In a new blog, OEF Researchers assert that the root of an unfolding economic collapse in Venezuela lies in years of mismanagement of oil wealth, which constitutes 95% of the country’s export revenue. The economic mismanagement has led to a humanitarian crisis rarely seen in an upper middle income country.
But in spite of many warnings of a coup in Venezuela, they have all been wrong. Why?
Curtis Bell and Jay Benson explain here, and unpack the country's future scenarios related to political change and oil production.