What’s going in Venezuela ?
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Transcript of What’s going in Venezuela ?
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WHAT’S GOING IN VENEZUELA?
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LEARNING OUTCOMES
-Understanding how geographical situation affect development
-The ability to have an intelligent conversation over Spring Break
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THINGS DON’T HAPPEN ALONE……they happen in CONTEXT:What is happening in a place is a result of forces operating concurrently at multiple scales.
Essentially, a country is not insular, but it is influenced by other countries.
It’s the whole reason we care about Venezuela, Hugo Chavez disliked Bush, etc.
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CONTEXT (CONT.)The CONTEXT of today, is a result of things that happened in the past.Colonialism is one of the greatest influences. Made the world capitalistic.
Neo-Colonialism:Politically independent, but the economy of former colonies is still controlled by colonial powers.
Indirectly still control a country through limiting business or investment.
What good is cotton if you have no one to sell it to?
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STRUCTURALIST THEORYStructuralist Theory: Points out that it is hard to change the world wide economy, it has a structure. Part of this structure is wealth centered in specific places (Core Countries, Developed Nations, Former Colonies) REMEMBER! Wealth begets wealth!!!
Development Theory:Part of what the structuralists say. Economic relationships between countries and regions control and limit the economic development possibilities of poorer areas. Example: Giving investment money to a country to build an oil drill.
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DOLLARIZATION…Dollarization:When other countries tie their money into a wealthy countries economy May switch over completely to the dollarMay tie the value of their currency into the dollar.
Dollarization furthers dependence on a foreign power.
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(DEBATABLY) OUR FRIEND HUGO CHAVEZ…
President of Venezuela 1999-2013 (died). Lot’s of love or hate for the guy.CommunistFamed for his dislike of the U.S.Famed for George W. Bush’s dislike of him Led a coup d’etat while in the military, failed, got
released and eventually elected president. Bush may or may not have tried to kill Chavez. http://www.youtube.com/watch?v=lOsABwCrn3E
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CONTEXT
Former colony. Venezuela has oil.Lot’s of it. In fact, the most. It maybe hiding some.Oil has value b/c people need/want oil.
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NO TO NEO-COLONIALISM
No.
• To Stop U.S. Involvement Chavez:• Nationalized oil and other industries in Venezuela
• Nationalize is government control (hence communism)• State run media sources/television• Lot’s and lot’s and lot’s and lot’s and lot’s and lot’s and lot’s of money from oil.
• Money from oil is state money.• Used money to fund social programs and reduce
poverty.• Limited use and import of foreign money
(dollarization)
• Felt the U.S. was trying to control Venezuela• Because they wanted greater say in oil.
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…AND THEN CHAVEZ DIEDPresident Nicolas MaduroPolitical Successor to ChavezHand Chosen By ChavezWon election by NARROW marginWas member of government when ran for office Remember: Government controlled media
Inherited some significant problemsRising inflation Economy ENTIRELY dependent on price of oil
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THE LAST WEEK IN VENEZUELAProtests began by studentsWanting: 1) More Security, 2) More Goods, & 3) Freedom of speech
3 Students Killed By Pro-GovernmentAnti-Government GroupPushing for President to Resign
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THIS WEEK CONT.Current President Nicolas Maduro Blames U.S. for inciting rebellionU.S. Diplomats were kicked out as a result
The “Oppossition” to MaduroBiggest name: Leopoldo LopezEncouraging ProtestsGovernment has tried to arrest
We will have to see how it unfolds….