How to cite this journal: Author, Date of the post, WMO Conflict Insight, Title of the post, ISSN: 2628 6998, https://worldmediation.org/journal/ ABSTRACT * This article explains the Venezuelan humanitarian crisis primarily through the lens of the resource curse, the paradox by which states rich in natural resources tend toward weak institutions, concentrated power, corruption and vulnerability to price shocks. Venezuela, dependent on oil and gas for some 98 percent of export earnings and half of its gross domestic product, is presented as the archetypal petrostate. The author traces the sequence from
the death of Hugo Chávez and the collapse of oil prices in 2014, through monetary expansion and hyperinflation,…
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