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Venezuela's Post-Chávez Foreign Policy

By Víctor M. Mijares

Falling oil prices have narrowed President Nicolás Maduro's options. Will they change his world view?

President Nicolás Maduro inherited a dramatically changed country—and economic situation—when he came to power following Chávez’ death from cancer in 2013. Within a year of Maduro’s election in March 2013, oil prices had started a steady decline. And as investment in the industry also dropped, production fell to 2.62 million barrels per day (bpd) from 3.48 million bpd when Chávez was sworn in to office.1 To complicate matters, the rapidly deteriorating economy, combined with Maduro’s lack of charisma and narrow margin of victory in the election—1.49 percent—were further domestic...

Read this article on the Americas Quarterly website. | Subscribe to AQ.

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