Venezuela under Hugo Chávez and Beyond
Please read Case 2: “Venezuela under Hugo Chávez and Beyond” available in your e-book (page no.611), and answer the following questions:
- All students are encouraged to use their own word.
- Assignment -2 should be submitted on or before the end of Week-11 in Black Board only.
- This assignment is an individual assignment.
- Citing of references is also necessary in APA style.
Learning Outcomes:
- Analyze the effects of culture, politics and economic systems in the context of international business (Lo 1.9 & 2.1)
- Identify the major components of international business management (Lo 1.2)
- Carry out effective self-evaluation through discussing economic systems in the international business context (Lo. 3.6)
Critical Thinking
Please read Case 2:Learning Outcomes:
- Analyze the effects of culture, politics and economic systems in the context of international business (Lo 1.9 & 2.1)
- Identify the major components of international business management (Lo 1.2)
- Carry out effective self-evaluation through discussing economic systems in the international business context (Lo. 3.6)
Critical Thinking
Please read Case 2: “Venezuela under Hugo Chávez and Beyond” available in your e-book (page no.611), and answer the following questions:
Assignment Question(s)🙁
- Under Chávez’s leadership, what kind of economic system was put in place in Venezuela? How would you characterize the political system?
- How do you think that Chávez’s unilateral changes to contracts with foreign oil companies will affect future investment by foreigners in Venezuela?
- How will the high level of public corruption in Venezuela affect future growth rates?
