Venezuela is in the grips of what is now the world’s second largest refugee crisis after Syria. But unlike Syria, Venezuela is not mired in civil war, and the country is sitting on the world’s largest proven oil reserves. How could such a rich nation be driven into ruin? Where has the country’s wealth gone, and why are its people starving? Corruption and mismanagement are driving displacement worldwide. The majority of the world’s refugees and migrants are fleeing from countries in the top 10 of Transparency International’s Corruption Perception Index - places like Afghanistan, Syria, South Sudan and Somalia.
Saturday, January 25, 2020
Oil and ruin — exodus from Venezuela
Venezuela is in the grips of what is now the world’s second largest refugee crisis after Syria. But unlike Syria, Venezuela is not mired in civil war, and the country is sitting on the world’s largest proven oil reserves. How could such a rich nation be driven into ruin? Where has the country’s wealth gone, and why are its people starving? Corruption and mismanagement are driving displacement worldwide. The majority of the world’s refugees and migrants are fleeing from countries in the top 10 of Transparency International’s Corruption Perception Index - places like Afghanistan, Syria, South Sudan and Somalia.
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