COA’s Eric Farnsworth discussed the challenge of falling energy prices. ... Play Video
A 20 percent decline in global oil prices is putting pressure on Venezuela, which relies heavily on revenues from energy exports to drive its economy. “It’s not just the energy sector, this is the entire economy of Venezuela,” said COA's Vice President Eric Farnsworth on CCTV. Farnsworth said that falling energy prices resulting from new supplies in non-OPEC markets present a challenge to President Nicolás Maduro, who has leveraged high energy profits to strengthen regional partnerships. “Venezuela has perfected the art of energy diplomacy,” Farnsworth explained. “To the extent that that is no longer possible, the ability to outreach to other governments and people in the hemisphere is greatly reduced.” Farnsworth also discussed the key economic challenges Venezuela faces ahead of the new year.
Meet the Venezuelan artist who is a finalist for the Americas Society art commission, in exhibition. ... Play Video
Jorge Pedro Nuñez is a Venezuelan artist participating as a finalist at Americas Society art comission, the final stage of an initiative to reinvigorate the lobby of the institution's building on 680 Park Avenue in New York. The process has resulted in the exhibition Spatial Acts: Americas Society Commissions Art, on view at the institution’s gallery from October 7 through December 13, 2014.
Nowhere in the world is the web of treaties, agreements and agencies concerned with regional security needs as thick as in Latin America. The region has seen one of the most dramatic institutional transformations of the late twentieth and early twenty-first century.
During the 1970s, Venezuela was the richest country in Latin America. With the region’s highest growth rates and the lowest levels of inequality, it was also one of the most stable democracies in the Americas. But starting in the early 1980s, things fell apart.