5
20/1/2016 In graphics: a political and economic guide to Venezuela: Venezuela: a nation in a state | The Economist http://www.economist.com/blogs/graphicdetail/2016/01/graphicspoliticalandeconomicguidevenezuela 1/5 Our cookie policy has changed. Review our cookies policy for more details and to change your cookie preference. By continuing to browse this site you are agreeing to our use of cookies. × More from The Economist My Subscription Log in or register Subscribe World politics Business & finance Economics Science & technology Culture Blogs Debate Multimedia Print edition Jan 19th 2016, 15:24 BY THE DATA TEAM In graphics: a political and economic guide to Venezuela Venezuela: a nation in a state OF ALL the unflattering words used to describe the state of the country he governs, "disaster" is the one Venezuela's president, Nicolás Maduro, dislikes the most. Perhaps that is because it is so apt. Under his watch, the nation has entered a steep decline. Mr Maduro has restricted the publication of official economic figures. Those that have been divulged confirm that 2015 was a very bad year. And 2016 is going to be worse. A global oil boom, which provided Hugo Chávez, Mr Maduro's populist predecessor, money to lavish on Venezuela's once neglected poor, is over. Mr Maduro has failed to persuade voters that he is a worthy heir. In a parliamentary election on December 6th 2015 the opposition Democratic Unity alliance (MUD) won twothirds of the seats, the first time it has won a national election since Chávez came to power in 1999. Mr Maduro’s approval rating Graphic detail Charts, maps and infographics Previous Next Latest Graphic detail All latest updates About Graphic detail A new chart or map every working day, interactivedata features and links to interesting sources of data around the web Follow us on Twitter @EconDailyCharts RSS feed Advertisement Comment (22) Timekeeper reading list Email Reprints & permissions Print

In Graphics_ a Political and Economic Guide to Venezuela_ Venezuela_ a Nation in a State _ the Economist

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2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 15

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World politics Business amp finance Economics Science amp technology Culture Blogs Debate Multimedia Print edition

Jan 19th 2016 1524 BY THE DATA TEAM

In graphics a political and economic guide to Venezuela

Venezuela a nation in a state

OF ALL the unflattering words used to describe the state of the country he governsdisaster is the one Venezuelas president Nicolaacutes Maduro dislikes the most Perhaps thatis because it is so apt Under his watch the nation has entered a steep decline MrMaduro has restricted the publication of official economic figures Those that have beendivulged confirm that 2015 was a very bad year And 2016 is going to be worse

A global oil boom which provided Hugo Chaacutevez Mr Maduros populist predecessor moneyto lavish on Venezuelas once neglected poor is over Mr Maduro has failed to persuadevoters that he is a worthy heir In a parliamentary election on December 6th 2015 theopposition Democratic Unity alliance (MUD) won twoshythirds of the seats the first time it haswon a national election since Chaacutevez came to power in 1999 Mr Madurorsquos approval rating

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2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 25

is not much above 20 The new National Assembly is now engaged in a power strugglewith the regime Venezuelas Supreme Court which can be counted on to side with thegovernment has ruled that three opposition MPs cannot be sworn in depriving the MUD ofits supermajority

The price of oil which provides 95 of Venezuelarsquos foreignshyexchange earnings has longdictated the popularity of its leaders The governments income from oil in the year toNovember 2015 was twoshythirds lower than during the same period the year before The oilprice has fallen further since then With less money coming in and demand for imports stillstrong the value of Venezuelas foreignshyexchange reserves has dropped alarmingly A fallduring 2015 in the price of gold of which Venezuela has substantial holdings hascontributed to the decline in reserves

The current oil slump would be painful whoever was in power The regime has greatlycompounded the damage with policies that though designed to favour the poor end upimpoverishing them and the state Price controlsmdashalong with the shortage of foreignexchangemdashhave led to acute shortages of basic goods forcing people to queue for hoursto buy necessities Inflation is officially running at 141 as of September last year (the latestavailable figure) Analysts believe the true figure is at least 200 a year some predicthyperinflation in 2016 The massive budget deficit which the Central Bank finances byprinting money contributes to that risk

The government has tried to hold down prices with a Rube Goldberg system of exchangecontrols Venezuela has three legal exchange rates including one that values the boliacutevar at635$ Venezuelans with connections in the government can obtain dollars at thisridiculously cheap rate a major source of corruption But in the unofficial market the boliacutevaris worth around 130 times less The market dollar value of most Venezuelans pay is thus

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The digital music industry New andinteresting music is harder to findProspero | Jan 20th 1156

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2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 35

pitifully low Although the official price of goods is correspondingly cheap many areavailable only at inflated prices in the black market

To date Venezuela has given priority to paying its foreign debts The government hasapparently decided that default however tempting would be too costly Many ofVenezuelas assets outside the country (including refineries and oil tankers) could beseized by creditors Venezuelas restricted access to credit would be diminished evenfurther if it defaulted Although a series of multlshybillion dollar loans from China repaid in oilare helping stave off a crisis a default may be unavoidable if oil prices do not recover in2016 The IMF estimates that Venezuelas GDP shrank by about 10 in 2015 making it theworlds worst performing economy The government admits the contraction was 71 up tothe third quarter of 2015 Whatever the true figure the sharp recession is undermining oneof the regimes proudest claims that under its rule Venezuelas poverty has fallen Extremepoverty has indeed declined under chavismo (as it has done worldwide) but not as muchas the government contends Peru has made greater progress than Venezuela whereoverall (rather than extreme) poverty has stayed stubbornly static since 2000

In January 2016 Mr Maduro appointed a neweconomics team but there are doubts aboutits willingness to tackle the nations troublesThe minister in overall charge of theeconomy Luis Salas is a leftshywingsociologist who like others in thegovernment attributes the countrysproblems to an economic war He rejectssome basic tenets of conventionaleconomics for example that printing toomuch money causes inflation The newfinance minister Rodolfo Medina is thoughtto be more pragmatic Recent surveys haveshown that alongside the economy andshortages security is a major concern Thegovernment stopped publishingcomprehensive crime statistics in 2005though it does admit there is a problem Theattorneyshygeneral has said that Venezuelasmurder rate last year was 62 per 100000people ten times the global average The Venezuelan Violence Observatory anindependent research institute says the rate is higher The murder rate in Caracas is thehighest in the region for a countrys biggest city Countrywide 90 of murders gounpunished

The government tries to keep ordinaryVenezuelans ignorant of such demoralisingfacts through its domination of the mediaChaacutevez began the process of shutting downthe free press Mr Maduro has continued itOnly one national newspaper is relativelyindependent State television is filled withhours of proshygovernment propaganda MrMaduro his wife Cilia Flores and the formerhead of the National Assembly DiosdadoCabello all have their own weekly televisionshows Opposition politicians several ofwhom have been imprisoned depend uponsocial media to get their message out

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2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

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Daily dispatches Chinarsquosmarket mess

The Economist explainsHow relations betweenCatholics and Jews haveimproved

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Although the regime has made that asdifficult as it can the oppositionrsquos election victory in December shows that democracy is stillalive

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Safeguarding nuclearmaterials from theft and

cybershysabotage How safeare countriesrsquo nuclear

Next

Daily dispatches Chinarsquosmarket mess

Share 66 10

Immigration policy Obamarsquosimmigration orders to be scrutinised bythe Supreme Court

bull The Economist explains The worriesabout Chinarsquos slowing growth

bull

The Economist explains Whathappened in the Thirty Years War

bull Tidying up The lifeshychanging magic ofsimplistic solutions to complex problems

bull

Easy on the ears Podcasts are gainingaudience but have yet to attract thebiggest advertisers

bull The origin of coal The rock that rockedthe world

bull

2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 55

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2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 25

is not much above 20 The new National Assembly is now engaged in a power strugglewith the regime Venezuelas Supreme Court which can be counted on to side with thegovernment has ruled that three opposition MPs cannot be sworn in depriving the MUD ofits supermajority

The price of oil which provides 95 of Venezuelarsquos foreignshyexchange earnings has longdictated the popularity of its leaders The governments income from oil in the year toNovember 2015 was twoshythirds lower than during the same period the year before The oilprice has fallen further since then With less money coming in and demand for imports stillstrong the value of Venezuelas foreignshyexchange reserves has dropped alarmingly A fallduring 2015 in the price of gold of which Venezuela has substantial holdings hascontributed to the decline in reserves

The current oil slump would be painful whoever was in power The regime has greatlycompounded the damage with policies that though designed to favour the poor end upimpoverishing them and the state Price controlsmdashalong with the shortage of foreignexchangemdashhave led to acute shortages of basic goods forcing people to queue for hoursto buy necessities Inflation is officially running at 141 as of September last year (the latestavailable figure) Analysts believe the true figure is at least 200 a year some predicthyperinflation in 2016 The massive budget deficit which the Central Bank finances byprinting money contributes to that risk

The government has tried to hold down prices with a Rube Goldberg system of exchangecontrols Venezuela has three legal exchange rates including one that values the boliacutevar at635$ Venezuelans with connections in the government can obtain dollars at thisridiculously cheap rate a major source of corruption But in the unofficial market the boliacutevaris worth around 130 times less The market dollar value of most Venezuelans pay is thus

Videographics

Follow The Economist

Latest updates raquo

Rifts in the Rift Election tensions arealready rattling Kenyarsquos mostMiddle East and Africa | 26 mins ago

The road ahead Is Islamic State comingto IsraelMiddle East and Africa | 1 hour 6 mins ago

Guessing game A new type of predictionmarketBusiness and finance | 3 hours 16 mins ago

The digital music industry New andinteresting music is harder to findProspero | Jan 20th 1156

Daily dispatches Chinarsquos market messGraphic detail | Jan 20th 1153

Easy on the ears Podcasts are gainingaudience but have yet to attractBusiness and finance | Jan 20th 1035

The Economist explains How relationsbetween Catholics and Jews haveThe Economist explains | Jan 20th 0539

More latest updates raquo

Most commented

2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 35

pitifully low Although the official price of goods is correspondingly cheap many areavailable only at inflated prices in the black market

To date Venezuela has given priority to paying its foreign debts The government hasapparently decided that default however tempting would be too costly Many ofVenezuelas assets outside the country (including refineries and oil tankers) could beseized by creditors Venezuelas restricted access to credit would be diminished evenfurther if it defaulted Although a series of multlshybillion dollar loans from China repaid in oilare helping stave off a crisis a default may be unavoidable if oil prices do not recover in2016 The IMF estimates that Venezuelas GDP shrank by about 10 in 2015 making it theworlds worst performing economy The government admits the contraction was 71 up tothe third quarter of 2015 Whatever the true figure the sharp recession is undermining oneof the regimes proudest claims that under its rule Venezuelas poverty has fallen Extremepoverty has indeed declined under chavismo (as it has done worldwide) but not as muchas the government contends Peru has made greater progress than Venezuela whereoverall (rather than extreme) poverty has stayed stubbornly static since 2000

In January 2016 Mr Maduro appointed a neweconomics team but there are doubts aboutits willingness to tackle the nations troublesThe minister in overall charge of theeconomy Luis Salas is a leftshywingsociologist who like others in thegovernment attributes the countrysproblems to an economic war He rejectssome basic tenets of conventionaleconomics for example that printing toomuch money causes inflation The newfinance minister Rodolfo Medina is thoughtto be more pragmatic Recent surveys haveshown that alongside the economy andshortages security is a major concern Thegovernment stopped publishingcomprehensive crime statistics in 2005though it does admit there is a problem Theattorneyshygeneral has said that Venezuelasmurder rate last year was 62 per 100000people ten times the global average The Venezuelan Violence Observatory anindependent research institute says the rate is higher The murder rate in Caracas is thehighest in the region for a countrys biggest city Countrywide 90 of murders gounpunished

The government tries to keep ordinaryVenezuelans ignorant of such demoralisingfacts through its domination of the mediaChaacutevez began the process of shutting downthe free press Mr Maduro has continued itOnly one national newspaper is relativelyindependent State television is filled withhours of proshygovernment propaganda MrMaduro his wife Cilia Flores and the formerhead of the National Assembly DiosdadoCabello all have their own weekly televisionshows Opposition politicians several ofwhom have been imprisoned depend uponsocial media to get their message out

Advertisement

Economist blogsBagehots notebook | British politicsButtonwoods notebook | Financial marketsDemocracy in America | American politicsErasmus | Religion and public policyFree exchange | EconomicsGame theory | SportsGraphic detail | Charts maps and infographicsGulliver | Business travelProspero | Books arts and cultureThe Economist explains | Explaining the world daily

Products and events

Test your EQTake our weekly news quiz to stay on top of theheadlines

Want more from The EconomistVisit The Economist eshystore and yoursquoll find a rangeof carefully selected products for business andpleasure Economist books and diaries and muchmore

Advertisement

Immigration andasylumMigrant men andEuropean women

Refugees in Germany Colognersquos aftershocksTaiwans presidential election The formidablechallenge facing Taiwans first female presidentThe Republican contest A wasted vote for JebBushSquabbling Democrats Hillary Clintonharangues the Bern at the fourth Democraticdebate

1

23

4

5

2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 45

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View all comments (22) Add your comment

Daily dispatches Chinarsquosmarket mess

The Economist explainsHow relations betweenCatholics and Jews haveimproved

Guessing game A newtype of prediction market

Although the regime has made that asdifficult as it can the oppositionrsquos election victory in December shows that democracy is stillalive

More from the Economist

Previous

Safeguarding nuclearmaterials from theft and

cybershysabotage How safeare countriesrsquo nuclear

Next

Daily dispatches Chinarsquosmarket mess

Share 66 10

Immigration policy Obamarsquosimmigration orders to be scrutinised bythe Supreme Court

bull The Economist explains The worriesabout Chinarsquos slowing growth

bull

The Economist explains Whathappened in the Thirty Years War

bull Tidying up The lifeshychanging magic ofsimplistic solutions to complex problems

bull

Easy on the ears Podcasts are gainingaudience but have yet to attract thebiggest advertisers

bull The origin of coal The rock that rockedthe world

bull

2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 55

Senior Analyst(Humanitarian)

Jobseconomistcom

Director ofCorporateServices

Jobseconomistcom

Director ofCorporateServices

Jobseconomistcom

Associate DirectorDeputy Head of hellip

Jobseconomistcom

CHIEFUNDERWRITINGOFFICER

Jobseconomistcom

Special Tribunal forLebanon

Chief PublicInformation andCommuhellip

Jobseconomistcom

Copyright copy The Economist Newspaper Limited 2016 All rights reserved

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The Economist debatesLetters to the editorThe Economist Quiz

Bagehots notebookButtonwoods notebookDemocracy in AmericaErasmusFree exchangeGame theoryGraphic detailGulliverProsperoThe Economist explains

TopicsEconomics AshyZStyle guideThe World in 2016Which MBAMBA ServicesThe Economist GMAT TutorExecutive Education NavigatorReprints and permissions

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2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 35

pitifully low Although the official price of goods is correspondingly cheap many areavailable only at inflated prices in the black market

To date Venezuela has given priority to paying its foreign debts The government hasapparently decided that default however tempting would be too costly Many ofVenezuelas assets outside the country (including refineries and oil tankers) could beseized by creditors Venezuelas restricted access to credit would be diminished evenfurther if it defaulted Although a series of multlshybillion dollar loans from China repaid in oilare helping stave off a crisis a default may be unavoidable if oil prices do not recover in2016 The IMF estimates that Venezuelas GDP shrank by about 10 in 2015 making it theworlds worst performing economy The government admits the contraction was 71 up tothe third quarter of 2015 Whatever the true figure the sharp recession is undermining oneof the regimes proudest claims that under its rule Venezuelas poverty has fallen Extremepoverty has indeed declined under chavismo (as it has done worldwide) but not as muchas the government contends Peru has made greater progress than Venezuela whereoverall (rather than extreme) poverty has stayed stubbornly static since 2000

In January 2016 Mr Maduro appointed a neweconomics team but there are doubts aboutits willingness to tackle the nations troublesThe minister in overall charge of theeconomy Luis Salas is a leftshywingsociologist who like others in thegovernment attributes the countrysproblems to an economic war He rejectssome basic tenets of conventionaleconomics for example that printing toomuch money causes inflation The newfinance minister Rodolfo Medina is thoughtto be more pragmatic Recent surveys haveshown that alongside the economy andshortages security is a major concern Thegovernment stopped publishingcomprehensive crime statistics in 2005though it does admit there is a problem Theattorneyshygeneral has said that Venezuelasmurder rate last year was 62 per 100000people ten times the global average The Venezuelan Violence Observatory anindependent research institute says the rate is higher The murder rate in Caracas is thehighest in the region for a countrys biggest city Countrywide 90 of murders gounpunished

The government tries to keep ordinaryVenezuelans ignorant of such demoralisingfacts through its domination of the mediaChaacutevez began the process of shutting downthe free press Mr Maduro has continued itOnly one national newspaper is relativelyindependent State television is filled withhours of proshygovernment propaganda MrMaduro his wife Cilia Flores and the formerhead of the National Assembly DiosdadoCabello all have their own weekly televisionshows Opposition politicians several ofwhom have been imprisoned depend uponsocial media to get their message out

Advertisement

Economist blogsBagehots notebook | British politicsButtonwoods notebook | Financial marketsDemocracy in America | American politicsErasmus | Religion and public policyFree exchange | EconomicsGame theory | SportsGraphic detail | Charts maps and infographicsGulliver | Business travelProspero | Books arts and cultureThe Economist explains | Explaining the world daily

Products and events

Test your EQTake our weekly news quiz to stay on top of theheadlines

Want more from The EconomistVisit The Economist eshystore and yoursquoll find a rangeof carefully selected products for business andpleasure Economist books and diaries and muchmore

Advertisement

Immigration andasylumMigrant men andEuropean women

Refugees in Germany Colognersquos aftershocksTaiwans presidential election The formidablechallenge facing Taiwans first female presidentThe Republican contest A wasted vote for JebBushSquabbling Democrats Hillary Clintonharangues the Bern at the fourth Democraticdebate

1

23

4

5

2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 45

Classified ads

View all comments (22) Add your comment

Daily dispatches Chinarsquosmarket mess

The Economist explainsHow relations betweenCatholics and Jews haveimproved

Guessing game A newtype of prediction market

Although the regime has made that asdifficult as it can the oppositionrsquos election victory in December shows that democracy is stillalive

More from the Economist

Previous

Safeguarding nuclearmaterials from theft and

cybershysabotage How safeare countriesrsquo nuclear

Next

Daily dispatches Chinarsquosmarket mess

Share 66 10

Immigration policy Obamarsquosimmigration orders to be scrutinised bythe Supreme Court

bull The Economist explains The worriesabout Chinarsquos slowing growth

bull

The Economist explains Whathappened in the Thirty Years War

bull Tidying up The lifeshychanging magic ofsimplistic solutions to complex problems

bull

Easy on the ears Podcasts are gainingaudience but have yet to attract thebiggest advertisers

bull The origin of coal The rock that rockedthe world

bull

2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 55

Senior Analyst(Humanitarian)

Jobseconomistcom

Director ofCorporateServices

Jobseconomistcom

Director ofCorporateServices

Jobseconomistcom

Associate DirectorDeputy Head of hellip

Jobseconomistcom

CHIEFUNDERWRITINGOFFICER

Jobseconomistcom

Special Tribunal forLebanon

Chief PublicInformation andCommuhellip

Jobseconomistcom

Copyright copy The Economist Newspaper Limited 2016 All rights reserved

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Contact us

Help

My account

Subscribe

Print edition

Digital editions

Events

JobsEconomistcom

Timekeeper saved articles

United StatesBritainEuropeChinaAsiaAmericasMiddle East amp AfricaInternationalBusiness amp financeEconomicsMarkets amp dataScience amp technologySpecial reportsCultureMultimedia library

The Economist debatesLetters to the editorThe Economist Quiz

Bagehots notebookButtonwoods notebookDemocracy in AmericaErasmusFree exchangeGame theoryGraphic detailGulliverProsperoThe Economist explains

TopicsEconomics AshyZStyle guideThe World in 2016Which MBAMBA ServicesThe Economist GMAT TutorExecutive Education NavigatorReprints and permissions

The Economist Group raquoThe Economist Intelligence UnitThe Economist Intelligence UnitStoreThe Economist Corporate NetworkIdeas People MediaIntelligent Life magazineRoll CallCQEuroFinanceThe Economist Store

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2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 45

Classified ads

View all comments (22) Add your comment

Daily dispatches Chinarsquosmarket mess

The Economist explainsHow relations betweenCatholics and Jews haveimproved

Guessing game A newtype of prediction market

Although the regime has made that asdifficult as it can the oppositionrsquos election victory in December shows that democracy is stillalive

More from the Economist

Previous

Safeguarding nuclearmaterials from theft and

cybershysabotage How safeare countriesrsquo nuclear

Next

Daily dispatches Chinarsquosmarket mess

Share 66 10

Immigration policy Obamarsquosimmigration orders to be scrutinised bythe Supreme Court

bull The Economist explains The worriesabout Chinarsquos slowing growth

bull

The Economist explains Whathappened in the Thirty Years War

bull Tidying up The lifeshychanging magic ofsimplistic solutions to complex problems

bull

Easy on the ears Podcasts are gainingaudience but have yet to attract thebiggest advertisers

bull The origin of coal The rock that rockedthe world

bull

2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 55

Senior Analyst(Humanitarian)

Jobseconomistcom

Director ofCorporateServices

Jobseconomistcom

Director ofCorporateServices

Jobseconomistcom

Associate DirectorDeputy Head of hellip

Jobseconomistcom

CHIEFUNDERWRITINGOFFICER

Jobseconomistcom

Special Tribunal forLebanon

Chief PublicInformation andCommuhellip

Jobseconomistcom

Copyright copy The Economist Newspaper Limited 2016 All rights reserved

Sections

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Blogs Research and insights

Contact us

Help

My account

Subscribe

Print edition

Digital editions

Events

JobsEconomistcom

Timekeeper saved articles

United StatesBritainEuropeChinaAsiaAmericasMiddle East amp AfricaInternationalBusiness amp financeEconomicsMarkets amp dataScience amp technologySpecial reportsCultureMultimedia library

The Economist debatesLetters to the editorThe Economist Quiz

Bagehots notebookButtonwoods notebookDemocracy in AmericaErasmusFree exchangeGame theoryGraphic detailGulliverProsperoThe Economist explains

TopicsEconomics AshyZStyle guideThe World in 2016Which MBAMBA ServicesThe Economist GMAT TutorExecutive Education NavigatorReprints and permissions

The Economist Group raquoThe Economist Intelligence UnitThe Economist Intelligence UnitStoreThe Economist Corporate NetworkIdeas People MediaIntelligent Life magazineRoll CallCQEuroFinanceThe Economist Store

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Accessibility Privacy policy Cookies info Terms of use

2012016 In graphics a political and economic guide to Venezuela Venezuela a nation in a state | The Economist

httpwwweconomistcomblogsgraphicdetail201601graphicsshypoliticalshyandshyeconomicshyguideshyvenezuela 55

Senior Analyst(Humanitarian)

Jobseconomistcom

Director ofCorporateServices

Jobseconomistcom

Director ofCorporateServices

Jobseconomistcom

Associate DirectorDeputy Head of hellip

Jobseconomistcom

CHIEFUNDERWRITINGOFFICER

Jobseconomistcom

Special Tribunal forLebanon

Chief PublicInformation andCommuhellip

Jobseconomistcom

Copyright copy The Economist Newspaper Limited 2016 All rights reserved

Sections

Debate and discussion

Blogs Research and insights

Contact us

Help

My account

Subscribe

Print edition

Digital editions

Events

JobsEconomistcom

Timekeeper saved articles

United StatesBritainEuropeChinaAsiaAmericasMiddle East amp AfricaInternationalBusiness amp financeEconomicsMarkets amp dataScience amp technologySpecial reportsCultureMultimedia library

The Economist debatesLetters to the editorThe Economist Quiz

Bagehots notebookButtonwoods notebookDemocracy in AmericaErasmusFree exchangeGame theoryGraphic detailGulliverProsperoThe Economist explains

TopicsEconomics AshyZStyle guideThe World in 2016Which MBAMBA ServicesThe Economist GMAT TutorExecutive Education NavigatorReprints and permissions

The Economist Group raquoThe Economist Intelligence UnitThe Economist Intelligence UnitStoreThe Economist Corporate NetworkIdeas People MediaIntelligent Life magazineRoll CallCQEuroFinanceThe Economist Store

View complete site index raquo

Contact us Help About us Advertise with us Staff Books Careers Site index

Accessibility Privacy policy Cookies info Terms of use