Venezuelan Migration Crisis Puts the Region's Democratic Governability at Risk
Author | : Víctor M. Mijares |
Publisher | : |
Total Pages | : 13 |
Release | : 2018 |
Genre | : |
ISBN | : |
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Abstract: As Venezuela has become increasingly authoritarian and its population more and more impoverished, one of the largest waves of migration in the Western Hemisphere has been the consequence hereof. Since 2014, some 2.3 million Venezuelans have fled the country. The politicisation of Venezuela's state-owned oil company, Petróleos de Venezuela (PDVSA), has led to a 50 per cent drop in production since 2013. As a result, oil revenues have become insufficient to maintain the petro-state and its society, generating shortages that have forced millions to emigrate. Venezuela's mass exodus is affecting neighbouring countries - namely, Colombia, Ecuador, Peru, and Brazil. This humanitarian crisis is increasingly putting democratic governability in South America at risk, at a moment when the capacity for regional governance has reached a new low. The Venezuelan crisis has triggered a political division within Latin America. The Union of South American Nations (UNASUR) has virtually disintegra