Venezuela is doing alright. And before we go any further we’re not talking politics here, okay? No choices of colour for your shirt, no clenched fists, no TV channels, no cracks about ‘devils’, no students, no mass rallies. No politics at all. Not even going to mention the name of that guy over there. You know…begins with the letter “C”.
Here’s the link http://www.cepr.net/documents/publications/venezuela_2007_07.pdf to an excellent report on the current macroeconomic state of Venezuela written by Mark Weisbrot, economics Ph.D and co-director of the Center for Economic and Policy Research (CEPR).
Anybody who is interested in the economic situation of Latin America should read this report with an open mind. Weisbrot addresses the issues and to a greater extent does not fall into the trap of politicizing the economic figures. He notes the good and bad parts of the current situation, which is refreshing. I also found it refreshing to see an economist say something out loud that this equities analyst has recognized for at least 2 years; that the foreign exchange rate policy is the greatest problem facing Venezuela’s economy, and not the much headlined and misunderstood rate of inflation or social spending.
I await constructive comments. If he’s right, tell me why. If he’s wrong, tell me why not. Just don’t bring your politics to the table, people.