Latin America

Venezuela was once South America’s richest country. Here's what went wrong

Inflation stood at an eye-watering 800% last year Image: REUTERS/Ueslei Marcelino

Callum Brodie
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Image: IMF; Reuters
Image: FactSet
Zulay Pulgar (C), 43, stands in line outside a hardware store, next to her son Emmanuel, 4, to buy cement and resell it in Punto Fijo, Venezuela November 17, 2016. Picture taken November 17, 2016. REUTERS/Carlos Garcia Rawlins - RTX2V6WX
Long queues outside shops is a common sight in Caracas Image: REUTERS/Carlos Garcia Rawlins
Venezuelan President Nicolas Maduro show his ballot as casts his vote at a polling station during the Constituent Assembly election in Caracas, Venezuela July 30, 2017. Miraflores Palace/Handout via REUTERS ATTENTION EDITORS - THIS PICTURE WAS PROVIDED BY A THIRD PARTY.     TPX IMAGES OF THE DAY - RTS19Q7S
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Latin AmericaGlobal GovernanceInequality
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