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

Aug 7, 2017

A man with a Venezuelan flag stands in a street after a strike called to protest against Venezuelan President Nicolas Maduro's government in Caracas, Venezuela, July 29, 2017. REUTERS/Ueslei Marcelino - RTS19OHZ

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

Image: REUTERS

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Latin America Global Governance Inequality

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