Steady-State Economy: Venezuela

 

Notes

Wikipedia

• Crisis in Venezuela An ongoing socioeconomic and political crisis began in Venezuela during the presidency of Hugo Chávez and worsened under his successor Nicolás Maduro. It has been marked by hyperinflation, starvation,^[57] disease, crime, and mortality rates, resulting in massive emigration.^[58] Food shortages and hyperinflation have ended, but inflation remains high. It is the worst economic crisis in Venezuela's history and considered more severe than the Great Depression in the United States
• Economy of Venezuela a developing socialist economy strongly dependent on its natural resources. Its economic growth is closely linked to petroleum, as the country holds the largest crude oil supply in the world. Venezuela was historically among the wealthiest economies in South America, particularly from the 1950s to 1980s.
• Hyperinflation in Venezuela the currency instability in Venezuela that began in 2016 during the country's ongoing socioeconomic and political crisis. Venezuela began experiencing continuous and uninterrupted inflation in 1983, with double-digit annual inflation rates.
• Economic History of Venezuela a country located on the northern coast of South America. It is known for its large proven oil reserves. Venezuela was historically among the wealthiest economies in South America, particularly from the 1950s to 1980s.
• Politics of Venezuela conducted under what is nominally a federal presidential republic, but is in practice an authoritarian dictatorial government.
• How it All Went Wrong in Venezuela Aljazeera Documentary
• 2026 US Invasion of Venezuela On 3 January 2026, the United States launched a military strike in Venezuela and captured incumbent Venezuelan president Nicolás Maduro and his wife, Cilia Flores.^[12][13] The US operation, codenamed Operation Absolute Resolve, began around 2 a.m. local time, when explosions were observed.
• Steady State Economy an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time.

VEL20 Measurement Model

The three component state variables of the Venezuelan Economy explain 97.6% of the variation the underlying indicators: VE1 = (Overall Growth), VE2 = Unemployment Controller and VE3 = Environmental Controller.

VEL20 BAU Model

The VEL20 BAU Model is stable.