Venezuela | DIO på HHX

Problemformulering
What are the most important socio-economic factors behind Venezuela’s current emigration crisis and what are the economic consequences in regional terms?

1. An account of relevant aspects of Venezuela's history in the period from 1998-now leading to the current emigration crisis, and a brief account of the current regional economic situation.
2. An analysis of the relevant socio-economic developments in Venezuela recent years and an analysis of the consequences thereof.
3. A discussion of the differences between the economic consequences of Venezuela’s large emigration and the corresponding economic consequences of the regional immigration.

Indledning
Venezuelan economy is in rapid decline. The Venezuelan emigration crisis is one of Latin America’s biggest migration crisis in decades. It is therefore very interesting to investigate the connection between the socio-economic developments and emigration.

I will therefore be investigating the following: What are the most important socio-economic factors behind Venezuela’s current emigration crisis and what are the economic consequences in regional terms?

I will answer this by first accounting for relevant aspects of Venezuela's history in the period from 1998-now, followed by a brief account of the current regional economic situation.

I will then analyze the relevant socio-economic developments in Venezuela for the recent years and look at how this has affected the domestic and regional community.

From this, I will be discussing the differences in the economic consequences of Venezuela’s large emigration and the corresponding economic consequences of the regional immigration.

Indholdsfortegnelse
Introduction
Methodology
Answers of problem statement
1. An account of relevant aspects of Venezuela's history in the period from 1999-now leading to the current emigration crisis, and a brief account of the current regional economic situation.
2. An analysis of the relevant socio-economic developments in Venezuela recent years and an analysis of the economic consequences thereof.
3. A discussion of the differences between the economic consequences of Venezuela’s large emigration and the corresponding economic consequences of the regional immigration.
Conclusion
Bibliography
Appendices
Appendix 1 – Venezuela GDP annual growth rate
Appendix 2 – Employment rates for regional community
Appendix 3 – Cost-push inflation
Appendix 4 – PPC curve
Appendix 5 – LRAS shift

Uddrag
To answer my problem statement, I have chosen the subjects International Economics and History.

These subjects have been chosen since the International Economics models and theories are useful to analyze the economic development in the country, which together with the historical method of causality, will present the relation between the economic situation and emigration crisis.

For the first question of the problem statement I have chosen to limit the time period from 1998 to now since 1998 was the year Hugo Chávez won the Venezuelan election and later introduced a number of reforms, shaping the Venezuelan economy to the current situation, leading to this mass emigration.

Furthermore, I have chosen to limit the regional community to Colombia since Colombia is the largest receiver of Venezuelan immigrants, and it is therefore also the country with most available data regarding the emigration.

I have used the International Economics models such as the PPC and AD/AS curves and the economic theories to explain the economic development and consequences of emigration. For my analysis, I have mainly focused on the three macroeconomic objectives: price stability, economic growth and employment.

The history methods mainly appear through causality, where the background and causes for the emigration crisis is explained through political and economic developments, and how these developments are affecting the emigration.

I have also done a source critical analysis in question two. I have been critical towards all data used for this assignment, especially since it is the Venezuelan economy it is addressing.

I have been aware of the high possibility of manipulation of the figures, and therefore only used highly reliable sources such as worldbank.org.

For instance, when looking at the unemployment rate in Venezuela, I chose to use the ILO estimate and not the national estimate. I have also cross-checked all my quantitative data by comparing numbers from different sources.

For many figures, inflation rate for instance, it has been difficult to find coherent numbers, since it changes constantly due to the government’s attempt at devaluating the currency. For the inflation rates I have therefore chosen to use IMF as my source throughout the analysis.

I have been working inductive by analyzing the Venezuelan economy and trying to find a general coherence between emigration and its consequences.

I have also been working deductive when I for example applied the general inflation ‘laws’ on Venezuela’s inflation problem. I have used both qualitative data, interviews for example, and quantitative data, like statistics.

I have not included a reflection as this will be presented at the exam.

Sådan får du adgang til hele dokumentet

Byt til nyt Upload en af dine opgaver og få adgang til denne opgave
  • Opgaven kvalitetstjekkes
  • Vent op til 1 time
  • 1 Download
  • Minimum 10 eller 12-tal
Premium 39 DKK pr måned
  • Adgang nu og her
  • 20 Downloads
  • Ingen binding
  • Let at opsige
  • Adgang til rabatter
  • Læs fordelene her
Få adgang nu