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Economy and finance, sustainability, growth, GDP, ecological tax systemsThe worrying situation in Venezuela!

Current Economy and Sustainable Development-compatible? GDP growth (at all costs), economic development, inflation ... How concillier the current economy with the environment and sustainable development.
Janic
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Re: The worrying situation in Venezuela!

Unread Messageby Janic » 13/01/18, 09:07

interesting report, but to analyze with care. The Chavez period was tied to the barrel of oil at 120 dollars and thus its economy. The decline at 50% could only provoke such a crisis. France has suffered a major crisis, too, upsetting our economy independently of the policies and of which we perceive the exit of the tunnel only gradually, always independently of the policies.
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Ahmed
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Re: The worrying situation in Venezuela!

Unread Messageby Ahmed » 13/01/18, 10:29

A long time ago,Raymond Barre already saw, he declared, the end of the tunnel ... : Lol: : Lol:
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Re: The worrying situation in Venezuela!

Unread Messageby Christophe » 14/01/18, 03:47

Janic wrote:interesting report, but to analyze with care. The Chavez period was tied to the barrel of oil at 120 dollars and thus its economy. The decline at 50% could only provoke such a crisis.


I do not think that the decline in crude is the explanation: the situation is worse today than before Venezuela became a major exporter of oil ... it is ajd the first world reserve!

So 50% of 120 is always better than 100% of 0 ... : Cheesy:

It would be necessary to find the curve of evolution of exports in $ ...
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Re: The worrying situation in Venezuela!

Unread Messageby sen-no-sen » 14/01/18, 12:25

Christophe wrote:
I do not think that the decline in crude is the explanation: the situation is worse today than before Venezuela became a major exporter of oil ... it is ajd the first world reserve!

So 50% of 120 is always better than 100% of 0 ... : Cheesy:

It would be necessary to find the curve of evolution of exports in $ ...


The principle is the same in Venezuela, Iran and in another form in Saudi Arabia, the decline in the price of crude, that is to say their main rent causes a sharp rise in products of daily life.
If the situation is worse now than before its countries become exporters it is simply because of the adaptation of the economy to this monopolistic source. This is like a kind of sudden withdrawal from which the socio-economic system economic is not suitable.
In Iran, for example, the price of gas and electricity has increased by 25% in a few weeks and the oil price of 75% !!! Imagine the same situation in France!
Note that the slightest event can serve as a nucleus of condensation to violent events, such as the H5N8 virus that hit the chicken farms in Iran causing an increase of 50% of egg prices ...
If we add corruption and inequality, then we have all the ingredients for a social breakdown ...
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Re: The worrying situation in Venezuela!

Unread Messageby sen-no-sen » 10/06/18, 13:02

Argentina gets a loan of 50 billions of dollars

Argentina and the International Monetary Fund (IMF) reached an agreement on Thursday for a three-year financing program, to try to avoid a new financial crisis.

In order to consolidate its fragile economy, Argentina turned to the International Monetary Fund (IMF), which granted it a loan of 50 billion dollars, in exchange for which it committed to far-reaching reforms to limit its spending. the State. "We have appealed to the IMF as a preventive measure, to avoid a crisis," said 7 June the Argentine Minister of Economy Nicolas Dujovne at a press conference in Buenos Aires. "We are engaged in building a normal country. It is a support to our program, with the objective of increasing the economy, reducing inflation and reducing poverty, "he added.

The situation in Argentina is not catastrophic, but the South American country needs to strengthen its reserves, stabilize the foreign exchange market and create a better economic climate to attract investment. Annual inflation exceeds 20% since 10 years.

Argentinian center-right president Mauricio Macri had sought help from the IMF and his minister of the economy had begun talks with the Fund on May 8.

https://www.lemonde.fr/ameriques/article/2018/06/08/l-argentine-obtient-un-pret-de-50-milliards-de-dollars_5311421_3222.html

The situation in Argentina is not the best either!
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Ahmed
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Re: The worrying situation in Venezuela!

Unread Messageby Ahmed » 10/06/18, 13:42

An extension of the budget in exchange for "structural adjustments" is the classic neoliberal cocktail of the IMF, with the consequences that we know ...
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