The should worsen according to a managing director

The Venezuelan government has enforced a chain of misguided economic policies including cost manipulation, discretionary appropriations, misconstrued rate of exchange and over management of the non-private sector. These policies have destroyed Venezuela’s capability to provide goods; especially food.(1) This causes extreme hunger, the bulk of Venezuelans eat no more than twice a day if they’re lucky. The government refuses to recognize and fix their economy causing a severe food shortage for a lot of venezuelan citizens. If the citizens try to protest they can be detained and subjected to abuse by security. There is little agriculture in Venezuela due to the lack of rich soil so many agricultural products are imported. Venezuela’s economic policies have centered around the so-called “21st Century Socialism,” which includes nationalization of industries, stringent currency control, and centralized public services. Chavez’s efforts to nationalize firms in agribusiness, financial, and industrial sectors have hurt private investment and reduced productive capacity.(2) Due to the socialist leaders in Venezuela the economy in Venezuela has plummeted by 10% last year.(3) In venezuela the average wage is worth only 30 U.S dollars a month(4), and the price of laundry detergent (100 ounces) costs 31 U.S. dollars!(5) In the 1960’s to the 1990’s when venezuela was democratic and not socialist it’s economy was booming, it was the powerhouse of latin america. The only way to fix Venezuela’s economic downfall is to return to being democratic and voting the socialist leaders out of office. At first the socialism worked and helped out the poor in Venezuela but eventually it made Venezuela to dependent on oil sales, and when the oil drained so did the money.  If Venezuela wants to survive then, in my opinion, they need a strong leader to guide them, someone who understands how the economy works and has the passion to fix it. (6)The economy is Venezuela is not improving, it’s declining. In late 2017 there’s been a triple digit inflation in Venezuela’s Venezuelan Industrial Confederation with a 731% increase in average cost of production. Even food production has gone down 20%. The conditions should worsen according to a managing director for Nomura, Siobhan Morden. It’s difficult to get a counter response to these dangerously grave statistics from a group that is too focused on politics to fix the issue and instead keep raising minimum wage that only reinforces the inflationary situation (7).  By improving this issue and implementing a new form of government opportunities will open for jobs and affordable prices which will increase food production and availability so families can eat more than 2 meals a day with higher nutritional values.Another major issues that could affect families and the community is natural disasters which Venezuela is very prone to. This includes earthquakes, floods, mudslides, hurricanes and cyclones which are extremely disastrous. Earthquakes a frequent in Venezuela one of the most infamous being the 1967 Caracas earthquake which had a magnitude of 6.5 and it resulted in 240 people being killed, a lot of people injured, and approximately 80,000 Venezuelans were left homeless. I think implementing a food stamp type system would be a step in the right direction. This way people can be protected from increases in price and shortages. Next they should stabilize the currency so that the government can unify the exchange rate. Once this happens lots of U.S. dollars would circulate in Venezuela due to things being cheap for those who have these U.S. dollars. Argentina did this back in 2002 after they had a huge devaluation. Doing this in Argentina grew the economy very fast. They could also push more political pressure on Venezuela which they’re actually starting on and some countries decided to not even recognize Manduro’s assembly. The government needs to put this in place to get it going and citizens need to make an effort to sign up for food stamps and be involved in making sure it goes forward. The United Nations also should put more pressure on the Venezuelan government to force Manduro out of office. FEMA could also contribute and go to Venezuela and provide food and other essentials to the deprived citizens. At the most extreme case if all else fails the only way to save the citizens may be by invading Venezuela and overthrowing the government, but this is unlikely due to many countries not wanting to go to war and such.