Was
Chavez bad for Venezuela?
In
her article Megan
McArdle writes that even though Hugo Chavez was a strongman he had very profound anti-democratic
policies. She contends that his economic policies were very detrimental to
Venezuelan’s future.
Even
though Chavez's government made considerable developments in the education
sector but the poverty rates have fallen. One of the worst things he did to the
Venezuelan economy.
This graph
is from the The Economist. Even though the
economy doesn’t look too bad here but the growth is not great as it should be
considering Venezuela is an oil producing company.
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This
article suggests that they're pumping less oil than they used to, hence Venezuela's
oil output has fallen by almost a third since Chavez took power. That's
why Venezuelan economic growth is pretty underwhelming.
This sums up that Chavez was not very good for Venezuela' economy.
Article:
http://www.thedailybeast.com/articles/2013/03/07/why-hugo-chavez-was-bad-for-venezuela.html
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