, Research Paper
THE THIRD WORLD NATION OF VENEZUELA
Venezuela, officially Bolivarian Republic of Venezuela, is the 6th largest
state in South America, unique in landscape, vegetations, zoologies, and wild life that rivals the larger states in South America. In fact, due to it & # 8217 ; s uniqueness, Venezuela is every bit much a Caribbean state as it is a South American 1.
Venezuela lies at the northern extreme of South America, bordered by Columbia
to the West, Brazil to the South, Guyana to the East, and the Caribbean Sea to the North.
The state is merely over 900,000 square kilometres, divided into 23 provinces. The country
includes stretches of the Andes Mountains, immense countries of Amazonian rain forest, fertile fields, stat mis of Caribbean shoreline and even a little desert. The state besides has two
geographical superlatives, the universe & # 8217 ; s highest waterfall and South America & # 8217 ; s biggest lake. Because of its propinquity to the Equator, Venezuela experiences few climatic fluctuations, merely two seasons, dry [ December to April ] and wet [ May to November ] and an mean temperature of 27C.
Whatever economic development has occurred in Venezuela, is mostly due to
the tremendous natural resources of oil. The state was the universe & # 8217 ; s 3rd largest exporter
of oil, its 9th largest manufacturer of oil, and accounted for more oil militias than any other state in the Western Hemisphere. The national crude oil company, Venezulean Petroleum Corporation [ PDVSA ] , was besides the 3rd largest international pudding stone. In 1973 the Organization of Oil bring forthing states [ OPEC ] succeeded in raising the monetary value of oil drastically, a major encouragement to the economy.. If you meet a concern traveller in Venezuela, there & # 8217 ; s a sludge
vitamin D opportunity they work in the crude oil industry. Because of its huge mineral wealth, Venezuela in 1990 was poised to go an international leader in the export of coal, Fe, steel, and aluminium. Not defying the oil market, the state has embarked on a plan to develop it’s touristry industry, trusting to excel oil gross by the twelvemonth 2002. Agribusiness, Banking, and Fishing complete the list of the states major industries
Although the oil industry has generated great wealth, society remains aggressively
divided between rich and hapless. An elect category of business communities, oil-company technicians, and big landholders controls most of the state & # 8217 ; s resources, while a big figure of
unskilled urban labourers and rural farm workers live in comparative poorness.
As a upper-middle income, oil-producing state, Venezuela enjoyed the highest
criterion of life in Latin America. The state & # 8217 ; s gross domestic merchandise in 1988 was
about US $ 58 billion, or approximately US $ 3,100 per capita. Although the crude oil industry has dominated the Venezulean economic system since the 1920s, aluminium, steel, and petrochemicals are catching up.
Equally long as there is a category system dividing the rich from the hapless and
unstable authorities, and a high birth rate, the oil militias can non take the
state out of it & # 8217 ; s 3rd universe grouping with South America. Although touristry
can be tainted by corrupt politicians and drug trusts, the variegation may be
what Venezuela needs to maintain off International Welfare Assistance. Possibly the United States could come in into a & # 8220 ; trade & # 8221 ; understanding and barter for oil for assistance money. The distance between the two states may be shorter than the U.S. & # 8217 ; s Alaskan Pipeline.
