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Latin America

(39,181 posts)

16. That would require an enormous infusion of foreign capital

Mon May 23, 2016, 12:22 PM

May 2016

transforming economies is expensive.

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Coca-Cola Forced To Stop Production In Venezuela [View all] Bacchus4.0 May 2016 OP

Car parts, barley, sugar... Ghost Dog May 2016 #1

They can't get the dollars to import raw materials Bacchus4.0 May 2016 #2

You say the likes of Toyota, Coca- Cola, and the country's Ghost Dog May 2016 #3

They don't in Venezuela. That's why Ford and Coca Cola closed shop Bacchus4.0 May 2016 #4

Oh, indeed, why, temporarily, operate at a loss? Ghost Dog May 2016 #6

How would the government be able to import things? hack89 May 2016 #14

It's not complicated. COLGATE4 May 2016 #5

Ok, thanks. So the government runs a variable- rate exchange control Ghost Dog May 2016 #7

They have several different rates. No other country is prepared to COLGATE4 May 2016 #8

What happens if the exchange controls are eased Ghost Dog May 2016 #9

Yes. But rather than a return to 'normal', Venezuela's economy Ghost Dog May 2016 #11

The VZ government was moving in that direction when Chavez was COLGATE4 May 2016 #12

That would require an enormous infusion of foreign capital hack89 May 2016 #16

US dollars are the currency of the global economy hack89 May 2016 #15