SICAD II: Lost in Translation
Confused about SICAD II? Wondering whether the new currency exchange system really is a legal, market-based alternative to the black-market, or whether it just plays one on TV? Don’t...
Economy
The Petrocaribe Trap
A guest post by Alexis Caraballo, who makes her living as a Caribbean regional analyst. A failing economy, where everything for sale in the shops is imported, with dwindling foreign reserves...
The Petrocaribe Trap
A guest post by Alexis Caraballo, who makes her living as a Caribbean regional analyst. A failing economy, where everything for sale in the shops is imported, with dwindling foreign reserves...
Blackouts have not gone away
Venezuela plunged into an electricity crisis in 2009, one that has seen an endless amount of blackouts and hundreds of promises from the government to fix the state-owned...
The hidden numbers of Chávez's legacy, by @danielragua
(Friend of the blog Daniel Raguá sends us this corollary to Dorothy’s latest post) Never mind inflation, scarcity, and all the rest. Here are some hidden nuggest in...
Suggesting change may be as relevant as change itself
Over at Foreign Policy’s Transitions blog, I take a less pessimistic approach to SICAD II than Quico. The value added: “The new system is also much more transparent. The...
Why Exchange Rates and Interest Rates are the Al and Peg Bundy of Economic Policy
Did you hear? The government is going to liberalize the dollar-bolivar market! It’s huge news! On paper, the Convenio Cambiario #27 setting up what’s known locally as SICAD2 –...
A Caracas City Shuffle
Venezuela’s government is about to unleash the biggest economic reform set forth in the last 11 years. A currency market is about to be set in place, with far...
The Cadivi Barricades
Quico Toro, the founder of this blog, wrote an OpEd for yesterday’s New York Times in which he ponders the reasons for the massive protests currently rocking Venezuela....
The challenge of Venezuela's urban poverty
One of the things few of our politicians talk about is how to transform our slums into engines of growth. Sure, we talk about the barrios a lot...
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