Venezuelan Economiocal Situation - Research Paper Example

His leadership has been heavily protested ever since that time. The economic crisis in the country is exhibited by several problems that the country experiences. These problems are food shortages, lighting and communication problem, insecurity, political prisoners, government expropriations, poor US Venezuelan relationship and inflation and black market dominance. It is highly ironical that a rich country such as Venezuelan has no food. The daily battle of the country in search of food is not new but it is getting worse especially with the presence of the rainy season.

The country retailers have to battle flooded avenues, upturned manhole lids and heavy traffic jams in its quest for milk, oil, and sugar. Many of the locals in the country have a problem getting access to healthy food, not that they lack sufficient cash to afford them but the scarcity of the food makes them lack. This factor causes the little available food presented in the market to retail at extremely high prices leaving the low-income households at a disadvantage since they cannot afford. The locals of the country are forced to queue for long hours in a bid to purchase some of the low quality rice that is present in the country.

The spending of many hours in the queues just to buy food wastes plenty of time and many people prefer substituting the consumption of rice with manioc regardless of their quality. Venezuela used to produce high quality rice and excellent coffee but it stopped. The lack of the country’s staple food, rice, in the shelves explains the extent of food shortage in the country (Lopez). The government of Venezuela nationalized the lighting and communication sectors. They are no private firms in the sectors.

The government departments monopolize the lighting and communication sectors to the extent that exploit the country’s citizen. Since the government does not get