May 27, 2015
Venezuela: No changes in fiscal policy

Photo:

Caracas, Venezuela's capital

International Business Profile

Venezuela: No changes in fiscal policy

| 7/3/2013

» Those who hoped for an end to the late President Hugo Chavez’s socialist rule had their hopes dashed in April when his handpicked successor, Nicolás Maduro, won the presidential election. For companies doing business in that nation, little has changed, says Joseph Ganitsky, director of the University of Miami Center for International Business Education and Research and a faculty member at the UM School of Business. For years, strict currency controls have made it nearly impossible for multinational companies to repatriate profits earned in Venezuela, except on the black market. Ganitsky says it will be even more difficult now. The election results “will bring more uncertainty, and it will not fix the conditions in Venezuela,” he adds.

Tags: Government/Politics & Law, International Trade, International

Digital Access

DIRECT DIGITAL ACCESS
Add digital to your current subscription, purchase a single digital issue, or start a new subscription to Florida Trend.

TABLE OF CONTENTS
An overview of the features and articles in this month's issue of Florida Trend.

ACCESS THIS ISSUE »

Florida Business News

Florida Trend Video Pick

How to manage for collective creativity
How to manage for collective creativity

Harvard professor Linda Hill, co-author of "Collective Genius," has studied some of the world's most creative companies to come up with a set of tools and tactics to keep great ideas flowing.

Earlier Videos | Viewpoints@FloridaTrend

Ballot Box

Would you describe yourself as an entrepreneur?

  • Yes, I have my own business.
  • No, but I have always wanted to run my own business.
  • No, and not interested.
  • Other (comments welcome)

See Results

Ballot Box
Subscribe