The unbiased perspective

 Why Venezuela has the strangest economy in the world? Venezuela is a country in South America and its capital is Caracas. It is officially known as the Bolivarian Republic of Venezuela. Venezuela is  colonized by Spain in 1522. It was the first Spanish-American to  declare independence from Spain in 1811. It in the modern world it has the world's largest proven oil reserves but regardless of that it has the highest inflation in the world, struggling with shortage of food, electricity, and other essential goods. For this we need to go back on 31 July 1914 when oil was discovered in Venezuela for the first time. At that time it was ruled by Juan Vincente Gomez who ruled over from 1908 to 1935 as a dictator. In the 1920s and 1930s Venezuela begin to industrialize with the development of its oil industry becoming a major contributor in the development. In the early 1900 the economy of Venezuela is mainly a agriculture based. Gomez allowed foreign companies to explore, ...