Don't Blame Washington for Venezuela's Oil Woes: A Rebuttal

May 2, 2019

Ricardo Hausmann and Frank Muci - Americas Quarterly

On August 2017, the White House imposed financial sanctions on Venezuela, limiting its access to U.S. financial markets. Shortly after, Venezuela’s economy and oil sector collapsed. ​Economists Mark Weisbrot, co-director of the Center for Economic and Policy Research, and Jeffrey Sachs conclude​ ​that the sanctions caused the collapse and human suffering that followed. Is this persuasive?...

Read more about Don't Blame Washington for Venezuela's Oil Woes: A Rebuttal

Understanding Venezuela's Collapse

February 12, 2019

Ricardo Hausmann - Harvard Gazette

Thousands of angry demonstrators in Venezuela took to the streets again this week to protest the government of President Nicolás Maduro, two weeks after he was sworn in for a second term following an election that many critics say was rigged. The protests were organized by opposition leader Juan Guaidó, president of the National Assembly, who has declared himself acting president.

Once one of the richest countries in Latin America with the world’s largest oil reserves, Venezuela has been in political, economic, and...

Read more about Understanding Venezuela's Collapse