Venezuela, officially known as the Bolivarian Republic of Venezuela, is a country on the northern coast of South America. Here are some key points about Venezuela:
Geography
History
Economy
- Venezuela possesses the world's largest oil reserves and its economy has been heavily dependent on oil, making it one of the most oil-rich countries globally.
- Despite its oil wealth, economic mismanagement, political corruption, and international sanctions have led to economic crises including hyperinflation, shortages of basic goods, and widespread poverty.
Culture
Politics and Society
- Recent years have seen significant political turmoil with allegations of authoritarianism, human rights abuses, and electoral irregularities under the Maduro government.
- The country has experienced mass emigration due to the ongoing crisis, with millions of Venezuelans fleeing to other countries.
References
See Also