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In March 2019, The Wall Street Journal reported that the "collapse of Venezuela's health system, once one of the best in Latin America, has led to a surge in infant and maternal mortality rates and a return of rare diseases that were considered all but eradicated. Health officials say malaria, yellow fever, diphtheria, dengue and tuberculosis ...
The Venezuelan coup attempt of February 1992 was an attempt to seize control of the government of Venezuela by the Hugo Chávez-led Revolutionary Bolivarian Movement-200 (MBR-200) that took place on 4 February 1992. [3]
Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef. Venezuela has an estimated US$14.3 trillion worth [28] of natural resources and is not self-sufficient in most areas of agriculture. Exports accounted for 16.7% of GDP and petroleum products accounted for about 95% of those exports. [29]
A failed coup d'état on 11 April 2002 saw the president of Venezuela, Hugo Chávez, ousted from office for 47 hours before being restored to power.Chávez was aided in his return to power by popular support and mobilization against the coup by loyal ranks in the military.
Obama issued a presidential order on 9 March 2015 declaring Venezuela a "threat to [U.S.] national security", and ordered the Treasury Department to freeze property and assets of seven Venezuelan officials [21] [22] it held responsible for human rights abuses, repression and at least 43 deaths during demonstrations. [23]
The Coordinadora Democrática, led by the business federation Fedecámaras and the trade union federation Confederación de Trabajadores de Venezuela (CTV), called for a fourth paro cívico, which turned out to be the most serious, and is known as the 2002–2003 oil strike, to begin on 2 December 2002. The opposition also called a recall ...
The Wall Street Journal said in January 2019 that economists place the blame for Venezuela's economy shrinking by half on policies of the Maduro administration, "including widespread nationalizations, out-of-control spending that sparked inflation, price controls that led to shortages, and widespread graft and mismanagement". [278]
Previously, the country was an underdeveloped exporter of agricultural commodities such as coffee and cocoa, but oil quickly came to dominate exports and government revenues. The excesses and poor policies of the incumbent government led to the collapse of Venezuela's entire economy.