Venezuela is Suffering from the Ultimate Case of ‘Dutch Disease’

by Peter Farquhar, Business Insider Australia
Business Insider

The headline at ZeroHedge back in January said it all. “This is what the death of a nation looks like.”

It now seems inevitable that Venezuela, for decades touted as a “socialist paradise,” will disintegrate by the end of the year.

It’s the ultimate case of “Dutch disease,” a country now rotten from depending far too much on the export of a primary product and, as a result, facing a currency so bloated it can’t maintain productivity and competitiveness.

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