VenEconomy: Winds from the North

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Evan Ellis, professor of the Strategic Studies Institute of the U.S. Army War College (SSI) in Carlisle, Pennsylvania, recently published a report entitled “The Approaching Implosion of Venezuela and Strategic Implications for the United States.” It should be made clear that Ellis is giving a personal view on the matter and not on behalf of the U.S Army or the government.

Just like many other analysts, Ellis considers that Venezuela is on the brink of collapse, which would have serious repercussions for Venezuela’s neighboring countries and the region. He claims that “the current regime in Venezuela is locked in an economic and political death spiral from which multiple reinforcing dynamics make it difficult to escape calamity.”

 

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