Economic Progress

Venezuela was once twelve times richer than China. What happened?

Pro-government supporters holding a Venezuela's flag attend a rally against U.S President Donald Trump in Caracas, Venezuela August 14, 2017. REUTERS/Ueslei Marcelino - RC1C4C85F820

Over-reliance on oil was in many ways the countries biggest downfall. Image: REUTERS/Ueslei Marcelino

Jeff Desjardins
Founder and editor, Visual Capitalist
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