the
Republic.
The president is elected by general election for a
5 year term of office.
There is a Chamber of Representatives composed of
200 members and 46 senators also elected by general
election for a 5 year period.
A few historical dates :
1830 Independence of Venezuela
2nd February 1984 M. Lusinchi, a social democrat,
was elected President
4th December 1988 M. Carlos Andres Perez was
elected President
21st May 1993 M. Carlos Andres Perez was prosecuted
for the embezzlement of government stocks.
He was replaced by Ramon Velasquez.
31th August 1993 The congress official removed
President Andres Perez from office.
5th December 1993 M. Rafael Caldera (78 ) was
elected President.
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