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State Failure In Venezuela, Marcus Littman

Master's Theses

The role of the state is to provide political goods such as security and an environment conducive to economic growth. The Venezuelan state is failing to provide both security and conditions capable of producing economic growth. The government has exacerbated both by enacting failed policies. I measure the economic crisis in Venezuela based on the rates of inflation, falling foreign currency reserves, the food and medical supply shortage, falling government spending, and negative GDP growth. I measure the security crisis based on the escalating rate of kidnapping, human trafficking, drug sales, smuggling, theft, gun distribution, and homicide. In this thesis, …