VENEZUELA OIL AND CORRUPTION.

in #venezuela5 years ago

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Venezuela has the biggest proven oil reserves, is a tropical and caribean country, in addition it has gold and other mineral wealths.

The corruption indicator CESLA synthesizes through factor analysis

The following international institutions provide information on the phenomenon of corruption: World Bank, Transparency International, World Economic Forum, Heritage Foundation, Freedom House and Bertelsmann Foundation. The indicator is scaled according to the following criteria: from 0 to 20 low level of corruption and recommended anti-corruption policy; from 21 to 40 moderate level of corruption and adequate anti-corruption policy; from 41 to 60 worrying level of corruption and lax anti-corruption policy; from 61 to 80 high level of corruption and extreme weakness in anti-corruption policy; from 81 to 100 alarming level of corruption and lousy control.

A country is not rich because of its subsoil' richness, otherwise Venezuela would probably be the richest in the world.
One of the most important points that make a rich country is its ability to transform raw materials into finished products, which in turn serve to develop technologies and improve its inhabitants standard of living.

Venezuela got a cancer at the beginning of the xxi century, It killed productive motor in few years, and Maduro is the final metactasis.