|
Dakazo
''Dakazo'' refers to a set of actions taken by the Venezuelan government forcing consumer electronic retail stores, with Daka being the most prominent, to sell products at much lower prices on 8 November 2013, weeks before municipal elections. The forced Daka price changes helped Venezuela's ruling party, PSUV, win in some of the municipal elections, though the massive sale of goods caused further shortages in the months following the initiative. Etymology The word ''Dakazo'' is the name of the retail store, Daka, plus the ''-azo'' suffix, which denotes a violent knock. Its translation could therefore be "the Daka smash". (see Spanish nouns: Other suffixes.) Following the initial event in 2013, similar occurrences of forced price cuts upon Venezuelan retail stores by the Venezuelan government were referred to as ''Dakazos'' due to the similarity of the situations. Background In 2013, Venezuela was facing multiple economic difficulties including shortages, high inflation and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2013 Venezuelan Municipal Elections
Municipal elections were held in Venezuela to elect 337 mayors and 2,455 local councillors for their respective 2013-2017 terms. Originally planned for 14 April 2013, due to the death of President Hugo Chávez and the announcement of a new presidential election to be held on that date, the municipal elections were rescheduled for 8 December 2013. That date, 8 December 2013, was later announced by the president of the National Electoral Council, Tibisay Lucena. Conduct President Nicolas Maduro, Chávez's successor and head of the GPP, utilized public resources to support GPP candidates. Public resources included workers, facilities and government funding. ''El Dakazo'' To build support for GPP candidates, President Maduro declared on 8 November 2013 the military occupation of Daka consumer stores which later evolved into similar operations involving other stores. The government forced price cuts upon private businesses and as a result, GPP saw increased approval. Head of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crisis In Venezuela
The crisis in Venezuela is an ongoing socioeconomic and political crisis that began in Venezuela during the presidency of Hugo Chávez and has worsened in Nicolás Maduro's presidency. It has been marked by hyperinflation, escalating starvation, disease, crime and mortality rates, resulting in massive emigration from the country. The situation is by far the worst economic crisis in Venezuela's history, and is also the worst facing a country in peacetime since the mid-20th century. The crisis is often considered to be more severe than that of the United States during the Great Depression, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. Other writers have also compared aspects of the crisis, such as unemployment and GDP contraction, to that of Bosnia and Herzegovina after the 1992–1995 Bosnian War, and those in Russia, Cuba and Albania following the collapse of the Eastern Bloc in 1989 and the dissolution of the Soviet Union in 1991.* ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalism
Capitalism is an economic system based on the private ownership of the means of production and their operation for profit. Central characteristics of capitalism include capital accumulation, competitive markets, price system, private property, property rights recognition, voluntary exchange, and wage labor. In a market economy, decision-making and investments are determined by owners of wealth, property, or ability to maneuver capital or production ability in capital and financial markets—whereas prices and the distribution of goods and services are mainly determined by competition in goods and services markets. Economists, historians, political economists and sociologists have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include ''laissez-faire'' or free-market capitalism, anarcho-capitalism, state capitalism and welfare capitalism. Different forms of capitalism feature varying ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Venezuela
The economy of Venezuela is based primarily on petroleum, making the country the 25th largest producer of oil in the world and the 8th largest member of OPEC. Venezuela also manufactures and exports heavy industry products such as steel, aluminum, and cement. Other notable manufacturing includes electronics and automobiles as well as beverages and foodstuffs. Agriculture in Venezuela accounts for approximately 4.7% of GDP, 7.3% of the labor force and at least one-fourth of Venezuela's land area. Venezuela exports rice, corn, fish, tropical fruit, coffee, pork and beef. Venezuela has an estimated USD$14.3 trillion worth 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. Since the 1920s, Venezuela has been a rentier state, offering oil as its main export. From the 1950s to the early 1980s, the Venezuelan economy experienced a steady growth that attrac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Policy Of The Nicolás Maduro Government
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. How ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PanAm Post
The ''PanAm Post'' is a conservative libertarian and anti-socialist news and opinion website launched in 2013 by Luis Henrique Ball Zuloaga. It publishes Spanish and English news, investigations, and opinion from a free market perspective and "in the tradition of pan-Americanism." The outlet is based is in Miami, Florida. History The site was founded in 2013 by Luis Henrique Ball Zuloaga, the third cousin of Venezuelan opposition politician María Corina Machado. Ball stated that ''PanAm Post'' began as a project to counter the reporting of news outlets in Latin America that he believed had been "taken over by socialist ideas." While the platform was originally launched to offer news and analysis on Latin America for English-speaking audiences, by 2019 its content was primarily published in Spanish. Following its launch, former editor-in-chief Fergus Hodgson wrote that the ''PanAm Post'' was a new generation of journalists dedicated to bilingual coverage of social movements. Ho ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Christmas Season
The Christmas season or the festive season (also known in some countries as the holiday season or the holidays) is an annually recurring period recognized in many Western and other countries that is generally considered to run from late November to early January. It is defined as incorporating at least Christmas Day, New Year's Day, and sometimes various other holidays and festivals. It also is associated with a period of shopping which comprises a peak season for the retail sector (the "Christmas (or holiday) shopping season") and a period of sales at the end of the season (the "January sales"). Christmas window displays and Christmas tree lighting ceremonies when trees decorated with ornaments and light bulbs are illuminated are traditions in many areas. In Western Christianity, the Christmas season is synonymous with Christmastide, which runs from December 25 (Christmas Day) to January 5 ( Twelfth Night or Epiphany Eve), popularly known as the 12 Days of Christmas, or in t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics Problems In Venezuela 2
Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyzes the economy as a system where production, consumption, saving, and investment interact, and factors affecting it: employment of the resources of labour, capital, and land, currency inflation, economic growth, and public policies that have impact on these elements. Other broad distinctions within economics include those between positive economics, describing "what is", and normative economics, advocating "what ought to be"; between economic theory and applied economics; between rational and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
_per_capita_in_2020.png "Click for more on -> Economic Policy Of The Nicolás Maduro Government")
.jpg "Click for more on -> Christmas Season")
