The Collapse of Venezuela: Scorched Earth Politics and Economic Decline, 2012-2020

The Collapse of Venezuela documents Venezuela’s economic implosion as politicians adopted strategies that severely harmed the economy in their struggle for power.

Between 2012 and 2020, Venezuela suffered the largest economic contraction ever documented outside of wartime. This collapse was caused not just by the failure of an economic model but also the deeper failure of its political system to manage the conflicts inherent to a polarized society. The Collapse of Venezuela argues that when ...