In addition to a sharp economic downturn, Venezuela faces a humanitarian crisis. The United States can do little to prevent a downward spiral, but it should take measures to mitigate the political, economic, and humanitarian consequences of a potential mass emigration.
Americas
Venezuela
References
Venezuela’s descent into economic and political chaos in recent years is a cautionary tale of the dangerous influence that resource wealth can have on developing countries.
This year, a deepening of the economic crisis and growing political instability in Venezuela was included as a top tier priority in the Center for Preventive Action’s annual Preventive Priorities Survey.
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U.S. administration is coming out on the wrong side of anti-corruption and migration in the hemisphere, with potentially lasting consequences for U.S.-Latin American relations.
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How much worse do things in Venezuela have to become before the world would be prepared to act?
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The answer to Venezuela’s crisis is not military intervention. The United States and neighboring countries should instead focus on a widespread diplomatic, financial, and humanitarian response.
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Political shifts and economic challenges in Latin America could either boost Latin America’s largest trade bloc or lead to its obsolescence.
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A presidential election in Venezuela, South Korean president Moon Jae-in meets President Donald Trump in Washington, the European Union’s General Data Protection Regulation goes into effect, and Britain’s Prince Harry marries American actress Meghan Markle.
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Venezuela is in the midst of an unprecedented economic and political crisis. During this event, panelists discuss the effects of this turmoil on the region, current U.S. and international policy towards Venezuela, and possible options to address the growing crisis.